How many days must a household business temporarily suspend its operations before notifying the registration authority?

Household businesses must notify the registration authority of their temporary suspension of business after how many days? What is the timeframe for re-issuing a business registration certificate for a household business? Can a household business contribute capital to a limited liability company with two or more members?

How many days must a household business temporarily suspend business to notify the registration authorities?

How many days must a household business temporarily suspend business to notify the registration authorities? Which document stipulates this? Looking forward to a prompt reply.

Answer:

Clause 1, Article 91 of Decree 01/2021/ND-CP on enterprise registration stipulates the temporary suspension of business and the resumption of business before the notified deadline for household businesses as follows:

  1. In case of a temporary suspension of business for 30 days or more, the household business must notify the district-level business registration authority where the business was registered and the directly managing tax authority.

Therefore, according to the above regulation, if a household business temporarily suspends business for 30 days or more, the household business must notify the registration authority and the tax authority.

How long is the reissue period for the household business registration certificate?

Regarding the reissue of the household business registration certificate. Please let us know: How long is the reissue period for the household business registration certificate?

Answer:

Clause 1, Article 94 of Decree 01/2021/ND-CP stipulates the reissue of the household business registration certificate as follows:

  1. In case the household business registration certificate is lost, burned, torn, damaged, or otherwise destroyed, the household business can submit a written request for reissue of the household business registration certificate to the district-level business registration authority where the household business is headquartered. The district-level business registration authority shall consider reissuing the household business registration certificate within 03 working days from the date of receiving the written request.

Therefore, according to the above regulation, the period for reissuing the household business registration certificate is 3 working days from the date of receiving the request.

Can a household business contribute capital to a limited liability company with two or more members?

We are a household business producing handicrafts, and we want to contribute capital to a limited liability company with two members as a household business. Is this allowed?

Answer:

Based on the provisions of Clause 2, Article 80 of Decree 01/2021/ND-CP:

Individuals and household members specified in Clause 1 of this Article are only allowed to register one household business nationwide and have the right to contribute capital, buy shares, or purchase capital contributions in an enterprise as individuals.

Therefore, according to this regulation, a household business itself is not permitted to contribute capital to a limited liability company with two or more members as a household business; only the owner of the household business is allowed to do so as an individual.

Sincerely!

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