International Journal Reglement & Society (IJRS)
Vol 3, No 2 (2022): May - August

Establishment of a Limited Liability Company in Indonesia

Ibrahim Nainggolan (Universitas Muhammadiyah Sumatera Utara)



Article Info

Publish Date
22 Jun 2022

Abstract

The business world is currently experiencing very rapid development. In carrying out their business, many entrepreneurs choose the form of a Limited Liability Company, among others because: Capital/shares, have assets that are separate from the assets of the shareholders, shareholders have limited liability, there is a separation of functions between shareholders and management or directors, has commissioners. which functions as a supervisor, and the highest power is at the General Meeting of Shareholders (GMS). A limited liability company is a legal entity which is a capital partnership, established based on an agreement, conducting business activities with the authorized capital which is entirely divided into shares, and fulfilling the requirements applied in the law. Regulations in the field of Limited Liability Companies have undergone several changes. Currently, it is regulated in Law Number 40 of 2007 concerning Limited Liability Companies, replacing the previous law, with the aim of being more in line with current legal developments and able to accommodate the needs of the community

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Journal Info

Abbrev

ijrs

Publisher

Subject

Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal Reglement & Society (IJRS) published by BUNDA MEDIA GRUP, is to disseminate information on scientific papers to academics and practitioners who are interested in the field of Law and Social Affairs to accept articles written in English. The determination of the articles to be ...