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Articles Of Agreement LLC Template for Indonesia

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Key Requirements PROMPT example:

Articles Of Agreement LLC

"I need Articles of Agreement LLC for an Indonesian technology startup with three local founders and one foreign investor, planned to be established by March 2025, with specific provisions for intellectual property protection and future funding rounds."

Document background
The Articles of Agreement LLC is an essential document required when establishing a limited liability company (Perseroan Terbatas) in Indonesia. This document serves as the company's constitutional foundation and must comply with Law No. 40 of 2007 on Limited Liability Companies and related regulations. It is used during the initial company registration process and remains a reference throughout the company's existence, containing crucial information about capital structure, shareholder rights, management framework, and business activities. The document must be drafted in Indonesian language and executed before an Indonesian notary public, after which it requires approval from the Ministry of Law and Human Rights. It's particularly important for both domestic and foreign investors as it establishes the basic rules and structures that will govern the company's operations in Indonesia.
Suggested Sections

1. Parties: Identifies the founding members/shareholders of the LLC, including their full legal names, addresses, and nationality

2. Background: States the intention to establish an LLC and brief context of the business venture

3. Definitions: Defines key terms used throughout the agreement

4. Company Name and Domicile: Specifies the approved company name and registered address

5. Purpose and Business Activities: Details the company's business objectives and permitted activities

6. Capital Structure: Specifies authorized, issued, and paid-up capital, and share distribution

7. Shares: Details share classifications, rights, and transfer restrictions

8. General Meeting of Shareholders: Procedures for conducting shareholder meetings and voting rights

9. Board of Directors: Composition, appointment, duties, and authorities of directors

10. Board of Commissioners: Composition, appointment, duties, and authorities of commissioners

11. Annual Reports and Profit Distribution: Requirements for financial reporting and dividend distribution

12. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

13. Governing Law: Confirms Indonesian law as the governing law

14. Amendments: Procedures for modifying the articles of agreement

Optional Sections

1. Foreign Investment Provisions: Required if there are foreign shareholders, detailing compliance with foreign investment regulations

2. Shareholder Loans: Include when shareholders plan to provide loans to the company

3. Intellectual Property Rights: Include when the company will own or license significant IP

4. Branch Offices: Include if the company plans to establish branch offices

5. Corporate Social Responsibility: Include if the company wants to formalize CSR commitments

6. Environmental Compliance: Required for businesses in environmentally sensitive sectors

7. Deadlock Resolution: Include when there are equal shareholdings to manage potential deadlocks

Suggested Schedules

1. Schedule A - Shareholder Details: Complete information about shareholders including shareholding percentages

2. Schedule B - Capital Contribution Schedule: Timeline and details of capital injection commitments

3. Schedule C - Business Activities: Detailed list of KBLI (Indonesian Standard Industrial Classification) codes

4. Schedule D - Initial Board Members: Details of initial directors and commissioners

5. Schedule E - Share Certificate Template: Format and content of share certificates

6. Appendix 1 - Shareholder Approval Requirements: List of actions requiring shareholder approval

7. Appendix 2 - Corporate Structure Chart: Visual representation of ownership and management structure

Authors

Alex Denne

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

Relevant legal definitions






































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Relevant Industries

Manufacturing

Technology

Retail

E-commerce

Financial Services

Agriculture

Mining

Construction

Healthcare

Education

Tourism

Transportation

Professional Services

Real Estate

Energy

Telecommunications

Relevant Teams

Legal

Corporate Secretariat

Compliance

Finance

Corporate Governance

Risk Management

Executive Leadership

Board of Directors

Investment

Business Development

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Corporate Secretary

Legal Counsel

Chief Financial Officer

Company Director

Board Member

Commissioner

Compliance Officer

General Counsel

Investment Manager

Business Development Director

Corporate Governance Officer

Risk Management Officer

Company Secretary

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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