The basic knowledge of shareholders
Shareholders’ information in a VietnamCredit comprehensive company report
Business ID: The Business ID (Business Identity Code) is a code given to businesses and organizations by the Tax Administration. It consists of 5 digits, two dashes, and two control marks, for example, 123-45-67899. The Business ID identifies the business. However, it is not possible to conclude from an ID whether a business has been registered with the Tax Administration registers or the Trade Register. If you need that information, you must check it at the company report, or Tax Administration.
Establishment: this information provides the date that the business legally registered. Normally many joint-stock companies have their shareholders who are actually another corporation so it is convenient to give this information here.
Address: Address is the particulars of the place where someone lives or an organization is situated. In VietnamCredit comprehensive company reports, this information is referred to as the physical location where the shareholders live (or situated if shareholders are corporations.)
Percentage: The percentage that we mention in this article has a close connection to the stock. The stock (also known as capital stock) of a corporation is constituted of the equity stock of its owners. A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares. In liquidation, the stock represents the residual assets of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt. Shareholders' equity cannot be withdrawn from the company in a way that is intended to be detrimental to the company's creditors.
Shareholders information: a tale of agreement and administration
Shareholders may be granted special privileges depending on a share class. The board of directors of a corporation generally governs a corporation for the benefit of shareholders. Therefore, the only one thing that can connect all the shareholders in a company is the agreement among them. Subject to the applicable laws, the rules of the corporation and any shareholders’ agreement, shareholders may have the right:
This agreement can be signed by all members at (or sometimes after) the registered date to set out the terms of capital and profits. By contributing their money and assets, shareholders illustrate their right, power, and responsibility in the group through their percentages of stock. As a result, the administration must follow that percentage, for example, the one who has the highest percentage of the stock has the highest power.
In fact, Shareholders are considered by some to be a subset of stakeholders, which may include anyone who has a direct or indirect interest in the business entity. For example, employees, suppliers, customers, the community, are typically considered stakeholders because they contribute value and/or are impacted by the corporation. So make sure you sign the agreement, you will have the right of administration in the company, no matter who you are.