But the most disadvantage of this form of legal architecture is that you simply aren’t legally separated from your business. This means that if a person were to file a lawsuit in opposition t your company, the plaintiff could doubtlessly come after your personal assets, that can include your house, car, and other possessions. The way to bypass here is to form your business as a limited liability company LLC, or a company. These business systems provide separation between you and your enterprise, so if an individual were to file a lawsuit towards the company, they would only be capable of come after the assets owned by the business, not your personal assets. How the company then grew to be Vietnam’s biggest private manufacturer of fast paced client goods is told in Phuong’s book, Competing with Giants.
It is an incredible story given the context of the nation’s challenging financial times in the aftermath of the Vietnam war in 1975. While their products is probably not known in the US, their drinks are prevalent in Asia, Australia and Russia. Their top sellers come with Dr. Thanh Herbal Tea, Zero Degree Green Tea, 1 Energy Drink and 1 Juicie Fruit. The agency pronounced sales in 2015 of over $500M.
They are reportedly presently growing to be at 20% per year.