ANALYSIS OF THE APPLICATION OF THE PIERCING THE CORPORATE VEIL DOCTRINE TO THE LIABILITY OF INDIVIDUAL CORPORATIONS
DOI:
https://doi.org/10.33603/hermeneutika.v9i2.10055Keywords:
Companies, Individual Companies, MSMEsAbstract
T
Micro and Small Enterprises in Indonesia necessitate assistance in establishing a favorable business environment. The Government has initiated the implementation of an Individual Company policy, a regulatory advancement for commercial entities, designed to enhance national economic development significantly. The introduction of individual enterprises under the Job Creation Law is anticipated to expedite Indonesia's economic growth. The employed research approach is normative juridical, supplemented by interviews. The findings suggest that the existence of individual firms is intricately linked to Law No. 11 of 2020 and Law No. 6 of 2023, which establish limited liability via the one-tier board system inside their corporate structures. In Bali Province, the implementation for MSME players has not seen substantial development; MSME entrepreneurs continue to utilize Cooperatives as their legal structure to support their enterprises.
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