Have a dream to turn your business into a big company? If so, then you should consider setting up a business entity for your business from the start. The selection of an individual business entity, whether it be a Limited Liability Company (PT), CV (Commanditaire Vennootschap), Frima or others, is closely related to other business aspects such as employment, taxes, participation in a tender, and submitting capital to a bank.

With a business entity, a company will have legality in running its business. Business entities can also protect the company from all claims or consequences during its activities. Not only that, companies that are legal entities will clearly provide facilities for other parties to establish cooperation.
How to choose the right type of company for your business? It’s not easy. But you can definitely do it.Here are some of the main factors that you need to consider in determining the type of company or legal entity that is suitable for your business.
1. Limits of responsibility and authority of the owner
Every business entity has certain characteristics in terms of decision making and limits of authority in running a business. And, not all types of businesses have a separation of responsibilities between the owner and the company.
When choosing a Firma or CV, you as the owner must be ready to risk your personal assets if a loss occurs because it is the full responsibility of the owner. It’s different if your company type is a Limited Liability Company (PT). … Read More


