Companies whose capital is obtained from the sale of shares are called – Creating a business or company in Indonesia is not easy. You must first know what types of companies exist in Indonesia. One type of company in Indonesia is a company whose capital is obtained from the sale of shares. What is the company in question? Check this out.
What is a Limited Liability Company?
Limited Liability Company or PT is a legal business entity with a legal entity whose capital is collected from various shares. Each owner has a share of the number of shares owned by investors. It can be said that the answer from a company whose capital is obtained from the sale of shares is a Limited Liability Company.
To be able to build a Limited Liability Company, there are at least two or more people who make an agreement that is legalized by a notary to create a company. The notary will later make a company deed which must be ratified by the Ministry of Law and Human Rights.
Characteristics of a Limited Liability Company
Each company has certain characteristics, both specific and general. There are several characteristics or characteristics of a Limited Liability Company. The following are some of the characteristics of a Limited Liability Company:
- Limited Liability Company does not get any facilities from the state.
- A Limited Liability Company was established to seek profit and has two functions, namely an economic function and a commercial function.
- Each shareholder in a Limited Liability Company is responsible for the company as much as the capital that has been invested in the company.
- The distribution of share profits in a Limited Liability Company will be divided in the form of dividends.
- The highest power in a Limited Liability Company will be determined through the GMS or General Meeting of Shareholders.
There are many other characteristics of a Limited Liability Company, but the 5 characteristics above are the characteristics that make it easier for you to identify a Limited Liability Company.
Types of Limited Liability Companies
There are at least 6 types of Limited Liability Companies that have their own uniqueness. For clarity, the following is an explanation of the types of Limited Liability Companies:
Public Limited Liability Company
A Public Limited Liability Company or commonly known as TBK is a company that has an IPO or Initial Public Offering. The existing capital deposit system in the company can be done by the general public. This Limited Liability Company will sell its shares to the public through the capital market. Examples of Public Limited Liability Companies are BCA and Telkom Indonesia.
Limited Liability Company
A Closed Limited Liability Company is very different from a Public Limited Liability Company because this company does not carry out buying and selling activities for the general public. Capital from a Limited Liability Company is obtained through family and relatives. Examples of Closed Limited Liability Companies are the Bakrie Group and the Salim Group.
Empty Limited Liability Company
Empty Limited Liability Company is a company that has obtained permits but no activities have been carried out for the company. Examples of Empty Limited Liability Companies are PT Adam Air and Bayur Air.
Sole Proprietorship
Sole Proprietorship Limited Liability Company is a company whose shares are only held by one person. This person has the role of director of the company and controls the GMS.
Domestic Limited Liability Company
Domestic Limited Liability Company is a company that carries out the operational activities of a domestic company. The rules used also apply domestically.
Foreign Limited Liability Company
Foreign Limited Liability Company is a company that carries out the company’s operational activities in another country. The rules used will be in accordance with the country where the PT is established.
Well, now you know what companies whose capital is obtained from the sale of shares. There is much more you can learn about Limited Liability Companies. Hope it is useful.
