Legal Analysis of the Empowering Legal Entities of Badan Usaha Milik Desa (BUMDes) After the Enactment of the Job Creation Law

DOI

10.2991/assehr.k.211130.096How to use a DOI?

Keywords

Badan Usaha Milik Desa (BUMDes); Job Creation Law; Holding Company

Abstract

This research resulted the existence of Badan Usaha Milik Desa (BUMDes) as legal entities by the enactment of Law Number 11 of 2020 concerning Job Creation has clarity providing and affirmation of the legal entity status of BUMDes Article 117 of the Job Creation Law was change the provisions of Article 1 point 6 of the Village Law, explicitly stated that “Badan usaha Milik Desa” referred as BUMDes, are legal entities established by villages and together with villages manage the businesses, assets utilization, develop investment and productivity, provide services, and/or provide other types of business for the maximum welfare of the Village community. BUMDes can be classified as legal entities with public function for public legal entities as public and private legal functions. Empowerment of BUMDes Based on Village Economy after obtaining status as a legal entity becomes wider and easier, considering the current number of villages that have reached 74,910, then the assistance of BUMDes was needed, both by the regional government and the central government. Each BUMDes can choose what business development in the village by consiredering the existing potentials in each village. Things that can be done by the government include encouraging people to use BUMDes products and assisting in promotion and market search for BUMDes products with the aim that BUMDes products can be absorbed by the market. The hope is that the success of BUMDes can move the economy in the village, absorb labor, and improve the welfare of the village community. The success of BUMDes is also expected to encourage national economic growth.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Husen Alting
PY  - 2021
DA  - 2021/12/03
TI  - Legal Analysis of the Empowering Legal Entities of Badan Usaha Milik Desa (BUMDes) After the Enactment of the Job Creation Law
BT  - Proceedings of the International Joined Conference on Social Science (ICSS 2021)
PB  - Atlantis Press
SP  - 532
EP  - 538
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211130.096
DO  - 10.2991/assehr.k.211130.096
ID  - Alting2021
ER  -