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In Vietnam, there are various types of companies such as Joint Stock Company, Sole Proprietorship, Limited Liability Company, State-owned Company... Surely, when you see the name Limited Liability Company and Joint Stock Company, you might wonder why there are abbreviations like Jsc, Ltd. Let's read on to understand what Limited Liability Company, Joint Stock Company mean in English: Ltd, Jsc.
What is the abbreviation for a limited liability company? How about a joint stock company?
1. Joint Stock Company
2. Limited Liability Company
3. English Names for Some Other Types of Companies
What is an LLC? What is a Joint Stock Company in English?
Some common types of companies in Vietnam such as limited liability company or joint stock company,... So what is an LLC? What is a joint stock company? These types of companies are defined as follows:
1. Joint Stock Company, the concept of a joint stock company
Joint Stock Company, commonly known as JSC in English, is an abbreviation of Joint Stock Company, representing a type of corporation where ownership is represented by shares of stock, with a minimum of 3 shareholders, who can be legal entities or individuals. If you see JSC after a company's name, it indicates a joint stock company.
For example: X-Media Joint Stock Company or Seoul Metal Vietnam Joint Stock Company.
2. Limited Liability Company
Limited Liability Company in English is Ltd, which is short for Limited Liability Company, representing a type of business entity with a small to medium-sized business model.
If there is only one organization or individual as the owner of a company, it is called a single-member limited liability company. Moreover, a limited liability company is not allowed to have more than 50 members.
For example: Samsung Electronics Co., Ltd or Digital Marketing Co., Ltd, ... .
3. English Names for Some Other Types of Companies
Apart from JSC (abbreviation for joint stock company) or Ltd (limited liability company), sometimes you may also encounter PLC, which stands for Public Limited Company or simply Public Company, a corporate model for the public.
Typically, a public limited company (Plc.) can only become a public company after conducting an initial public offering (IPO) of shares to the public. However, this type of company is less common in Vietnam.
To establish companies and businesses, we cannot overlook the contributions of the founders. Within each company, specific roles and responsibilities are assigned to individuals. Those in leadership positions, managing and overseeing all organizational activities, are trusted by many and play a crucial role in helping businesses develop economically and survive. In companies, people often refer to and use the terms CEO and Founder. So, what are CEO and Founder? What is CEO an abbreviation for?
In addition to the types of companies mentioned above, multi-level marketing companies in Vietnam are also familiar to many. The multi-level marketing business model is becoming increasingly popular and widespread, with some even exploiting it for fraudulent purposes. Therefore, knowing the list of multi-level marketing companies in Vietnam will help you effectively avoid becoming a victim.
