Business and TradePolitics and Legal

For your business to be successful – you need company registration.

As a business owner, you will always be striving to be able to conduct any business easily and to not have to deal with any red tape or hurdles along the way. If you are starting up a new business then you are to be congratulated for that but it is important that you know that there are various procedures that need to be followed in order for your new business enterprise to get off to a strong start. Many people incorrectly think that it’s best to trade as a sole trader because this will provide them with the protection that they need. This couldn’t be further from the truth because as a sole trader your personal assets are at risk if your business doesn’t go as planned.

This is why when it comes to new business formation in Indonesia that you talk to the relevant service provider to make sure that your business does not run into any trouble a little further down the road. The first thing that they would advise you to do is to get your company registered as soon as possible so that you may enjoy the many benefits that come from that. It doesn’t make sense to try to cut corners now when you have worked so hard to get to work and so the following are just some of the benefits of registering any new business in Indonesia.

  • Your tax payments will be less – Many people wrongfully think that as an individual you will pay less tax but this is in fact not true. It is important that you understand that if you register your company then you will actually pay less taxes than the person in the street. The reason for this is that the Indonesian government has made it a lot easier to do business there in their country and so they have devised many tax breaks so that you can claim back lots of money that you spend on improving your business structures. If you want to make the right first impression, then be sure to pay your taxes.
  • You have limited liability – As a sole trader you do not have this kind of thing, but as a registered business enterprise, you do. It is important to protect yourself in all situations so that all of the other things that you have worked hard for up until this point in your life are protected and you can still experience business growth. This means that your family assets are safe and that includes your home and the family car. If your business does run into any difficulties a little further down the road and a court order is made against it then they can only come looking for the assets of the business and not any of your personal assets. This is reason enough to get your company registered as soon as you possibly can.

These are only a couple of the reasons why registering your business makes so much sense and there are numerous more. All you need to do now is to talk to your local service provider that provides this kind of service and they can get everything done for you as soon as possible.

The Blogulator

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