In the process of establishing a business entity for operation, besides the Enterprise Registration Certificate which is a compulsory certificate for any enterprise, it is required enterprise to register a “Sub-License” when doing business in conditional business lines. So, what is “Sub-License”? What does it mean for business activities of the enterprise?
In the context of the ever-changing economy, elimination regulations have also been presented frequently and harshly. If enterprises want to survive and develop, they must always be in a proactive position in all aspects: Thinking, adapting, and innovation. With an ever-changing mindset for development, once realizing any irrationalities in the apparatus's chains, especially the organizational structure and internal management, enterprises are forced to reform and reorganize. It is also enterprises restructuring content that Phong & Partners Law Firm would like to share below.
Restructuring is recognized as an essential activity in the operation and development of enterprises, especially in a complicated epidemic context, business methods are forced to constantly change to adapt to new conditions. Enterprise restructuring can be conducted in many aspects such as organizational restructuring, personnel restructuring, technology restructuring...
Human Resources is one of the valuable assets and represents the unique identity of each enterprise. It is a key element contributing to the success or failure of each enterprise. When Human Resource Management system is turbulent and needs to be consolidated to have human resources to help enterprises develop sustainably, enterprises should conduct restructuring. Human Resources Restructuring is not only about reducing, adding, maneuvering, assigning human resources but also about the changing of human resources' quality and Human Resource Management methods.
In the context of globalization, with the diversity and complexity of business activities, rapid development beyond the economy's control, businesses are facing challenges, difficulties, and pressing requirements to bring businesses up, as well as working on effective development to avoid the risk of elimination in the challenging and ever-changing development process of the market. In order to solve this problem, restructuring is interpreted as an inevitable path for each business, so what is restructuring? Within the limited scope of an article, it's hard to cover all the relevant issues. Phong Partners just hopes to introduce some basic points that can meet your attention about the restructuring business's field.
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