Establishing a Perseroan Terbatas (PT) is an important and strategic step for business people who want to take their business to a more formal and structured level. It not only provides security and legality for the company, but also opens the door to more opportunities and access to resources. However, the process of establishing a PT is not always easy. It can take a considerable amount of time, depending on various factors including the complexity of the business, applicable legal provisions, as well as efficiency in handling paperwork and administrative requirements. Therefore, in this article, we will share a series of tips that can help businesses speed up and go through the PT establishment process more efficiently. Curious, right? Check out the explanation until the end!
Overview of PT
Article 1 of Law No. 40 of 2007 defines a PT as a legal entity formed by agreement and capital alliance. PT is a form of business entity that has many advantages so that it is the choice for business people when they want to legalize their business. The various advantages or benefits of establishing a PT include:
- There is protection for personal wealth that is separate from company assets, so that owners do not need to be responsible for company debts with personal property.
- With the legal entity status of PT, the business is considered more trusted by consumers than other businesses.
- PT status makes it easier to apply for credit to banks and other financial institutions, including in participating in tenders due to a clear ownership structure.
Tips for Establishing a PT Easily and Quickly
To establish a PT, business people need to understand a number of requirements as stated in Law No. 40 of 2007 and the Job Creation Law. Later, the establishment of a PT is made at a notary to then get legalization from the Minister of Law and Human Rights (Menkumham), so that it has the status of a legal entity.
READ ALSO: Here’s How and Requirements Needed to Establish a PT
To simplify the process of establishing a PT more quickly, efficiently and safely, here are six tips that need to be done:
Plan the Business Thoroughly
Before starting the establishment of a PT, make a comprehensive business plan. Identify the company’s vision and mission, define the target market, and describe the products or services to be offered. In addition, make realistic financial projections to understand how much capital is required and the estimated revenue that can be generated.
Select PT Name
Choosing the right PT name is important in the process of establishing a PT because the name chosen will become your business identity. In accordance with the provisions contained in the law, naming a PT must be done by following the requirements, among others:
- It is not permissible to use a name that contradicts public facts and norms of decency.
- It is not permissible to use a name that is already legally used by another party or PT.
- It is not allowed to use names that are similar to international institutions, government agencies, or legal institutions, unless permission has been obtained from the relevant institution.
- The name should be written in Latin letters and should match the purpose and business activities of the PT.
Determine PT Structure and Shares
After determining the name of the PT, business people need to determine the structure and number of shares of the company. The organs or structure of a PT consist of the Board of Directors, the Board of Commissioners, and the General Meeting of Shareholders (GMS). Each of these organs has its own capacity and obligations in carrying out company activities.
Prepare the required documents
In the process of establishing a PT, business people will need several important documents. Well, this point sometimes hampers and extends the duration because business people often do not attach these requirements completely. Please note that the required documents in the establishment of a PT include:
- KTP and NPWP of the person in charge of the company
- Address of the PT (if domiciled in Jakarta, it must meet the zoning requirements in accordance with DKI Jakarta Regional Regulation No. 1 Year 2015 concerning Detailed Spatial Plan and Zoning Regulations)
- Establishment statement letter in accordance with the format in the attachment of PP No. 8 of 2021, which contains the name and place of domicile, period of time, purpose and objectives, amount of authorized capital, issued capital, and paid-up capital, as well as personal data of the founders of PT.
PT Licensing
After the required documents are complete, the business actor can make a notarial deed for the establishment of the PT. Later, after obtaining approval from the MOLHR, the PT will obtain legal entity status. However, it is important to remember that businesses also need to take care of other licensing documents to be able to operate. To shorten the time, businesses can send them online via Online Single Submission (OSS). The administration and licensing documents include articles of association, NIB, SIUP, and other standard certificates. This process is done to ensure that the established PT operates legally and legitimately.
Use PT Establishment Services
The last tip in establishing a PT quickly and efficiently is to use PT establishment services. It cannot be denied that establishing a PT can be a complicated and time-consuming process, especially if the businessman is not experienced in this matter. Therefore, to simplify the establishment process, there is nothing wrong with using PT establishment services provided by consulting companies or legal experts.
READ ALSO: Jangan Asal!
This service will assist you in taking care of all the requirements of establishing a PT, including document management, licensing process, and legal consultation needed.
KH Contact
If you want to use the services of establishing a PT, KH Friend can contact Kontrak Hukum. Why us?
- All services are performed to a high standard by authorized and experienced legal professionals and notaries.
- Trusted by more than 5,000 MSMEs and companies in Indonesia in meeting business needs
- Data and information are secured and protected
- Starting from only IDR 2 million, the establishment of a PT includes legal documents such as SK, NIB, OSS, NPWP, and business address.
- Immediate access to free consultation services with available professionals
Let’s establish a PT quickly, efficiently and safely by visiting the KH Services – Establishment of PT page. If you have questions about other business entities, you can also contact us at Ask KH or send a direct message (DM) to Instagram @kontrakhukum.
