Is it better to register as a juristic person?

Is it better to register as a juristic person?

At the beginning of a business, many of us may be confused on whether to register as a juristic person, or if they should conduct business in the form of an ordinary person.

Today we are going to talk about the advantages of registering as a juristic person so you can be informed in making your decision. There are several advantages of registering as a juristic person, including:

  1. Paying taxes according to the actual profit incurred based on the account. But if in any year the business has a loss, it is not necessary to pay annual taxes.
  2. Corporate taxation must be paid at a maximum rate of 20%, which is less than the personal income tax with a maximum rate of up to 35%.
  3. Business looks more reliable.
  4. Reduce confusion in managing finances, because the separation between business money and personal money is clearer.
  5. In the event of company bankruptcy, the shareholders of the company will only lose assets according to the share value.

 

Is it better to register as a juristic person

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