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write an essay of at least 250 words about the difference between a Joint stock company and partnership

write an essay of at least 250 words about the difference between a Joint stock company and partnership lXjD9
Joint Stock Company and Partnership are two of the five types of enterprises operating legally in Vietnam. The two companies have many differences in structure and organizational activities. This essay will show the differences between the two companies. First, let's talk about the similarity between the two companies. Both of them are legally operating business models in Vietnam and both have legal status from the date of issuance of the Enterprise Registration Certificate. On the other hand, Joint-stock companies and Partnerships are two different types of businesses both in terms of organizational structure and operation. According to Article 177, Chapter VI of the Enterprise Law 2020, the Partnership must have at least 02 members who are joint owners of the company, in addition to being able to have additional members contributing capital. Whereas the Joint Stock Company has a minimum number of shareholders of 03 people and does not limit the maximum number. Next will be the responsibility of the members or shareholders of the two companies. In a Partnership, the partnership member is responsible for all of his or her assets for the obligations of the company. As for Joint Stock Company, shareholders are only responsible for debts and other property obligations of the enterprise within the amount of capital contributed to the enterprise. Moving on to the capital contribution, partnership members and capital contributors must contribute sufficiently and on time the amount of capital as promised and if the partnership member does not contribute enough and on time the committed capital causing damage to the company must be liable for damages to the company. Meanwhile, the charter capital of the Joint Stock Company at the time of registration of the establishment of the enterprise is the total value of the share face value of all kinds registered for purchase and stated in the Company's Charter. The Partnership may not issue any type of securities but the Joint Stock Company has the right to issue shares of all kinds to raise capital. Compare the organizational structure between two companies, it can be seen that the Partnership consists of: All members are combined into the Board of Members. The Board of Members elects a member as the Chairman of the Board of Members, as a director or general director of the company if there are no other provisions. Meanwhile, the Joint Stock Company can choose two models of management and operation organization: General Meeting of Shareholders, Board of Directors, Supervisory Board and Director or General Director. In case the company has a stake of less than 11 shareholders and the shareholders are organizations that own less than 50% of the total number of shares of the company, it is not required to have a Supervisory Board. General Meeting of Shareholders, Board of Directors and Director or General Director. In this case, at least 20% of the members of the Board of Directors must be independent members and have an internal audit board under the Board of Directors. For the representative, the partnership members have the right to represent according to the law and the organization that runs the day-to-day business of the company. In the operation of the company's business, partnership members must assume the titles of management and control of the company. As for a joint stock company, where there is only one legal representative, the Chairman of the Board of Directors or the Director or General Director is the legal representative of the company; in case the Charter does not stipulate otherwise, the Chairman of the Board of Directors is the legal representative of the company. Where there is more than one legal representative, the Chairman of the Board of Directors, the Director or the General Director is of course the legal representative of the company. And finally, the difference between the legal basis, the Partnership company is stipulated in Chapter VI of the Enterprise Law 2014 and the Joint Stock Company is regulated by Chapter V of the Enterprise Law 2014. In conclusion, these are two of the typical types of businesses specified in the Enterprise Law 2020, although they have differences, they all point to the governing scope of corporate law.
You use this word too often, consider replacing it with
Joint
Stock
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Company
and
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Partnership
are two of the five
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types
of
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enterprises
operating
legally
in Vietnam. The two
You use this word too often, consider replacing it with
companies
have
This phrase/word is too simple and can be replaced with:
many
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differences
in structure and organizational activities. This essay will
This phrase/word (depending on the context) can be potentially replaced with :
show
the
You use this word too often, consider replacing it with
differences
between the two
This phrase/word (depending on the context) can be potentially replaced with :
companies
.

First
,
This phrase/word (depending on the context) can be potentially replaced with :
let
's talk about the similarity between the two
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companies
. Both of them are
legally
operating
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business
models in Vietnam and both have
You use this word too often, consider replacing it with
legal
status from the date of issuance of the
You use this word too often, consider replacing it with
Enterprise
Registration Certificate.

On the other hand
, Joint-stock
You use this word too often, consider replacing it with
companies
and
You use this word too often, consider replacing it with
Partnerships
are two
This phrase/word is too simple and can be replaced with:
different
You use this word too often, consider replacing it with
types
of
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businesses
both in terms of organizational structure and operation. According to Article 177, Chapter VI of the
You use this word too often, consider replacing it with
Enterprise
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Law
2020, the
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Partnership
This phrase/word (depending on the context) can be potentially replaced with :
must
have at least 02
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members
who are
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joint
owners of the
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company
,
in addition
to being able to have additional
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members
contributing
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capital
. Whereas the
You use this word too often, consider replacing it with
Joint
Stock
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Company
has a minimum number of
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shareholders
of 03
This phrase/word (depending on the context) can be potentially replaced with :
people
and does not limit the maximum number.
Next
will be the responsibility of the
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members
or
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shareholders
of the two
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companies
. In a
You use this word too often, consider replacing it with
Partnership
, the
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partnership
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member
is responsible for all of
This phrase/word is too simple and can be replaced with:
his or her
assets for the obligations of the
You use this word too often, consider replacing it with
company
. As for
You use this word too often, consider replacing it with
Joint
Stock
You use this word too often, consider replacing it with
Company
,
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shareholders
are
This phrase/word (depending on the context) can be potentially replaced with :
only
responsible for debts and other property obligations of the
You use this word too often, consider replacing it with
enterprise
within the amount of
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capital
contributed to the
You use this word too often, consider replacing it with
enterprise
. Moving on to the
You use this word too often, consider replacing it with
capital
contribution,
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partnership
You use this word too often, consider replacing it with
members
and
You use this word too often, consider replacing it with
capital
contributors
This phrase/word (depending on the context) can be potentially replaced with :
must
contribute
sufficiently
and on time the amount of
You use this word too often, consider replacing it with
capital
as promised and if the
You use this word too often, consider replacing it with
partnership
You use this word too often, consider replacing it with
member
does not contribute
This phrase/word is too simple and can be replaced with:
enough
and on time the committed
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capital
causing damage to the
You use this word too often, consider replacing it with
company
This phrase/word (depending on the context) can be potentially replaced with :
must
be liable for damages to the
You use this word too often, consider replacing it with
company
. Meanwhile, the charter
You use this word too often, consider replacing it with
capital
of the
You use this word too often, consider replacing it with
Joint
Stock
You use this word too often, consider replacing it with
Company
at the time of registration of the establishment of the
You use this word too often, consider replacing it with
enterprise
is the total value of the share face value of all kinds registered for
This phrase/word (depending on the context) can be potentially replaced with :
purchase
and stated in the
This phrase/word (depending on the context) can be potentially replaced with :
Company
's Charter. The
You use this word too often, consider replacing it with
Partnership
may not issue any
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type
of securities
This phrase/word is too simple and can be replaced with:
but
the
You use this word too often, consider replacing it with
Joint
Stock
You use this word too often, consider replacing it with
Company
has the right to issue shares of all kinds to raise
You use this word too often, consider replacing it with
capital
. Compare the organizational structure between two
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companies
, it can be
This phrase/word (depending on the context) can be potentially replaced with :
seen
that the
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Partnership
consists of: All
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members
are combined
into the
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Board
of
You use this word too often, consider replacing it with
Members
. The
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Members
elects a
You use this word too often, consider replacing it with
member
as the
You use this word too often, consider replacing it with
Chairman
of the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Members
, as a
You use this word too often, consider replacing it with
director
or general
You use this word too often, consider replacing it with
director
of the
You use this word too often, consider replacing it with
company
if there are no other provisions. Meanwhile, the
You use this word too often, consider replacing it with
Joint
Stock
You use this word too often, consider replacing it with
Company
can choose two models of management and operation organization: General Meeting of
You use this word too often, consider replacing it with
Shareholders
,
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
, Supervisory
You use this word too often, consider replacing it with
Board
and
You use this word too often, consider replacing it with
Director
or General
You use this word too often, consider replacing it with
Director
. In case the
You use this word too often, consider replacing it with
company
has a stake of less than 11
You use this word too often, consider replacing it with
shareholders
and the
You use this word too often, consider replacing it with
shareholders
are organizations that
This phrase/word (depending on the context) can be potentially replaced with :
own
less than 50% of the total number of shares of the
You use this word too often, consider replacing it with
company
, it is not required to have a Supervisory
You use this word too often, consider replacing it with
Board
. General Meeting of
You use this word too often, consider replacing it with
Shareholders
,
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
and
You use this word too often, consider replacing it with
Director
or General
You use this word too often, consider replacing it with
Director
.
In this case
, at least 20% of the
You use this word too often, consider replacing it with
members
of the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
This phrase/word (depending on the context) can be potentially replaced with :
must
be independent
You use this word too often, consider replacing it with
members
and have an internal audit
You use this word too often, consider replacing it with
board
under the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
. For the representative, the
You use this word too often, consider replacing it with
partnership
You use this word too often, consider replacing it with
members
have the right to represent according to the
You use this word too often, consider replacing it with
law
and the organization that runs the day-to-day
You use this word too often, consider replacing it with
business
of the
You use this word too often, consider replacing it with
company
. In the operation of the
This phrase/word (depending on the context) can be potentially replaced with :
company
's
You use this word too often, consider replacing it with
business
,
You use this word too often, consider replacing it with
partnership
You use this word too often, consider replacing it with
members
This phrase/word (depending on the context) can be potentially replaced with :
must
assume the titles of management and control of the
You use this word too often, consider replacing it with
company
. As for a
You use this word too often, consider replacing it with
joint
stock
You use this word too often, consider replacing it with
company
, where there is
This phrase/word (depending on the context) can be potentially replaced with :
only
one
You use this word too often, consider replacing it with
legal
representative, the
You use this word too often, consider replacing it with
Chairman
of the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
or the
You use this word too often, consider replacing it with
Director
or General
You use this word too often, consider replacing it with
Director
is the
You use this word too often, consider replacing it with
legal
representative of the
You use this word too often, consider replacing it with
company
; in case the Charter does not stipulate
otherwise
, the
You use this word too often, consider replacing it with
Chairman
of the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
is the
You use this word too often, consider replacing it with
legal
representative of the
You use this word too often, consider replacing it with
company
. Where there is more than one
You use this word too often, consider replacing it with
legal
representative, the
You use this word too often, consider replacing it with
Chairman
of the
You use this word too often, consider replacing it with
Board
of
You use this word too often, consider replacing it with
Directors
, the
You use this word too often, consider replacing it with
Director
or the General
You use this word too often, consider replacing it with
Director
is
of course
the
You use this word too often, consider replacing it with
legal
representative of the
You use this word too often, consider replacing it with
company
. And
finally
, the
You use this word too often, consider replacing it with
difference
between the
You use this word too often, consider replacing it with
legal
basis, the
You use this word too often, consider replacing it with
Partnership
You use this word too often, consider replacing it with
company
is stipulated
in Chapter VI of the
You use this word too often, consider replacing it with
Enterprise
You use this word too often, consider replacing it with
Law
2014 and the
You use this word too often, consider replacing it with
Joint
Stock
You use this word too often, consider replacing it with
Company
is regulated
by Chapter V of the
You use this word too often, consider replacing it with
Enterprise
You use this word too often, consider replacing it with
Law
2014.

In conclusion
, these are two of the typical
You use this word too often, consider replacing it with
types
of
You use this word too often, consider replacing it with
businesses
specified in the
You use this word too often, consider replacing it with
Enterprise
You use this word too often, consider replacing it with
Law
2020, although they have
You use this word too often, consider replacing it with
differences
, they all point to the governing scope of corporate
You use this word too often, consider replacing it with
law
.
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IELTS essay write an essay of at least 250 words about the difference between a Joint stock company and partnership

Essay
  American English
4 paragraphs
695 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 7.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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