Legal Literacy - This article discusses the procedures for dissolving a limited liability company (PT) in Indonesia, including the legal basis, the role of the liquidator, and the stages of liquidation in accordance with the provisions of Law Number 40 of 2007 concerning Limited Liability Companies. In addition, it also explains the responsibilities of the liquidator in settling company assets and obligations that must be fulfilled during the dissolution and liquidation process.

A person can be involved in economic activities in Indonesia through various business sectors, either directly as an individual or as a company.[1] It is fair to say that the number of PTs in Indonesia is greater than other types of business entities, including perseroan companies, limited partnerships, cooperatives, and others.[2] Business actors are increasingly interested in establishing legal entities, in this case PTs, along with economic developments. Therefore, the government has issued more comprehensive provisions regarding PTs, specifically Law Number 1 of 1995 concerning Limited Liability Companies. However, in its development, this Law is considered not in line with the demands of society and legal developments. Therefore, in 2007, the government replaced Law Number 1 of 1995 with Law Number 40 which regulates limited liability companies (later known as UUPT).

A company is a…