In contrast to what often appears in various sites, company incorporation is not an easy task. For your business to grow to what you have planned, a number of decisions have to be taken at the right time and in the right manner. This is besides the procedural open company in Indonesia involved in the entire process. What you first need to ask yourself is whether this is the right type of step for you and your business. Since there are advantages and disadvantages involved, it is important to weigh both.

The main advantage of company incorporation is that as the owner you become eligible to a high limited liability status. The law now starts recognizing that there are distinct company assets and those of the individual, who in this case is you. This therefore means that even in cases where the business starts running into a loss, your personal assets are not endangered. The main disadvantage of this process is that it places upon you an additional burden of statutory controls and taxation. This boils down to the business having to employ a secretary who is going to be responsible for regular keeping of records and books and on time submission of required documents.

Bear in mind that now your business structure is going to determine the number of employees you are going to require, their respective responsibilities and the tax benefits you can avail. This is where input from a competent lawyer comes in handy. Soon after evaluating that this process is suitable for you, you can then start laying the groundwork for its implementation. The first thing you will be required to do is simply make up a business plan.

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