An organization with legal status will be. Recognized by the state for its ability to exist. Operate independently and.be responsible for its own legal actions.
So does a business household have legal status ? The content of the article below will answer all questions about the legal status of a business household.
Note: Before reading this article, you can learn some information you need to know about business
households in the article for further reading.
See more: [New] What is a business household ? Some characteristics and regulations on business households
Table of Contents Hide
1. Does a business household have legal status?
2. Questions related to the legal status of business households
Can a business household be converted into an enterprise?
What procedures are required to change from a sole proprietorship to an enterprise?
Where to submit application for conversion france telegram data of business form from household business to enterprise?
Legal consequences when a business household does not have legal status
1. Does a business household have legal status?
Does a business have legal status?
As stipulated in Article 74 of the 2015 Civil Code, an organization or group of people is recognized as
having status when it satisfies the following four conditions
Recognized as legally established in duplicate and unnecessary code can hinder accordance with the provisions of law.
The organization has a tight operating structure.
Have separate assets, independent of other crawler data individuals and legal entities and be responsible for their own assets.
Participate in legal relationships independently on behalf of oneself.
Compared with Clause 1, Article 79 of Decree 01/2021/ND-CP, there are regulations on business households as follows:
A business household is registered. By an individual or family members who are. Responsible for all of their assets for the. Business activities of the household.
In case household members register a business household, authorize one member to represent the business household.
The individual who registers a business household, the person authorized by the household members
to represent the business household is the business household owner.
Based on the above provisions of law, it can be seen that a business household with unlimited liability with all of its assets does not have sufficient conditions to have legal entity status.
Thus, it can be concluded that a business household does not have legal status. Because it does not have legal status, a business household does not have its own seal, representative office, other branches, and does not exercise the rights and obligations of other enterprises.
2. Questions related to the legal status of business households
Can a business household be converted into a private enterprise?