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Analysis of the Application of the Piercing the Corporate Veil Doctrine to the Liability of Individual Corporations

Year: 2025

Type: article

Abstract: T Micro and Small Enterprises in Indonesia necessitate assistance in establishing a favorable business environment. The Government has initiated the implementation of an Individual Company policy, a regulatory advancement for commercial entities, designed to enhance national economic development significantly. The introduction of individual enterprises under the Job Creation Law is anticipated to expedite Indonesia's economic growth. The employed research approach is normative juridical, supplemented by interviews. The findings suggest that the existence of individual firms is intricately linked to Law No. 11 of 2020 and Law No. 6 of 2023, which establish limited liability via the one-tier board system inside their corporate structures. In Bali Province, the implementation for MSME players has not seen substantial development; MSME entrepreneurs continue to utilize Cooperatives as their legal structure to support their enterprises.

Source: HERMENEUTIKA Jurnal Ilmu Hukum

DOI: 10.33603/hermeneutika.v9i2.10055

Authors: Wardah Aprilia, Mia Hadiati, Rian Achmad Perdana

Institutions: Indonesia University of Education, Tarumanagara University, Universitas Borobudur

Language: English

Topic: Indonesian Legal and Regulatory Studies

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W4413441577

FWCI:

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Related to: 10