Running an Indonesian PT: Basic Licenses and Hiring

We are currently running a series on the basics of establishing a company in Indonesia. The articles are written by Bakhtiar Yusuf, Managing Partner at Loys & Co. The first part of the series which discussed about the creation of a legal entity for a company was published last week. This week the topic is on acquiring business licenses and hiring employees.

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Establishing an Indonesian PT (LLC): A Practical Perspective

Your business is growing, and you need to establish a company for taking your business to the next level. what should you do? First and foremost, you should ask yourself: Do you really need to establish a company? Why you should establish a company when you can run the whole business with your name as a sole proprietorship (or in Indonesian legal term, Usaha Perseorangan)?

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A Leap of Faith: The Most Important Ingredient When Working With a Startup Company

If there’s anything that I’ve learnt from my 3-year working with Fashionese Daily is that working with a startup company requires one big thing: a leap of faith. Why? Unlike any big businesses that are already established you would be starting with the minimum – space, manpower, resources and even network. It’s also part and partial due to the fact that whatever it is that you want and expected of you is merely a “dream” and nothing really concrete like being a part of established company where everything is already measurable.

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