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In an attempt to boost the economy overall and micro and small companies in particular, the government passed the Job Creation Law in response to the current crisis brought on by the Covid-19 outbreak. A new legal entity, an individual company, is recognized by virtue of the Job Creation Law, which broadens the definition of a limited liability corporation. Many inconsistencies in the fundamental idea of a limited liability company were introduced by the presence of an individual corporation. This normative juridical study will cover legal shortcomings and suggested reforms, as well as the regulation of micro and small business standards based on the limited liability company and job creation laws. The purpose of this study is to identify the agreements pertaining to certain businesses. The study's findings show that there are still legal gaps in the foundations of individual businesses, meaning that government intervention is crucial to tightening regulations.

The concept of Limited Liability Companies is undoubtedly affected by the changes that take place. This essay will examine this issue by focusing on a few key points, contrasting the Job Creation Law and the Limited Liability Company Law from an institutional standpoint. The research's findings indicate that the idea of a company has changed. Article 1 of Law No. 40 of 2007 was amended, and the new basis is now contained in Article 109 number 1 of Law No. 6 of 2023. For this reason, the government wants to provide space for MSEs to establish business entities in the form of Individual Companies, so the government must also be consistent, namely by creating norms that differentiate the structure of Capital Partnership Companies from Individual Companies.