Did you know that businesses in the form of a Limited Liability Company (PT) are more desirable? The answer is simple, because the establishment of PT can be done by 1 person, and its status as a legal entity there is a separation of responsibilities and assets between the owner and the company.
PT itself is a legal entity that functions to carry out business activities with authorized capital in the form of shares. All PT activities have been regulated in Law No.40 of 2007 concerning Limited Liability Companies (UUPT). Thus, an Individual PT based on the Job Creation Law is a PT established by 1 person as a shareholder who also acts as a director to fulfill the provisions of micro and small businesses.
Before the existence of the Job Creation Law, a Limited Liability Company (PT) was established on the basis of an agreement with a Notary Deed, so a PT must be established by 2 or more people. After the enactment of the Job Creation Law, it can only be established by 1 person or known as an Individual Limited Liability Company.
This may make Friend KH confused about the difference between an Individual PT and an Ordinary PT.
Difference between an Individual Company and a Regular Company
The following are the basic differences between an Individual PT and an Ordinary PT, which KH Friend must understand, such as: :
Definition Based on Permenkumham No. 21 of 2021
Based on the above rules, an Individual PT is an individual legal entity that meets the criteria of micro and small businesses, as stipulated in the laws and regulations regarding micro and small businesses.
Meanwhile, an ordinary PT is a legal entity of capital alliance established based on an agreement and conducts business activities with authorized capital which is entirely divided into shares.
Founder of PT
For Individual PTs, the founder must be an Indonesian citizen, a private person and only 1 founder. Then for ordinary PTs, it can be established by Indonesian citizens, foreigners, and at least 2 founders.
Capital
For Individual PTs, the capital is agreed by the founders and does not exceed a maximum of 5 billion rupiah, while the capital of Ordinary PTs is in accordance with the agreement of the founders and there is no limit.
Business Expansion
Individual PTs can only be conducted by 1 person once a year based on the Job Creation Law Article 153 E, and for ordinary PTs there are no provisions governing.
Establishment of PT
The establishment of an Individual PT is done without a notarial deed, only filling out the establishment statement form. However, a notarial deed is required for the establishment of a regular PT and is written in Bahasa Indonesia.
Establishing an Individual PT will certainly be very beneficial for your business activities, such as the name of the PT is protected by the state, limited liability, more credible, and there are several other benefits that you should consider, such as:
Wide Choice of Business Fields
Some business activities require a PT-shaped company in order to obtain a license to run a business. For example, technology-based money lending, restaurants, and others.
Imposition of Income Tax Rate
Based on Government Regulation No.23 Year 2018 on Income Tax on Income Received or Obtained by Taxpayers with Certain Gross Distribution, it is regulated that the income tax rate is 0.5% of certain gross income.
Easy PT Establishment Process
Still don’t believe that establishing a PT is easy and hassle-free? Come on! Let’s go through the requirements and conditions for establishing a PT, especially for Individual PTs.
- Individual Company Establishment Requirements
- Make a statement letter for the establishment of a PT in accordance with the format in the attachment to PP No. 8 of 2021 concerning MSE Capital.
- Individual PTs are established by only one person.
- Established by Indonesian citizens by filling out the establishment requirements in Indonesian.
- Have a capital of 0-5M (Micro and Small Scale)
- Indonesian citizens must also meet the requirements, namely, must be at least 17 years old and legally capable.
- Terms of Establishment of Individual Company
- ID card and NPWP of the Founder.
- PT address (if located in Jakarta, it must fulfill the zoning requirement).
- Statement of Establishment of Individual Company, which consists of:
- Name and domicile of the Individual Company.
- Period of establishment of an Individual Company.
- Purpose and objectives and business activities of the Individual Company.
- Nominal value and number of shares.
- Individual PT Address, and
- Full name, place and date of birth, occupation, residence, NIK, and tax identification number of the founder as well as the director and shareholder of the Individual PT.
KH Contact
Well, for KH Pals who want to establish an individual PT but do not understand the requirements and steps, don’t worry there is a Legal Contract that can help solve KH Pals’ problems.
At Kontrak Hukum, there is a service for making an Individual PT that makes it easy for you to establish an Individual PT with a variety of PT making service packages without hassle and according to your needs. KH friends can learn at this link https://kontrakhukum.com/pendirian-badan/ .
The service package for making an individual PT at Kontrak Hukum starts at only 2 million, including the company deed and also the SK Kemenkumham. Very profitable, right? This certainly saves you time as a businessman, who does not need to bother taking care of all registration licenses. Just wait, everything will be done and safe.
If you still need consulting services in understanding the procedures, requirements, about establishing a PT or other business issues, please contact us immediately via Tanya KH. You can also send a Direct Message (DM) on social media Kontrak Hukum @kontrakhukum.
