Articles Of Incorporation LLC Template for Indonesia

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Key Requirements PROMPT example:

Articles Of Incorporation LLC

"Need Articles of Incorporation LLC for a tech startup in Jakarta with three founding shareholders (two domestic, one foreign) and authorized capital of IDR 5 billion, planning to launch operations in March 2025 with potential for venture capital investment."

Document background
Articles of Incorporation LLC (known as Akta Pendirian PT in Indonesia) is the primary constitutional document required when establishing a limited liability company in Indonesia. This document is mandatory under Indonesian law and must be prepared when founders wish to establish a new company or convert an existing business into a formal corporate entity. The Articles must comply with Law No. 40 of 2007 and include detailed information about the company's identity, objectives, capital structure, management, and operational framework. It serves as the company's foundational charter, governing its internal affairs and external relationships. The document must be executed in the Indonesian language before a licensed notary public and requires approval from the Ministry of Law and Human Rights to become legally effective. Once registered, it becomes a public document and establishes the company as a separate legal entity under Indonesian law.
Suggested Sections

1. Article 1 - Name and Domicile: States the company's legal name and registered address in Indonesia

2. Article 2 - Duration: Specifies the duration of the company's existence (typically unlimited)

3. Article 3 - Purpose and Objectives: Details the business activities and objectives of the company according to the Indonesian Standard Industrial Classification (KBLI)

4. Article 4 - Capital Structure: Specifies the authorized, issued, and paid-up capital, including number and value of shares

5. Article 5 - Shares: Details the types of shares, rights attached to shares, and share transfer procedures

6. Article 6 - Management Structure: Defines the composition and authority of the Board of Directors (Direksi)

7. Article 7 - Board of Commissioners: Defines the composition and authority of the Board of Commissioners (Dewan Komisaris)

8. Article 8 - General Meeting of Shareholders: Outlines procedures for conducting shareholder meetings and voting rights

9. Article 9 - Financial Year and Annual Reports: Specifies the financial year and requirements for financial reporting

10. Article 10 - Use of Profits and Dividend Distribution: Details how profits will be allocated and dividends distributed

Optional Sections

1. Article on Foreign Workers: Required if the company plans to employ foreign workers, detailing compliance with Indonesian labor laws

2. Article on Environmental Management: Required for companies whose activities may impact the environment

3. Article on Corporate Social Responsibility: Required for companies operating in natural resources sectors

4. Article on Shareholder Loans: Include if shareholders plan to provide loans to the company

5. Article on Branch Offices: Include if the company plans to establish branch offices

6. Article on Specific Industry Compliance: Required for regulated industries like financial services or mining

Suggested Schedules

1. Schedule A - Details of Initial Shareholders: Lists the founding shareholders with their respective shareholdings and contribution amounts

2. Schedule B - Initial Board Composition: Details the first appointed Directors and Commissioners with their personal information

3. Schedule C - Share Certificate Template: Template for the company's share certificates

4. Appendix 1 - Business Activities: Detailed list of business activities with corresponding KBLI codes

5. Appendix 2 - Capital Structure Details: Detailed breakdown of the company's capital structure and share classifications

6. Appendix 3 - Specimen Signatures: Specimen signatures of initial Directors and authorized signatories

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Manufacturing

Technology

Retail

Financial Services

Construction

Mining and Resources

Agriculture

Healthcare

Education

Professional Services

Tourism and Hospitality

Transportation and Logistics

Real Estate

Consumer Goods

Energy

Relevant Teams

Legal

Corporate Secretariat

Compliance

Finance

Corporate Affairs

Risk Management

Business Development

Executive Leadership

Governance

Investor Relations

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Financial Officer

Board Director

Commissioner

Investment Manager

Business Development Director

Corporate Governance Officer

Risk Management Officer

Shareholder Relations Manager

Corporate Affairs Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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