MAGISTER MANAJEMEN UNIVERSITAS GADJAH MADA

PRA-MBA PROGRAMME

OPTIONS FOR ORGANIZING BUSINESS

PRESENTED BY
SHARFINA WIDYANINGRUM

Indonesia PCS | IPC |

1
LEARNING OBJECTIVES
• Sole Proprietorship
• Partnership
• Corporation

• Definition
• Examples

• Advantage & Disadvantage Sole Proprietorship

• Advantage & Disadvantage Partnership
• Advantage & Disadvantage Corporation

• Other types of Ownership

• Merger
• Acquisition
• LBO

• Study case of ILCS vs Corporation

• Advantage & Disadvantage

Indonesia PCS | IPC |
2
 THREE TYPES OF ORGANIZING BUSINESS

Indonesia PCS | IPC |

3
 ADVANTAGES & DISADVANTAGES OF THE SOLE
PROPRIETORSHIP

Advantages Disadvantages

1.Ease and cost of

formation
2.Secrecy
1.Unlimited liability
3.Distribution and use of
2.Limited sources of funds
profits
3.Limited skills
4. Control of the Business
4.Lack of continuity
5.Government Regulation
5.Lack of qualified
5.Easy to close the
employees
business

Indonesia PCS | IPC |

4
ADVANTAGES & DISADVANTAGES OF THE PARTNERSHIP

Advantages Disadvantages

1.Ease of Organization
2.Availability of Capital 1.Unlimited liability
and Credit
2.Business Responsibility
3.Combined knowledge
3.Life of the partnership
and skills
4.Distribution of profits
4.Decision making
5.Limited sources of funds
5.Regulatory controls
6.Taxation

Indonesia PCS | IPC |

5
ADVANTAGES & DISADVANTAGES OF CORPORATION

Advantages Disadvantages

1.Limited Liability
2.Transfer of Ownership
1.Double Taxation
3.Perpetual Life
2.Forming a corporation
4.External sources of
3.Disclosure of information
funds
4.Employee-owner
5.Potential Expansion
separation

Indonesia PCS | IPC |

6
 Other Types of Business Ownership

Indonesia PCS | IPC |

7
Structure Ownership Taxation Liability Use
Sole Proprietorship One Owner Individual income Unlimited Owned by a single
taxed individual and is
the easiest way to
conduct business
Partnership Two or more Individual owners’ Somewhat limited Easy way for two
Owners income taxed individuals to
conduct business
Corporation Any Number of Corporate and Limited A legal entity with
Shareholders shareholder taxed shareholders and
stockholders
S Corporation Up to 100 Taxed as a Limited A legal entity with
Shareholders partnership tax advantages for
restricted number
of shareholders
Limited Liability Unlimited number Taxed as a Limited Avoid personal
Company of shareholders partnership lawsuits

sMc Grawhill, 2018

8
TRENDS IN BUSINESS OWNERSHIP: MERGERS AND ACQUISITION

Indonesia PCS | IPC |

9
 HOW ABOUT INDONESIA?
1. Mergers
• PT Bank CIMB Niaga (Bank Niaga+Lippo Bank)

2. Acquisitions
• PT Bumi Serpong Damai Tbk mengakuisisi tiga anak usaha grup Sinar Mas (PT Duta
Pertiwi Tbk., PT Sinar Mas Wisesa, PT Sina Mas Teladan)
• PT Bank Rakyat Indonesia Tbk. mengakuisisi PT Bank Agro
• PT Bakrie Sumatera Plantations Tbk. mengakuisisi enam anak usaha Domba Mas

3. Leveraged Buyout (LBO)

• PT Benakat Petroleum Energy Tbk. terhadap PT Elnusa Tbk.
• Akuisisi PT Apexindo Pratama Duta oleh PT Mitra International Resources Tbk.

Indonesia PCS | IPC |

10
 ILCS PROFILE
Template Management Forum
Outline - 1 ORGANIZATION
• PT Integrasi Logistik Cipta Solusi (ILCS) didirikan tanggal 21 September 2012 dengan share penyertaan modal IPC sebesar 51% dan Telkom 49%
• Lokasi kantor Plasa Telkom Lantai 4, Jalan Yos Sudarso no. 23-24, Jakarta Utara Telp : 1500 950

VISION "To Become The Most Reputable Digital Solution Provider in Seaport & Maritime Logistics in Indonesia”
1. Improve Indonesia Economic Competitiveness Through Modern & Integrated System With World Class ServicesStandard
2. Connecting Logistic Community Through Trusted Digital PlatformAnd Processes
MISSION
3. Delivering Value Added ToShareholders
4. Becoming the workplace of choice for employee in contributing to connecting logictics community

STRATEGY Fokus : 3S (Seaport, Shipping, Society) & 3T (Terminal, Trade, Transport)

STRUKTUR ORGANISASI DEWAN KOMISARIS

Direktur Utama Komisaris Utama

Yusron Hariyadi
Corporate
Prasetyadi – IPC
IA & QA Planning &
Secretary Komisaris
Direktur TI &
Operasional
Direktur Adm. &
Keuangan 1. Pranyoto– Kemenhub
JatiWidagdo

Plt. SM
2. Natal Iman Ginting – Telkom
GM Ops. Plt.GM GM SM
GMSales Shared
& Serv Product SystDsgn Finance&
& Solution
Delivery Mgt & Int Srvc BilColl

DiathermanA. Milono W. DiathermanA. YusufA. M. Sumartono H. M. Sumartono H. 3. Ilmianto Boediman – Telkom

11
 ILCS PROFILE
Template Management Forum
Outline - 1 CUSTOMER & PARTNER
CUSTOMER PORTFOLIO PARTNER

• IPC Group :
 IPC Kantor Pusat & Cabang
 Subsidiary : PTP, MTI, IKT, PPI, JPPI, JAI,
PMLI, EDII, RSP, EPI, Rukindo, TPK, Koja,
JICT, TPI, NPCT1
• Telkom Group : Telkom Properti, Divisi
Enterprise Services, Divisi Business Services,
Divisi Government Services
• Eksternal : KAS, Lookman jaya, Era Cepat
Transporindo, Lautan Tirta, Trans Maju,
Bangun Badan Selaras, Paiho Indonesia,
Semesta Mandiri, Agility, Lautan luas,
Unilever, Pertamina Lubricant, Evergreen,
Maersk Line, Temas, Samudra
Indonesia, Toyota Manufacturing, Sinar
Mas Merak Mas, Fajar Surya Wisesa,
Poslog,Mustika Alam Lestari.
• Asosiasi : APJP, PPLBI, APTRINDO, KADIN, INSA,
Dewan Pelabuhan Tanjung Priok.
• Government : Otoritas Pelabuhan, Bea Cukai
12
STUDY CASE ILCS AS JOINT VENTURE BETWEEN IPC AND TELKOM
Advantages
• ILCS has a strong background of
marketing network because it is
establishedd by 2 BUMN
• ILCS has a strategic position as
Telkom Group (with a wide range
subsidiary and portofolio) that lead to
expanding customer coverage either
from internal group or exsternal
group (Recommend group)
• Has a broad Captive market based on
potension of Telkom Group as a
BUMN reference as well as other
private companies (hs a potension of
market dominator)
Indonesia PCS | IPC |
Disadvantages
• All company activity should report to
sahareholders
• ILCS’s Roadmap should follow its
parent company led to limitation in
innovation to its parent company, on
the other hand growth phase ILCS is
different from its parent company
condition
• ILCS’s customer is PT Pelindo II
(Persero) that will result in double
taxation.
13
 FROM WHERE I CAME FROM?

1.Expanding market share outside IPC through channel of

Telkom, IPC, and Own Channel
2.Developing new product to increase revenue reccuring (E-
Payment, GPS)
3.Coming up with new innovative ideas related products and
services of PT ILCS
4.Implementing Good Corporate Governance (GCG)

Indonesia PCS | IPC |

14
Indonesia PCS | IPC |
15