What You Need to Know About Individual Companies

Since the enactment of the Job Creation Law, more entrepreneurs are opting to establish Sole Proprietorship Companies (Individual Companies). According to this law, a Sole Proprietorship Company is a limited liability company founded by a single individual who acts as both the shareholder and Director to meet the requirements as a micro or small business.
Since the enactment of the Job Creation Law, more entrepreneurs are opting to establish Sole Proprietorship Companies (Individual Companies). According to this law, a Sole Proprietorship Company is a limited liability company founded by a single individual who acts as both the shareholder and Director to meet the requirements as a micro or small business.

What You Need to Know About Individual Companies

Since the enactment of the Job Creation Law, more entrepreneurs are opting to establish Sole Proprietorship Companies (Individual Companies). According to this law, a Sole Proprietorship Company is a limited liability company founded by a single individual who acts as both the shareholder and Director to meet the requirements as a micro or small business.

 

Though the establishment process is simpler, Sole Proprietorship Companies have several obligations that must be complied with. In this article, we will discuss some of the main obligations that must be fulfilled by Sole Proprietorship Companies.

 

One of the main obligations of a Sole Proprietorship Company, whether classified as micro or small business, is to prepare and report annual financial statements to the Ministry of Law and Human Rights through the “AHU Perseroan Perorangan” application. According to Article 10 of Government Regulation Number 8 of 2021, these financial statements must at least include the Balance Sheet, Profit and Loss Statement, and Notes to the Current Year’s Financial Statements. Reporting must be done no later than 6 months after the end of the accounting period.

 

Failure to comply with financial reporting obligations can result in serious sanctions, such as written warnings, suspension of Online Single Submission (OSS) access rights, to revocation of legal entity status.

 

Additionally, Sole Proprietorship Companies classified as small businesses are also required to report Investment Activity Reports (LKPM) every 6 months. Reporting must be done no later than the 10th of July for Semester I and the 10th of January for Semester II, based on Article 32 paragraph (6) letter a of BKPM Regulation 5/2021. Sanctions for non-compliance with LKPM reporting include written warnings, temporary suspension or freezing of business activities, to revocation of business licenses or NIB.

 

Apart from reporting obligations, Sole Proprietorship Companies must also pay attention to changes in status that may occur. If a Sole Proprietorship Company has exceeded certain criteria, such as having more than one shareholder or not meeting the micro and small business criteria, then it is required to change its status to a regular PT. The status change process involves drafting a status change deed that must be electronically registered with the Ministry of Law and Human Rights.

 

Lastly, Sole Proprietorship Companies also have tax obligations to comply with. This includes collecting and depositing VAT and Luxury Goods Sales Tax on taxable goods and services transactions, issuing tax invoices, reporting VAT Periodic Tax Returns, and uploading e-Invoices according to applicable regulations. Failure to comply with tax obligations can result in sanctions, such as inability to register Online Single Submission (OSS), tarnished company image and credibility, financial management difficulties, to revocation of business licenses or NIB.

 

By understanding and complying with these obligations, Sole Proprietorship Companies can smoothly run their businesses, support business growth, and maintain business sustainability in an increasingly competitive market.



Are You Still Confused About Individual Companies?

CLICK THE BUTTON ON THE RIGHT TO ASK OUR TEAM.

Artikel Lainnya
Legalku made it a breeze to register trademarks and copyrights for my brand. Their tools were straightforward, and they walked me through each step. Plus, their database helped me make sure my ideas were unique and protected.
Intellectual Property

Legalku User Stories

Legalku has been a game-changer for me. Their easy-to-use platform, expert support, and affordable prices have made protecting my ideas a breeze. If you’re a startup like me, I highly recommend giving Legalku a try.

Baca »
Izin Penyelenggara Sistem Elektronik (Izin PSE) adalah izin yang diperlukan bagi perusahaan atau entitas yang menyediakan layanan sistem elektronik di Indonesia. Izin ini diatur berdasarkan Undang-Undang Nomor 11 Tahun 2008 tentang Informasi dan Transaksi Elektronik (UU ITE) serta peraturan pelaksanaannya. Dalam UU ITE, penyelenggara sistem elektronik adalah entitas yang menyediakan layanan sistem elektronik, seperti platform e-commerce, layanan aplikasi, portal berita online, dan layanan elektronik lainnya. Izin PSE diperlukan untuk memastikan bahwa penyelenggara sistem elektronik tersebut memenuhi standar keamanan, melindungi data pengguna, dan mematuhi ketentuan hukum yang berlaku.
Bisnis

Izin PSE (Penyelenggara Sistem Elektronik)

Secara umum, waktu pelaporan untuk PSE biasanya dilakukan secara berkala, seperti bulanan, triwulanan, atau tahunan. Pelaporan ini dapat mencakup informasi tentang transaksi, keuangan, kepatuhan peraturan, perlindungan konsumen, keamanan data, dan aspek lain dari operasi PSE.

Baca »
Merek (brand) adalah suatu identitas unik yang terkait dengan suatu produk, layanan, atau perusahaan. Merek mencakup elemen-elemen seperti nama, logo, desain, citra, dan pengalaman pelanggan yang berkontribusi untuk membentuk persepsi dan asosiasi terhadap suatu entitas dalam benak konsumen.
Uncategorized

Protokol Madrid: Solusi Daftar Merek Internasional Anti Ribet

Merek (brand) adalah suatu identitas unik yang terkait dengan suatu produk, layanan, atau perusahaan. Merek mencakup elemen-elemen seperti nama, logo, desain, citra, dan pengalaman pelanggan yang berkontribusi untuk membentuk persepsi dan asosiasi terhadap suatu entitas dalam benak konsumen.

Baca »
Semua Layanan Legalku
LegalDoc

Buat Dokumen Praktis

LegalBizz

Urus Legalitasmu

IUMK

Izin Usaha Praktis

Merek

Terdaftar & Terjamin

Edar BPOM

Aman & Terjamin

PIRT

Majukan Usahamu

Izin PSE

Praktis & Mudah

Izin Apotek

Dapatkan Izinmu

Retainer Legal

Oleh Staf Profesional

Retainer ENP

Menjamin Kemulusan Usahamu

Pajak

Mudah & Aman

Kitas

Untuk Izinmu

Sworn Translator

Penerjemah Tersumpah

PT Singapura

Handal & Terjangkau

PT Perorangan

Untuk Usaha Lebih Aman

Pendirian PT

Majukan Usahamu

Sertifikat Halal

Untuk Usahamu Terjamin

LKPM

Pelaporan Praktis

LegalSIstance

Cepat & Membantu

Sertifikat Standard

Buat Izin Uusahamu

Founders Agreement

Buat Mudah Usahamu

PT PMA

Investor Asing

Agreement

Buat Kesepakatan

Shareholder Agreement

Tidak Perlu Repot

Legal Checkup

Cek Izin Usahamu Disini

NIB

Mulai Izin Usaha

Legalku Q&A
Pendirian PT

PMDN – PMA

Drafting Agreement

Drafting Agreement

Terkait Investasi

Legalitas Terkait Investasi

Izin Usaha

Legalitas Izin Usaha

HKI

Hak Kekayaan Intelektual

Legal Due Diligent

Majukan Usahamu

Lainnya

Lihat Semua Knowledge Hukum

Voucher Form

Dapatkan voucher potongan harga dengan mengisi form berikut.

*Setelah mengisi Form diatas, kami tidak akan lagi mengirim Pop-Up ini kepadamu :)
*Oh iya Tenang, kami tidak akan melakukan SPAM kok
Check Keabsahan Legalitas

Berdasarlan PP No. 43 Tahun 2011 tentang Tata Cara Pengajuan dan Pemakaian Nama Perseroan Terbatas minimal 3 kata dan dilarang menggunakan bahasa asing. Untuk PT Perorangan juga berlaku ketentuan yang sama.

Format Penulisan: HURUF BESAR.
Contoh: PT LEGALKU DIGITAL TEKNOLOGI