Establishment of Individual Limited Liability Companies as an Effort for Economic Recovery Due to the Covid-19 Pandemic

Purpose of this study is first, to analyze the establishment of a Limited Liability Company PT Individual. Second, to analyze in the establishment of a Limited Liability Company, an individual PT will support economic progress due to the Covid-19 pandemic. This research uses normative legal research methods. This research concludes, first: The establishment of an Individual Limited Liability Company (PT) can be established by an Indonesian citizen, at least 17 years old, the authorized capital of PT Perseorangan, which is at least 25%, then the proof of payment is submitted to the Minister of Law and Human Rights counting 60 ( sixty) days since deed of establishment of the Company for the Company or filling out the Statement of Establishment for an individual Company and this is done electronically. Second: the creation of regulations regarding the establishment of PT. Individuals is expected to be able to support the improvement of the Indonesian economy due to the Covid-19 pandemic, the existence of PT Persorangan targets the middle class, for micro and small businesses.


INTRODUCTION
Year the world has been hit by the Covid-19 pandemic, as well as Indonesia did not escape the pandemic from the beginning of the first two cases in February 2020. The pandemic has made it very difficult for all countries, the economy is running slowly and even decreasing after being hit by Covid-19, this is not It can be denied that with the covid-19 virus, all humans in the world are expected to comply with the health protocols that have been established by the authorities of their respective countries which refer to WHO (Word Health Organization) standards.
Each country is trying to control the spread of the virus in its country, so as not to continue to increase positive victims of Covid-19 and those who die, both from civil society, health workers and government officials. The decline of both developing and developed countries due to the Covid-19 pandemic has made all countries endeavor to hold back the economic downturn in their country so that there is no crisis that causes trouble in the midst of society, including Indonesia.
One of the efforts made by Indonesia is by making regulations to establish PT.
individually, this is done outside the provisions that require the establishment of PT. can be done at least 2 (two) people. The establishment of a business entity in the form of a limited liability company (PT) can be done by individuals. This provision is a mandate contained in Law Number In the old provisions, the establishment of a PT was carried out by at least two people and there was a minimum authorized capital limit that was considered to be one of the obstacles for business actors. However, the establishment of an individual PT has procedures and requirements that must be met by business actors. An individual PT can only be established for the criteria of micro and small businesses. The criteria for micro-businesses are determined based on a maximum working capital of IDR 1 billion excluding land and buildings for business premises or a maximum annual sales proceeds of IDR 2 billion (Rizki, 2021).
"With an individual company, business actors can form a limited liability company with only one founder," said Minister of Law and Human Rights Yasonna Laoly in a written statement in Jakarta, Monday, February 22, 2021(Fajar Pebrianto, 2021. First, to analyze the establishment of a Limited Liability Company PT Perseorangan. Second, to analyze in the establishment of a Limited Liability Company, an individual PT will support economic progress due to the Covid-19 pandemic.

RESEARCH METHOD
This research method is normative legal research, so that more than one research approach can be used (Reza Ardiyanto and Moh. Saleh, 2020). The object of this research is "Private Limited Liability Company (PT)." While the collection of this research material is carried out by studying the laws and regulations that have a relationship with the problem, in the form of primary data and secondary data. The main secondary legal material is textbooks because books The text contains the basic principles of legal science and the classical views of highly qualified scholars (Peter Mahmud Marzuki, 2005).

RESULTS AND DISCUSSION
The definition of PT in general is a unit or legal entity whose capital is collected from various shares, and each owner has a share of the number of shares owned by each investor (Tn, 2020a Usually, this limited company or PT is formed by a minimum of two or more people by means of an agreement known by a notary that will produce a company deed. Then, the deed must be ratified by the Ministry of Law and Human Rights so that later the company will officially become a Limited Liability Company or PT business entity, this is confirmed in Article 7 of the Limited Liability Company Law. The establishment of a PT was carried out by the founders and known to the notary public later in the "Deed of incorporation containing the articles of association and other information relating to the establishment of the Company" (Article 8 paragraph (1)  In the establishment of a PT Individual, it requires authorized capital in its establishment, which is needed as capital in running the company's business. Article 4 paragraph (1) and (2) PP No. 8 of 2021 confirms "(1) The authorized capital of the Company as referred to in Article 3 must be issued and fully paid at least 25% (twenty five percent) as evidenced by valid proof of payment; (2) A valid proof of deposit as referred to in paragraph (1) must be submitted electronically to the Minister within 60 (sixty) Days from the date of: a. deed of establishment of the Company for the Company; or b. filling out the Statement of Establishment for an individual company. " The process of establishing PT Individuals is carried out independently by the founders, without involving a notary, and is directly submitted to the Minister of Law and Human Rights electronically.

Progress Due to the Covid-19 Pandemic
The Covid-19 pandemic since its appearance at the end of 2019 in Wuhan, and in February 2020 in Indonesia, has made all countries worse off in their economic sector. There are many aspects of the economy that have an impact due to this pandemic, one of which is in the business sector that has collapsed so that many entrepreneurs have gone out of business and are losing money due to lack of income from the business they are running. However, Indonesia through its working copyright law which at the beginning of its appearance created controversy among the public and economic and political observers, however, the government together with the House of Representatives of the DPR of the Republic of Indonesia continue to push the work copyright law while still paying attention to input from the public, labor unions and businessmen. Creating a business entity is an important basis if you are going to build your own business. The establishment of a business entity that is a legal entity in a company, whether small, medium or large, will protect the company from all claims due to activities carried out by the company itself.
A business entity is a juridical and economic unit or an organizational unit consisting of production factors for profit-seeking purposes. Business entities are economic households that aim to seek profit with production factors (Tn, 2020).
A business / business itself can be said to be a legal entity if it has a "Deed of Establishment" which is legalized by a notary accompanied by a signature on a seal and seal (Tn, 2020  When viewed from the form of management, a business economy is indeed divided into two parts, namely the part of an economic enterprise that is managed independently or individually, and which is managed by a group of companies. The following is an interpretation of each of these economic businesses (Tn, 2020).
With the making of regulations in the establishment of PT. Individuals, it is hoped that it will encourage the progress of the Indonesian economy which has been slumped by the Covid-19 pandemic, so that the welfare of the people which also affects the pandemic can be restored, because with the establishment of PT. Individuals it is targeted that the middle community can establish Micro and Small businesses. .

CONCLUSION
The issuance of Law Number 11 of 2020 concerning Job Creation, although there are still pros and cons at this time, the government is trying to provide the best for its people in economic IJCCS, Vol.x, No.x, July xxxx, pp. pandemic, as well as improve the welfare of the middle class by boldly establishing PT Persorangan with regulations. which has been made as a legal certainty and legal protection for the community.