A Firma is a business partnership in Indonesia where two or more partners share ownership, profits, and liabilities. It’s a simple and flexible option for entrepreneurs who want to collaborate.
Key Features:
- Shared Ownership & Management: Managed by at least two partners with shared responsibilities.
- Unlimited Liability: Partners are personally liable for the business’s debts.
- Simple Setup: Easy to establish with minimal formalities.
- No Minimum Capital: Flexible for small businesses.