POSITION OF MICRO AND SMALL ENTERPRISES LIMITED LIABILITY COMPANY REVIEWED FROM LAW NUMBER 11 OF 2020 CONCERNING WORK CREATION

Abstract

This study aims to determine the position of Micro and Small Enterprises Limited Liability Company as regulated in Law Number 11 of 2020 concerning of Job Creation, as well as the way of its establishment and the form of responsibility for the founders of Micro and Small Enterprises Limited Liability Company. This research is a type of normative legal research using a statutory approach method and a conceptual approach. From the results of the study it is concluded that first, the position of Micro and Small Enterprises Limited Liability Company is as an individual legal entity where this Limited Liability Company must reach the criteria for micro and small businesses as stipulated in Government Regulation Number 7 of 2021. Second, the method of establishing Micro and Small Enterprises Limited Liability Company, to Private Company was established based on the provisions of the Job Creation Law and Government Regulation Number 8 of 2021, while for the Company it was established based on the provisions of Law Number 40 of 2008 concerning Limited Liability Companies. Third, the form of responsibility of the founder of Micro and Small Enterprises Limited Liability Company, both before and after being legalized as a legal entity, is the same as the form of responsibility of the Limited Liability Company in general.

Keywords: Position, Micro and Small Enterprises Limited Liability Company

DOI: 10.7176/JLPG/108-10

Publication date: April 30^th 2021