PARTNERSHIP LEGAL FORM IN INDONESIA AND ITS COMPARASION IN MALAYSIA
DOI:
https://doi.org/10.25041/cepalo.v4no1.1913Abstract
Company can be distinguished by its entity, such as legal entity and non-legal entity. In Indonesia, a legal entity company can be a PT and cooperative. Whereas, a non-legal entity company can be in a form of a Firm (Fa) or Comanditaire Vennootschap (CV). The rules about the Partnership can be found in KUHPerdata and KUHD. Just like in Indonesia, the legal form of a Malaysian company known by the several forms of business entity, such as seperti Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Private Limited Company/SendirianBerhad (Sdn Bhd), dan Public Limited Company/Berhad (Bhd). Partnership in Malaysia has a lot of similarities like in Indonesia. The similarities can be seen from each country’s article. Also LLP can be said as a CV in Indonesia, where it found and regulated in Partnership Act 2012 Malaysia. There are also the difference about Partnership’s legal forms and regulation between Indonesia and Malaysia. The laws that they used are different, the Partnership is regulated in 1961 Partnership Act meanwhile for the Limited Liability Partnership (LLP) is regulated in 2012 Limited Liability Act. Problems: How is the Partnership Legal Form that applies in Malaysia? How is the comparison between Partnership and Limited Liability Partnership (LLP) in Malaysia?And How is the Partnership’s comparison in Malaysia and Indonesia based on its regulation? This legal research uses a normative research method with a comperative approach. The data used are secondary data obtained from primary, secondary and tertiary legal material. The data collected through the study of literature and documensts and processed systematically to get a general picture of the results of the research.
The result showed that Partnership regulates the company traditionally by wanting to make a profit. While in LLP, this is a little bit different because LLP itself a combination between a partnership and a company. The laws used are also different. The Partnership is regulated in the 1961 Partnership Act and the LLP is regulated in the 2012 Limited Liability Act. The difference about the legal form between these country can be seen from the regulation in each country, where Indonesia does not have a specific laws regarding this bussiness entity. Thus, the government should make a specific laws so it can be easily understood by business actors like the one in Malaysia.
Keywords:
Company, Liability, Partnership,References
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