KH friends want to have a business that does not require a lot of capital, flexible in terms of time, product and place? Creating an individual business could be the answer. Well, this article will explore thoroughly starting from the definition, types, and all things related to individual businesses. Check it out carefully. Let’s start with the definition of a sole proprietorship, which refers to a business that is only owned by an individual shareholder. A sole proprietorship usually has a free management information system and no direct intervention or interference from outside parties. Although classified as a simple business, this type of business requires little capital, production and labor. However, with the help of technology, individual businesses are able to generate a lot of income. One of the significant advantages of this type of business is that the owner or manager of the business will get all the profits of his company without dividing it to others. However, sole proprietorships also have to face and bear all business risks in their business activities.
Business Type Individual
After understanding individual businesses conceptually and definitively, we will then enter into a discussion related to the types of individual businesses.
Agricultural Business
Many businesses engaged in this field have been successful, especially with the help of technological developments. For example, online vegetable stores such as Happyfresh, Tanihub, Sayurbox, and others. Not only that, you can also types of businesses such as plant fertilizer production, hydroponic plant businesses, selling agricultural equipment and many more. You can make your agricultural business a promising side job.
Service Business
One of the most popular types of individual businesses in Indonesia. Service businesses are considered more flexible and can adjust to abilities, even this effort may be done without capital. Examples of opportunity ideas for this type of business are as follows:- Salon- Private Tutoring- Laundry- Editor- Photographer
Trading Business
It is an activity of buying and selling goods that aims to make a profit, and this type of business is also most often encountered. Culinary is one of the most famous trade business ideas. Trade business has a very broad business opportunity, you can try in various ways, namely: – Retailer- Agent Sales- Import Export- Dropshipping or Reseller
Small Industry
This industry is almost similar to the type of service business, the difference is in the skills. Small-scale industries are more complex, meaning that the business applies both trade and service management. This business can be done individually because it can be built with a small amount of capital. Apart from capital, small industrial businesses usually have a small number of workers, around 5 – 19 people. To start with, KH pals can do from examples of ideas from small industrial business opportunities, such as Home Industry, Tempe Tofu Production, Wedding Souvenirs, Wood Crafts, Rattan.
PT Creation
After having an individual business, is it better to start considering establishing a Limited Liability Company (PT). Starting a business by establishing a PT will be more protected while getting benefits if it has fulfilled business legality from the start. By converting the business into a PT is also a sign that the integrity of the company has been tested. In fact, the legal aspect of the company is one of the main considerations for potential investors. Even today, many business people choose to establish companies and business licenses from the beginning before fully starting their business. Then what are the benefits of establishing a PT that KH Friend can get?
- State Protected PT Name
This advantage can be seen based on Government Regulation No.43 of 2011 concerning Procedures for Filing and Using Limited Liability Company Names. If there will not be 2 PTs with the same name, then the PT will automatically be protected from harmful actions.
- Capital Consists of Shares
Based on Article 31 paragraph (1) of Law No.40 of 2007 concerning PT (UUPT) states that the capital of a PT consists of the entire nominal value of shares. Ownership of a company in the form of shares will be more flexible for the entry of investors due to the transferable nature of shares.
- Limited Liability
The company owner or shareholder is only responsible to the extent of the capital or shares that have been invested in the company. In contrast to companies that are not legal entities such as civil partnerships, firms or limited partnerships, where if there is a loss and the company’s assets cannot cover the loss, it can be taken from the personal property of the company owner.
PT Establishment Process
In addition to these three benefits, the process of establishing a PT is also fairly easy. There are six processes of establishing a PT that KH can understand, here are the details:
- Established by 1 person (including Shareholders and Directors, no Commissioners)
- Have micro and small business activities
- The founder makes a statement of establishment
- Electronic registration of Individual Companies through the Minister of Law and Human Rights of the Republic of Indonesia
- Arranging NPWP for Individual Company
- Apply for NIB and Business License for Individual Company
KH Contact
Even if KH Friend is still confused and has a myriad of questions related to individual PT, making PT, establishing a business entity, or establishing a PT, KH Friend can contact Kontrak Hukum here https://kontrakhukum.com/pendirian-badan/ which provides a service package for making PT without complicated and also does not use expensive. Kontrak Hukum also provides a service package that makes it easy for KH Pals if they want to open an Individual PT, as well as a BCA account to facilitate the smooth running of the business with prices starting at 2 million. You can go to this link https://kontrakhukum.com/pendirian-badan/#ptperseorangan for more information. All services offered by Kontrak Hukum are of a high standard carried out by legal and notaries officially. We have been trusted by more than 5,000 MSMEs, Incubators, Accelerators and also selected as government partners. If you still need consulting services in understanding the procedures, requirements, or other questions related to the establishment of PT, you can directly contact us at the following link Tanya KH, or you can also Direct Message (DM) on social media Kontrak Hukum at @kontrakhukum.
