A limited liability company (LLC) is a type of enterprise with legal status. In it, the company and the company owner will have the rights and obligations corresponding to the ownership of the company, which are two separate legal entities.

A limited liability company cannot have more than 50 capital contributors, and it is only liable for debts and other financial obligations to the extent of its property obligations. A limited liability company is not allowed to issue shares to raise capital.

Joint Stock Company (JSC) is an enterprise in which the company’s charter capital is divided into equal parts called shares.

The individual or organization that owns shares of an enterprise is called a shareholder and is liable for debts and other property obligations to the extent of the capital contributed to the business. The minimum number of shareholders in a joint stock company is three and there is no maximum number. Joint-stock companies have the right to issue shares in accordance with the law on securities.

Joint venture is a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.
A joint venture company has legal status, the members have the right to manage the company’s business activities and do it on behalf of the company, and are jointly responsible for the company. Capital-contributing members are entitled to share profits in accordance with the company’s charter, and general partners have equal rights when deciding on company management issues.

A representative office is a dependent unit of the enterprise, which has the task of representing by authorization for the interests of the enterprise and protecting those interests.

Representative office activities are limited to business promotion, identification and promotion of trade opportunities, supervision of the performance of signed contracts between the parent company and domestic partners.

Representative office is a very popular form of legal presence registration, especially in the early stages of market entry strategy.

A branch is a dependent unit of the enterprise, responsible for performing all or part of the functions of the enterprise, including the function of an authorized representative. The branch’s line of business must be consistent with the business line of the enterprise.

The branch is allowed to operate and do business like a company, with its own seal, so partners and customers can sign contracts with the branch.