Legal Aspect of Individual Company for Micro and Small Business in Omnibus Law on Job Creation

DOI

10.2991/assehr.k.211112.001How to use a DOI?

Keywords

Single Shareholder; Limited Liability Company; Law on Job Creation; Micro and Small Enterprises

Abstract

The Job Creation Act (UU CK) has legal implications for the content of a large number of laws. Sole proprietorships have expanded the meaning of Limited Liability Companies by presenting the Sole Proprietorship model which has given birth to a number of contradictions in the basic concept of Limited Liability Companies. The formulation of the problem in this study is how the legal aspects of a sole proprietorship are for micro and small businesses and the implementation of the Employment Act. Normative research using qualitative methods. A sole proprietorship is a legal entity. The fundamental difference between the two is in terms of share ownership, where a Limited Liability Company may not have a single share, while a sole proprietorship may not have more than one shareholder. There are exceptions to the rule for individual companies that meet the criteria for micro and small businesses. Regarding the change of status from a sole proprietorship to a limited liability company, GMS, and Capital. There need to be regulations that regulate and guarantee convenience for individual companies which are feared to cause vulnerabilities in business continuity, given the absence of a credible enough authorized capital guarantee for third parties and individual status which will hinder investment and the sanctions given. Massive socialization and literacy must be carried out by the government regarding individual companies. There needs to be regulations that regulate and guarantee convenience for individual companies which are feared to cause vulnerabilities in business continuity, given the absence of a credible enough authorized capital guarantee for third parties and individual status which will hinder investment and the sanctions given. Massive socialization and literacy must be carried out by the government regarding individual companies. There need to be regulations that regulate and guarantee convenience for individual companies which are feared to cause vulnerabilities in business continuity, given the absence of a credible enough authorized capital guarantee for third parties and individual status which will hinder investment and the sanctions given. Massive socialization and literacy must be carried out by the government regarding individual companies.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Nevey Varida Ariani
AU  - Maria Lamria
AU  - Fuzi Narindrani
PY  - 2021
DA  - 2021/11/23
TI  - Legal Aspect of Individual Company for Micro and Small Business in Omnibus Law on Job Creation
BT  - Proceedings of the 2nd International Conference on Law and Human Rights 2021 (ICLHR 2021)
PB  - Atlantis Press
SP  - 1
EP  - 7
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211112.001
DO  - 10.2991/assehr.k.211112.001
ID  - Ariani2021
ER  -