• Sat. Oct 24th, 2020

Legal Aspects in a Business Feasibility Study, Complete Discussion!

ByAuthor

Oct 6, 2020
Legal Aspects in a Business Feasibility Study, Complete Discussion!

The legal aspect in a business feasibility study is the first thing that must be known. Although there are still many parties who do it starting from other aspects. Where this depends on the readiness of each company.

The purpose of conducting analysis on this legal aspect is to examine the validity, authenticity and perfection of existing or owned documents. For business feasibility study researchers, it is true that the document’s validity must be examined, as well as the authenticity and completeness of the document. These include:

• Owned permits
• Legal entity
• Land certificate
• Other supporting documents related to business entity activities
What is discussed in the legal aspect? Such as:
• Legality
• Form of corporate legal entity
• Planned articles of association of the company
• Departments / Agencies / Agencies related to the company

The legal aspects of a business feasibility study should be examined first

Maybe you are wondering, why should the legal aspects be studied first in the implementation of a business feasibility study. There is a reason, namely because if it is based on analysis to the legal aspect, it will be found whether a business idea is still feasible to be processed or not, so that if it is found that the business idea is not feasible to proceed from a legal aspect, then there is no need to continue to the analysis of another aspect.

The legal provisions are not the same

Each type of business of a company may be different and the underlying legal provisions are not the same. Where that affects is the complexity of the business being run.
Regional autonomy can lead to changes in legal provisions as well as different permits between regions. Therefore it is very important to have an understanding of the legal provisions and investment licensing for each region.
The government, which stipulates the licensing and legal provisions of this investment, is also not original but has a purpose. Where the goal is to maintain public order as a whole.
It is hoped that the people living in the vicinity of the company location can get great benefits, rather than just getting the negative impact. Because business investment will definitely involve local residents in the company’s business location.

The purpose is to have a legal aspect

With the legal aspect, you will be able to find out whether a business has fulfilled the permits and legal provisions in an area or not. You can see the specific goals below:

1. Analyze the collateral that can be provided if the business is financed through loans
2. Business legality analysis
3. Analyze the appropriateness of the legal entity form, compared to the business idea to be implemented
4. Analysis of the proposed business capabilities in meeting the requirements of the licensing

Type of business entity

Business activities cannot be separated from the name of licensing, along with the form of a business entity. Where both are needed in running a business. The form of business entity to be chosen depends on the number of owners and the required capital. Some of the considerations underlying the selection of a business entity include:

1. Regulatory requirements
2. Industrial sector
3. The amount of capital needed to run a business
4. Level of responsibility and financial and legal capacity
Forms of business entities include:

Company Companies

It is a form of business entity that does not differentiate between owners of company property rights and personal rights (Indriyo, 2005). However, based on private (2002), the definition of a company is a form of business entity in which a person owns and that person is fully responsible for the company’s activities.


Limited company

PT is an association of several private entrepreneurs who form a unit. Together manage the business. Companies provide opportunities for the wider community if they want to invest in the company. Namely by buying shares of the company.

United States of America

CV is an association of several private entrepreneurs who form one unit. Together manage the business. Most of the members of the CV are active members. The other members are passive members.

Foundation

A foundation is a legal entity consisting of separated assets to achieve objectives in the religious, social and humanitarian fields that do not have members.
kinship.

Business permit

The government issues several types of business permits. Here are some trade-related business licenses. Among others:

Business Place Permit

Every company needs and is obliged to take care of SITU. The goal is for the smooth operation and safety of the business. It is the municipal or district government that issues..

Recognizing Environmental Impact Analysis

A study result uses a scientific approach. Which is viewed through several points of view from science. It is an important impact of integrated and planned business activities on the environment within a unitary stretch of ecosystem, and involves more authority coming from a responsible agency. Apart from this, there are other legal aspects in the business feasibility study, because the scope is quite wide. Including the form of company legality (company name, brand, SIUP, and Industrial Business License.