A franchisor can ensure franchisee compliance by offering continuous guidance, supervision, and support. Additionally, franchisees may be required to create and submit business development plans that align with the franchisor's standards. Franchising [...]
Your Partnership Agreement should include details such as business type, industry, place of business, commencement date, business name, capital contributions, management responsibilities, financial decisions, tax elections, dispute resolution, and any additional terms [...]
Conduct a business name search to ensure your chosen name is available and complies with local regulations. This prevents confusion and legal issues in the future.
Capital contributions are the monetary or asset contributions made by each partner to the business. In Indonesia, they are crucial as they define each partner's investment in the partnership and affect profit-sharing [...]
The frequency and rules for partners' meetings can vary, but you should specify these details in your agreement. Partners can determine whether any partner can call special meetings or if they require [...]
A managing partner is responsible for day-to-day operations in the partnership. Whether you need one depends on your partnership's size and structure. If appointed, your Partnership Agreement should outline their role and [...]
Financial decisions, profit distribution, and taxation should be clearly defined in your Partnership Agreement. Consult with a tax professional to navigate Indonesia's tax regulations and choose the most suitable options for your [...]
Your Partnership Agreement should include dispute resolution clauses, such as mediation or arbitration, to avoid costly litigation. These mechanisms help partners resolve conflicts amicably.
Yes, you can customise your Partnership Agreement to include specific terms or clauses that are unique to your partnership's needs. However, it's advisable to consult with legal professionals or experts familiar with [...]
Yes, audits can be beneficial for SMEs in Indonesia as they provide an independent assessment of financial statements, enhance transparency, and improve the company's credibility among stakeholders, including lenders, investors, and business [...]
