Written by Gio Saputra on 09/07/2024
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.
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The decision to dissolve a Limited Liability Company (LLC) shouldn’t always signal financial distress; various factors can influence this choice. Apart from financial challenges, reasons for dissolution might include disagreements among stakeholders, restructuring within a corporate group, or strategic exits from local markets. It’s crucial to recognize that liquidating a company can be a strategic move rather than a failure.
Company liquidation, as per Indonesian regulations governed by Law Number 40 Year 2007 concerning Limited Liability Company, involves dissolving a company as a legal entity. This process encompasses settling obligations to creditors and distributing remaining assets to shareholders. Initiated when a company ceases operations, liquidation indicates a definitive decision not to resume business in the future.
Foreign Representative Office (KPPA): Foreign representative offices serve promotional purposes, such as trade promotion and marketing, without engaging in commercial transactions like sales or import-export activities.
Foundation: A foundation is a legal entity aimed at achieving specific social, religious, or humanitarian goals. It does not have members and is often used for charitable purposes.
Company dissolution can result from various triggers, including resolutions of the General Meeting of Shareholders, expiration of incorporation periods, court decisions, bankruptcy, or revocation of business licenses. Understanding these triggers is vital as they dictate the legal and procedural requirements for liquidating a company, ensuring compliance with Indonesian laws.
At Putranto Alliance, we specialize in providing comprehensive support for company liquidation, offering expert consultation, strategic planning, procedural guidance, stakeholder representation, resource access, and continuous support. Our team of legal experts tailors personalized solutions to your company’s needs, guiding you through the complexities of the liquidation process while ensuring compliance with regulatory requirements. From developing a customized liquidation strategy to representing your interests in negotiations and interactions, we are committed to simplifying the process and safeguarding your rights.
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