skip to main content

EXISTENCE AND CHARACTERISTICS OF SOLE PROPRIETORSHIP IN INDONESIA

*Aliza Madina Putri  -  Faculty of Law, Universitas Diponegoro, Indonesia
Paramita Prananingtyas  -  Faculty of Law, Universitas Diponegoro, Indonesia
Open Access Copyright (c) 2022 Diponegoro Law Review under http://creativecommons.org/licenses/by-nc-sa/4.0.

Citation Format:
Abstract

Sole proprietorship is the simplest business form and most used for Micro, Small and Medium Enterprises that has been dominating Indonesia’s economy. Sole proprietorship wasn’t a legal entity, therefore it has an unlimited liability. This become a consideration for entrepreneurs when they start a business. The issue discussed the existence and characteristics of sole proprietorship in Indonesia after Law 11/2020. This is a normative juridical research through a statutory and conceptual approach. The purpose of this research is to explain the characteristic of sole proprietorship in Indonesia and compares it with other Asian countries. The result indicates that sole proprietorship based on Law 11/2020 is a new legal entity as the concept expansion of Limited Liability Company with a limited liability that meets the criteria of micro and small business. It provides legality for entrepreneurs and a facility to access sources of funding. The regulation that determines sole proprietorship as a legal entity is only adopted by few countries like India.

Fulltext View|Download
Keywords: Sole Proprietorship; Limited Liability; Legal Entity

Article Metrics:

  1. Arief, Anggreany, and Rizki Ramadani. “Omnibus Law Cipta Kerja Dan Implikasinya Terhadap Konsep Dasar Perseroan Terbatas.” Al-Adalah: Jurnal Hukum Dan Politik Islam 6, no. 2 (2021): 106–20
  2. Bank, The World. “Small And Medium Enterprises (SMEs) Finance: Improving SMEs’ Access to Finance and Finding Innovative Solutions to Unlock Sources of Capital.” Accessed January 18, 2022. https://www.worldbank.org/en/topic/smefinance
  3. Efendi, Jonaedi, and Johnny Ibrahim. Metode Penelitian Hukum Normatif Dan Empiris. Depok: Prenadamedia Group, 2016
  4. Harahap, Yahya. Hukum Perseroan Terbatas. Jakarta: Sinar Grafika, 2016
  5. Heriawan, Andi Rahmat. “Studi Perbandingan Perusahaan Perseorangan (Sole Proprietorship) Dan Koperasi (Cooperative) Pada Negara Laos & Indonesia.” JISIP (Jurnal Ilmu Sosial Dan Pendidikan) 4, no. 4 (2020). https://doi.org/10.36312/jisip.v4i4.1482
  6. Januarita, Ratna. “The Newly Sole Proprietorship as Limited Liability Company in Recent Indonesian Company Law.” MIMBAR : Jurnal Sosial Dan Pembangunan 37, no. 1 (2021): 1–12. https://doi.org/10.29313/mimbar.v37i1.7771
  7. Khairandy, Ridwan. “Karakter Hukum Perusahaan Perseroan Dan Status Hukum Kekayaan Yang Dimilikinya.” Jurnal Hukum Ius Quia Iustum 20, no. 1 (2013): 81–97. https://doi.org/10.20885/iustum.vol20.iss1.art5
  8. Muhammad, Fahrurozi. “Mendukung Kemudahan Berusaha Bagi Usaha Mikro, Kecil, Dan Menengah Berbadan Hukum Dengan Gagasan Pendirian Perseroan Terbatas Oleh Pemegang Saham Tunggal.” Jurnal Rechts Vinding: Media Pembinaan Hukum Nasional 7, no. 3 (2018): 445. https://doi.org/10.33331/rechtsvinding.v7i3.293
  9. Pangesti, Shinta. “Penguatan Regulasi Perseroan Terbatas Perorangan Usaha Mikro Dan Kecil Dalam Mendukung Pemulihan Ekonomi Masa Pandemi Covid-19.” Jurnal Rechts Vinding 10, no. April (2021): 117–31
  10. Patel, Bhavna P. “One Person Company : Recent Trends in Business.” International Journal of Research and Analytical Reviews 3, no. 1 (2016)
  11. Perbendeharaan, Direktorat Jenderal. “Majalah Treasury Indonesia.” Kementerian Keuangan Republik Indonesia. Jakarta, 2022
  12. Pratiwi, Wiwin Budi. “Individual Companies as New Legal Entities in Law Number 11 of 2020 on Job Creation.” Nurani Hukum 4, no. 1 (2021): 9. https://doi.org/10.51825/nhk.v4i1.11266
  13. Rissy, Yafet Yosafet W. “Doktrin Piercing the Corporate Veil: Ketentuan Dan Penerapannya Di Inggris, Australia Dan Indonesia.” Refleksi Hukum: Jurnal Ilmu Hukum 4, no. 1 (2019): 1–20. https://doi.org/10.24246/jrh.2019.v4.i1.p1-20
  14. Rittenberg, Julia, Jane Haskins, and Rob Watts. “What Is A Sole Proprietorship?” Forbes Advisor, 2022. https://www.forbes.com/advisor/business/what-is-a-sole-proprietorship/
  15. Santoso, Budi. “Existence of Sole Proprietorship in Business Activities in Indonesia.” International Journal of Scientific and Technology Research 9, no. 1 (2020): 1646–49

Last update:

No citation recorded.

Last update: 2024-04-21 08:57:47

No citation recorded.