Hacker News new | ask | show | jobs
by pascalchristian 5391 days ago
Hi wiradikusuma,

In Indonesia, the only legal entity for a single founder is sole propriatorship. Even a CV would require a partner.

Anyway, if you are approaching for an investment (not a loan) the only possible legal structure in Indonesia is an LLC/PT. A sensible investor would never invest in a CV since then they can not sell their stake without consent from all other stakeholders. Also, I believe there is a market cap of 1B rupiah which does not apply to PT.

Your best bet would be to start a PT with a "borrowed" name i.e. your mom or even better, find a real partner to be a co-founder. Starting a business is hard, if you can get someone to share the burden from you, that would be REALLY helpful.

Disclaimer: I am not a lawyer so do not assume everything I write is 100% correct. Do your job and consult an expert.