LIABILITY OF AN INDIVIDUAL COMPANY AS A LEGAL ENTITY UNDER INDONESIAN POSITIVE LAW
Abstract
The passing of the UUCK in 2023, which gave birth to a new concept in Indonesia regarding a new type of business entity called an individual company. The existence of an individual company has many pros and cons, because it is only established by one person. In addition, there is a mismatch in the implementation of the separate entity doctrine and limited liability doctrine which requires limited liability for shareholders. This does not guarantee the running of the check and balance function in the company. The type of research uses normative juridical and the data used is secondary data which is divided into primary legal materials and secondary legal materials.The results of the research obtained the first conclusion that the legal entity status of an individual company is obtained because it has fulfilled the formal requirements, namely ratification by the state so that the principle of limited liability can be applied, and secondly the liability of the company is no different from the capital partnership company.
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DOI: https://doi.org/10.24815/sklj.v8i3.40800
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