Proceedings of the 3rd International Conference on Law, Economics & good Governance (ICLAW 2025)

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Individual Limited Liability Company as Legal Subjects in International Transactions in the ASEAN Region

Authors
Nourma Dewi1, *, Yudho Taruno Muryanto1, Ayub Torry Satriyo Kusumo1
1Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia Kentingan, Jl. Ir Sutami No.36, Kec. Jebres, Kota Surakarta, Jawa Tengah, Indonesia, 57126
*Corresponding author. Email: nourmadewi03@gmail.com
Corresponding Author
Nourma Dewi
Available Online 29 December 2025.
DOI
10.2991/978-2-38476-519-5_7How to use a DOI?
Keywords
individual company; legal subject; international transaction; regulation; international trade
Abstract

A sole proprietorship is a new legal entity established with the aim of facilitating investment, strengthening MSMEs, and improving the quality of human resources (HR) in the workforce. It is a strategic step taken by the government to create job opportunities for the Indonesian people with the enactment of Law Number 11 of 2020 concerning Job Creation. This study aims to analyze the position of individual limited liability company as legal subjects in international transactions within the ASEAN region. The method used is normative juridical with a legislative and literature review approach. The results of the study show that the legal form of individual limited liability company in several ASEAN countries differs from that of single-owner businesses, which we have also known in Indonesia as sole proprietorships, which are certainly different from sole proprietorships. Sole proprietorships have been recognized by national law as legal entities that can conduct international transactions. However, this form of sole proprietorship cannot be used as a foreign investment instrument in Indonesia.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Law, Economics & good Governance (ICLAW 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 December 2025
ISBN
978-2-38476-519-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-519-5_7How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nourma Dewi
AU  - Yudho Taruno Muryanto
AU  - Ayub Torry Satriyo Kusumo
PY  - 2025
DA  - 2025/12/29
TI  - Individual Limited Liability Company as Legal Subjects in International Transactions in the ASEAN Region
BT  - Proceedings of the 3rd International Conference on Law, Economics & good Governance (ICLAW 2025)
PB  - Atlantis Press
SP  - 64
EP  - 78
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-519-5_7
DO  - 10.2991/978-2-38476-519-5_7
ID  - Dewi2025
ER  -