Partnership Company Permitted to Open More Than One Bank Account
Based on Clause 3, Article 184 of the Law on Enterprises 2020 (Effective from January 1, 2021) which stipulates as follows:
- General partners are the legal representatives of the company and manage the company’s daily business activities. Any restrictions on general partners in performing daily business activities of the company are only effective against third parties when such parties are aware of these restrictions.
- The company can open one or several accounts at banks. The Board of Members appoints members authorized to deposit and withdraw money from these accounts.
Thus, a partnership company has the right to open more than one bank account according to the aforementioned legal provisions.
Respectfully!
Individuals with tax debts from 50 million VND or more in Vietnam are temporarily suspended from exit
What are defective products, goods in Vietnam? Who are liable to compensate damages caused by defective products, goods in Vietnam?
In which cases are imported goods exempt from value added tax in Vietnam?
Form 04-DK-TCT - Taxpayer registration declaration under Circular 86 in Vietnam and Instructions
What are differences between 10-digit and 13-digit tax identification numbers in Vietnam? Which entities are eligible for those tax identification numbers in Vietnam?
Guidelines on checking tax identification numbers of business households in Vietnam in 2025
Guidelines on checking personal tax identification numbers in Vietnam in 2025
When does the tax authority in Vietnam publicly disclose taxpayer registration information on the electronic information portal?
Guidelines for supplementation of the tax declaration dossier in 2025 in Vietnam
What are details of the Form 01/NDAN - Proposal for gradual payment of tax debt in Vietnam in accordance with Circular 80?
