Company Closure Management Services

Business is an activity that does not always generate profits, but can also potentially result in losses. When losses occur over a long period of time, it is not impossible that in the end the business will have to be willing to be eroded and go out of business. If it's like this, the business owner will take the final action, namely arranging to close the company because it cannot continue operations again. Anyway, closing a company or what is called lock-out, the Limited Liability Company Law states that this is the basic right of every entrepreneur. It's just not a lock-out so there is no justification if this is done by the company in response to the normative demands of the workers.

Likewise with companies that serve public needs, for example, clean water network services, hospitals, telecommunications control centers, electricity providers, oil and gas processing and even trains. The trigger factor for the closure of the company was that there was no longer any interest or enthusiasm or intention to continue its business activities which previously formed the background to the founding of the company.

In business channels, of course company closure will always be related to company closure activities as part of the law or what is called liquidation. In this process, business people or company owners need to make payments on obligations to creditors and distribute assets to share owners. In Indonesia, the process of closing a company is the same as establishing one, which requires going through various legal processes with quite a long processing time. This is because it has been regulated based on PT Law no. 40 of 2007 section 142 regarding termination of activities, liquidation and the end of company status as a legal entity.

Therefore, if you want to close your company but are prevented by a lack of knowledge or don't have much time, then just trust the experts at Company Closing Management Services as a professional service to make closing your company easier.

Company Closure Management Services

Even though the pandemic has ended, the impact on business is still felt, where many people or business people are taking action to decommission or even close the company. In contrast to founding which feels so easy, closing a company where when the owner decides to close the company requires quite a long time and process from the initial process of establishing the company.

In the company's business operational channels, it is clear that bad possibilities such as closure or dissolution of the company can occur at any time. Company closure is also not always the result of business failure. Because there are several things that contribute to triggering a company to close. The things that trigger the closure of a company are inadequate human resources in company operations, poor management and unbalanced financial conditions. In fact, there are several reasons for the decision to close a company, including:

- Less Active Business Activities

- Changes in Laws and Regulations

- Market Demand Decreases

- Minimize Losses

- Changes to Business Plan

As is known, setting up a company requires quite a lot of money. In fact, there are many companies that have not yet broken even because operational costs are not small, depending on the scale of the company. At this point, when the reasons above emerge, it becomes a choice for the founders of the company to stop or close the company because they do not want to experience further losses.

If viewed from a legal perspective, in accordance with what is written in article 124 paragraph 1 of Law number 40 of 2007 concerning Limited Liability Companies (PT), the closure or dissolution of a company could occur due to the following triggers:

- The period of existence that has been determined in the company's articles of association has expired or expired.

- There is a valid decision in the results of the GMS (General Meeting of Shareholders) which supports the action of closing the company.

- Based on a decision from the court, due to any non-compliance with the law, including the deed of establishment and operation of a company that has been inactive for a period of three years.

- Revocation of business permits, especially for companies with certain licenses.

- The revocation of the company's business license which causes the company to go into liquidation based on the provisions in the applicable laws and regulations.

- Based on a decision from the court, due to any non-compliance with the law, including the deed of establishment and operation of a company that has been inactive for a period of three years.

- Revocation of business permits, especially for companies with certain licenses.

- The revocation of the company's business license which causes the company to go into liquidation based on the provisions in the applicable laws and regulations.

- Based on the bankruptcy assets, companies that have been declared bankrupt will be in a state of insolvency as stipulated in Indonesian law regarding bankruptcy and postponement of debt payment obligations.

In closing a company, of course you cannot do it yourself haphazardly, considering that Indonesia is a country that stands above the law, therefore the process of establishing or closing a company needs to be completed legally. Apart from that, there are also certain conditions that you need to complete in managing the company closure, including:

- Attachment of original documents and photocopies of the company's founding deed and Ministry of Law and Human Rights Decree

- Attachment of original documents and photocopy of company change deed (if you have time to make company changes)

- Attachment of the Company's original NPWP and original SKT (Registered Certificate).

- Photocopy of KTP belonging to all company founders

- Photocopy of personal NPWP from the founding owner of the company

- Attachment of proof of company annual tax report

So, at this point, do you understand what the requirements are and how complicated it is to manage the company closing process? If you experience problems in managing company closures or don't even have enough free time, don't worry! You don't need to worry, because Warung Freelancer will help you take care of everything with the Company Closing Management Service.

Company Closure Management Services

In Indonesia, both the establishment and closure of a company must be resolved legally. There are also several reasons why companies stop operating, namely because of the GMS and Court Decisions as explained above. If your company does not go according to plan until you finally choose to close your company, of course this will go through several processes starting from making a closing deed, newspaper announcement, to revoking the NPWP to revoking the Business License.

There are indeed many processes that need to be gone through in managing the closure of a company. Therefore, if you feel that these processes are not easy to do yourself, it would be better if you entrust them to the experts at Warung Freelancer's Company Closing Management Services. Why? the reason is, because Warung Freelancer is a digital agency which is involved in a legal capacity and deals in the best licensing and business establishment consultants who are experienced and insightful and have successfully served more than 10,000 clients from all over Indonesia with their business licensing needs.

So, are you still in a dilemma between taking care of it yourself or entrusting it to an expert? It's better to trust the experts at Warung Freelancer who are experienced, credible and of course save more time and budget. Immediately contact our service contact and enjoy the comfort of working with the expert team from Warung Freelancer.