A business feasibility study is an activity carried out to determine whether a business is feasible or not. This activity includes identifying problems, opportunities, determining goals, describing how the business situation is, and assessing the various benefits generated. Although for some laymen or business people this business feasibility study may sound unfamiliar, this study plays an important role in determining the success of a business. Therefore, it is better if business people understand the ins and outs of this activity in advance. When conducting a feasibility study, there are several aspects that must be examined, one of which is the legal aspect. Where this concerns all matters relating to legality or legal provisions in establishing a company or business. Where based on legal aspects, a business is declared feasible if the business idea is in accordance with legal provisions and is able to meet all licensing requirements in the region.
Business Feasibility Study Essentials
Regarding the legal aspects, there are several things that are analyzed in a business feasibility study, namely:
Taxpayer Identification Number (NPWP)
NPWP is an administrative requirement that not only needs to be owned by individuals, but also business entities to carry out their rights and obligations in terms of taxation. To get an NPWP, you can take care of it online through the http://ereg.pajak.go.id/daftar page by including several required documents such as KTP, business entity establishment deed, and participation letter using materaid from one of the authorized parties in the business entity.
Deed of Establishment from Notary
A deed of establishment that has been notarized can show the legality of a business in the eyes of the law and proof of the entrepreneur in business ownership. With this document, it means that you have complied with the applicable regulations and legality so that you can develop your business more widely. This deed of establishment will also provide clarity on the legal status of business ownership and can avoid unwanted things. To make it, you only need to need a KTP, NPWP, office photo, and Company Domicile Certificate (SKDP).
Trade Business License (SIUP)
SIUP is a license that is issued specifically to every business actor, ranging from small-scale businesses, to global scale businesses doing business in Indonesia. Every business that takes care of and has a SIUP directly and indirectly gets full recognition of the legal legality of its business. When taking care of SIUP, there are several required documents that you must prepare, namely KTP, NPWP, company establishment deed, and others.
Company Registration Certificate (TDP)
A TDP is a list of official company records containing matters that must be registered by a business entity and authorized by an authorized regional official. Every business entity that is established and runs its business must have a TDP. To make a TDP letter, business actors can visit the local service office and fill out the form by bringing the required documents, such as the Deed of Establishment, Trade Business License (SIUP), identity card, NPWP, and others.
Objective To understand the legal aspects of business feasibility study
After understanding what things you should pay attention to in analyzing the legal aspects of a business feasibility study, of course you also need to know what the purpose of these activities is. Specifically, understanding the legal aspects of a business feasibility study aims to:
- Analyze the business activities that will be carried out
- Analyze the appropriateness of the form of legal entity with the business idea to be implemented
- Analyze the ability of the proposed business to meet licensing requirements.
- Analyze the guarantees that can be provided if the business is financed with a loan.
Benefits of Legal Aspects in Business Feasibility Study
As mentioned, a feasibility study is something that needs to be done when starting a business, including its legal aspects. This is because there are many benefits that will be obtained by conducting a business feasibility study on the legal aspect. Some of these benefits are:
- Minimize the risk of loss
When running a business, there are many things that cannot be predicted. Therefore, business people need to prepare everything to anticipate all things that happen in the future. By analyzing feasibility studies, especially related to legal aspects, business people can minimize the risks that occur in the company, especially those related to law.
- Simplify business planning
When conducting a business feasibility analysis, business people will get all the information related to the business to be pioneered including the advantages and disadvantages of the business. Not only that, thanks to the feasibility analysis carried out, business people can plan activities that can provide benefits to the company.
- Streamline business execution
By understanding the legal aspects of business feasibility, previously planned programs can be executed more easily and accurately because the business we are running is guaranteed legal protection. So that business people do not need to worry about the legality of the company in the eyes of the law and can then do business and develop it. In fact, with the existence of legality documents, the business that is being undertaken also has the potential to get assistance from the government. This will certainly make business development faster.
- Simplify control
In running a business, it is undeniable that business people sometimes encounter problems and deviations. So that the problem does not become bigger, business people must be able to control the problem quickly and precisely. This can be realized if previously the businessman conducts a feasibility study, especially in the legal aspect. Where with the existing legality documents, it can be a legal protection in case of unwanted problems in the future. This is an explanation of the importance of legal aspects in business feasibility studies. The most important thing in a business feasibility study is that you must take care of and have various legality documents for your business needs. With the existence of legality documents as part of analyzing the legal aspects of business feasibility, you indirectly support the development of the business that you will run later. Not only that, the legality documents are also useful so that in the future the business to be implemented does not encounter legal and licensing problems.
KH Contact
Processing legal documents for business purposes is no longer difficult to do. To take care of it quickly and easily, you can contact Kontrak Hukum. Kontrak Hukum provides general licensing services needed, such as NPWP, NIB, location permit, SIUP, and company establishment deed. For more details, immediately visit the page https://kontrakhukum.com/memulai-usaha/ or contact Kontrak Hukum via the following link Ask KH and Direct Message (DM) to Instagram social media @kontrakhukum.
