Establishing a business entity is a strategic step that is important for an entrepreneur. The amount of understanding that forming a business entity especially related to legal aspects will only make “complicated”, and will waste time and money for entrepreneurs. Despite, establishing an appropriate Business Entity is your initial investment in running a professional and sustainable business.
Actually the existence of a business entity will protect from all claims due to the activities carried out. Because business entities provide business certainty, so that concerns over violations of the law will be avoided, considering that business entities, especially those with corporate legal entities, have signs that must be obeyed.
The selection of business entities should not because of the prestige. But it must be tailored to the characteristics, vision, and needs of your business. As a consideration, here are the types of business entities that are often used in business.
- Business entities in the form of legal entities
Limited Liability Company (“PT”)
The selection of legal entities in the form of PT can be caused by many things. If it’s viewed from the aspect of capital, PT is considered to be easier to bring in terms of capital and share ownership and the capital invested in a guaranteed PT is limited to shares deposited without having to account for the personal assets of the owners of PT.
In terms of business fields, based on certain laws a business entity is required to be a legal entity in terms of carrying out business activities such as Banks, Hospitals, organizers of formal education units, Travel Agencies. In terms of investment, companies whose capital comes from foreign parties (PMA), the business entity is obliged to form a legal entity, namely a limited liability company.
In terms of prestige, the name PT is exclusively owned by the PT and certainly no other company uses the exact name of your PT. Before the PT Name is used, the name and order name will be used first. In addition, using a PT Legal Entity also makes it easy to apply for credit at a bank, take part in a tender, create a bona fide impression and be more trustworthy.
In other words, PT are legal entities that are most suitable for commercial business interests and for more professional business activities
- Business Entity is not a Legal Entity
In the form of this business entity, there is no separation between the wealth of the business entity and the wealth of the owner. Business entities that are not legal entities used for business consist of:
- Commander Association (“CV”)
Consists of Active Pioneers and Passive / Commander Powers.
Active participants are responsible for personal assets, while passive companies are only responsible for the amount of capital that has been deposited into the CV.
- Firm
Firm is a company established to conduct a business under a joint name.
The members are personally responsible for the Civil Code Alliance.
Firms are generally used by Legal Consultants and Tax Consultants.
- Civil Alliance
The Civil Alliance is established based on an agreement between two people or more commit themselves to put something in the fellowship with the intention of dividing the profits that occur.
The founding allies are personally responsible for the Civil Society Alliance.
Private Partnership business entities are generally used as a forum for Legal Consultants.
Determining a business entity that is in accordance with your business is an initial investment that generates a separate guarantee for your business activities and as a form of compliance with the law’s compliance with applicable regulations.
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