Ius Constituendum Crowdfunding for Business Entities That Are Not Legal Entities
https://doi.org/10.35706/positum.v10i2.13269
Keywords:
Crowdfunding; Ius Constituendum; Civil Partnership.Abstract
The development of crowdfunding in Indonesia presents legal challenges related to organizer regulations that do not comply with existing provisions, especially for non-legal entities such as social communities, maatschap, or faith-based organizations. Financial Services Authority Regulation No. 57/POJK.04/2020 requires crowdfunding organizers to be established as Indonesian legal entities such as Limited Liability Companies (PT) or cooperatives. However, many crowdfunding practices are carried out by non-formal entities that are not legally recognized, creating a legal vacuum that has the potential to lead to legal uncertainty, misuse of funds, and violations of investor rights. This article proposes the importance of ius constituendum to regulate non-legal entities in crowdfunding activities, with an approach that is more responsive to social and technological dynamics. More flexible regulations are needed to align socio-economic practices with the existing legal system, thereby creating a fair and inclusive legal environment for all forms of crowdfunding activities.
Downloads
References
Aderemi, Abdulmajeed Muhammad Raji, Sri Maulida, and Abdullateef Abdulqadir Maikabara. “Prospects and Challenges of Crowdfunding as an Alternative Funding Option in Nigeria.” Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah 12, no. 1 (2021): 17–31. https://doi.org/10.18326/muqtasid.v12i1.17-31.
Adinia, Nissa Cita, and Mediana Hanifa. “Publicity or Impact? The Use of Crowdfunding by Indonesian Social Media Influencers during the Covid-19 Pandemic.” Journal of Social Studies (JSS) 18, no. 1 (2022): 27–46. https://doi.org/10.21831/jss.v18i1.39797.
Agustinus, null, and Kharisa Rizky Alfiana. “Strategi Crowdfunding Melalui Kampanye Media Sosial Instagram @Runtocare Semarang-Yogyakarta 150km.” Kaganga Komunika: Journal of Communication Science 6, no. 1 (2024): 1–10. https://doi.org/10.36761/kagangakomunika.v6i1.3435.
Ahwal, hasanatul. “Wakaf Tunai Berbasis Crowdfunding: Persepsi Generasi Y Dan Z.” JURNAL AL-IQTISHAD 17, no. 1 (2021): 16–34. https://doi.org/10.24014/jiq.v17i1.12580.
Aisy, Diamantin Rohadatul. “Optimizing Tabarru’ Funds in Sharia Insurance by Digital Donation-Based Crowdfunding.” International Journal of Emerging Issues in Islamic Studies 1, no. 2 (2021): 40–46. https://doi.org/10.31098/ijeiis.v1i2.712.
Aji, Ibnu Trunugraha, and Anjar Priyono. “The Role of Equity Crowdfunding Company as a Knowledge Broker in Supporting the Digital Transformation of SMEs through Knowledge Sharing and Dissemination Process.” International Journal of Research in Business and Social Science (2147- 4478) 10, no. 3 (2021): 109–22. https://doi.org/10.20525/ijrbs.v10i3.1158.
Aldinda, Friqly. “Equity Crowdfunding Sharia as Islamic Social Finance in Recovering the Economy amid Covid-19 Pandemic Crisis in Indonesia.” NUsantara Islamic Economic Journal 1, no. 2 (2022): 155–66. https://doi.org/10.34001/nuiej.v1i2.153.
Aprialim, Fiqar, null Adnan, and Ady Wahyudi Paundu. “Penerapan Blockchain Dengan Integrasi Smart Contract Pada Sistem Crowdfunding.” Jurnal RESTI (Rekayasa Sistem Dan Teknologi Informasi) 5, no. 1 (2021): 148–54. https://doi.org/10.29207/resti.v5i1.2613.
Aprianingsih, Atik, Teresia Debby, Iqro Setiawan Jati, and Ira Fachira. “The Willingness of Motivations to Fund The Visual Game Project: A Case Study in Crowdfunding From Visual Novel Game – Xagia Wars.” Indonesian Journal of Business and Entrepreneurship, ahead of print, January 31, 2022. https://doi.org/10.17358/ijbe.8.1.116.
Arisanti, Ike, and Tri Wahyu Oktavendi. “Analyzing the Determining Factors of Funding Speed on Equity Crowdfunding.” Jurnal Akuntansi & Auditing Indonesia, December 29, 2022, 111–18. https://doi.org/10.20885/jaai.vol26.iss2.art1.
Arsyianti, Laily Dwi, null Ahmad Aulia Amrullah, and null Irfan Syauqi Beik. “Behavioral Intentions of Prospective Investors in Islamic Securities Crowdfunding: Insights from the Indonesian Market.” Journal of Islamic Social Finance 1, no. 2 (2023). https://doi.org/10.31436/jislamicsocfin.v1i2.14.
Ashari, Firmansyah, Tetuko Catonsukmoro, Wilyu Mahendra Bad, null Sfenranto, and Gunawan Wang. “Smart Contract and Blockchain for Crowdfunding Platform.” International Journal of Advanced Trends in Computer Science and Engineering 9, no. 3 (2020): 3036–41. https://doi.org/10.30534/ijatcse/2020/83932020.
Bakti, Yulya Puspita, Rafi Irfan Pranata, and Muh Samsul Rijal Anwar. “Sistem Investasi Equity Crowdfunding Pada Umkm Di Indonesia Studi Pada Platform Bizhare Pt. Investasi Digital Nusantara.” Assets : Jurnal Ekonomi, Manajemen Dan Akuntansi 11, no. 2 (2021): 309–309. https://doi.org/10.24252/assets.v11i2.20956.
Chabiba, Omiga, and Diky Faqih Maulana. “Equality Crowdfunding: Perlindungan Hukum Pada Financial Technology Di Santara Yogyakarta.” Supremasi Hukum: Jurnal Kajian Ilmu Hukum 11, no. 2 (2023): 235–235. https://doi.org/10.14421/sh.v11i2.2728.
Choirunnisa, Novia, and Nahdlotul Fadilah. “Legal Protection For Investors In Crowdfunding Services Through Information Technology Offers (Equity Crowdfunding).” Syiah Kuala Law Journal 4, no. 2 (2020): 153–72. https://doi.org/10.24815/sklj.v4i2.17236.
Dewi, Ajeng Listyo, and Wisnu Panggah Setiyono. “The Effect of Financial Literacy, Financial Inclusion, Fintech Crowdfunding on MSME Performance in Sidoarjo Regency.” Indonesian Journal of Innovation Studies 20 (October 2022). https://doi.org/10.21070/ijins.v20i.727.
Dzulfikar, Muhammad Zacky, Purbayu Budi Santosa, and Eddy Yusuf Agung Gunanto. “Analysis of Millennial Muslims Preferences on the Crowdfunding Platform.” Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) 5, no. 1 (2022): 24–47. https://doi.org/10.31538/iijse.v5i1.1796.
Febrianti, Ni Made Nila, and Gede Sri Darma. “Millennials’ Intention to Invest through Securities Crowdfunding Platform.” Aptisi Transactions on Technopreneurship (ATT) 5, no. 1 (2023): 19–30. https://doi.org/10.34306/att.v5i1.280.
Maulana, Muhammad Asrul, and Mochamad Tanzil Multazam. “Virtual Land: Deciphering Blockchain-Based Property Transactions and Their Legal Implications.” Jurnal Wawasan Yuridika 7, no. 1 (2023): 81–99. https://doi.org/10.25072/jwy.v7i1.574.
Maulana, Muhammad Asrul, and Safia Adisty Mutiara Aaliyah Sulaiman. “Analisis Perlindungan Hukum Terhadap Kekayaan Intelektual Pada Platform Jual Beli E-Commerce.” Res Judicata 6, no. 1 (2023): 29–29. https://doi.org/10.29406/rj.v6i1.5269.
Muhammad Asrul Maulana, Dwi Nadhiro Salsabila Azizah, and R. O. . Nanda. “Improving the UMKM Economy through Business Legality Strategies.” SN-IMEKB 2, no. 2 (2023): 187–200.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Muhammad Asrul Maulana, Gabriella Novena Winarta
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
1. Naskah yang diserahkan penulis haruslah sebuah karya yang tidak melanggar hak cipta (copyright) yang ada.
2. Hak publikasi, editing, dan pengunggahan atas semua materi naskah jurnal yang diterbitkan/ dipublikasikan dalam situs Jurnal Jurnal Hukum Positum ini dipegang oleh Dewan Redaksi dan pengelola Jurnal dengan sepengetahuan penulis (hak moral tetap milik penulis naskah).
3. Naskah yang diterbitkan/dipublikasikan secara cetak dan elektronik bersifat open access untuk tujuan pendidikan, penelitian, dan perpustakaan. Di luar tujuan tersebut, Dewan Redaksi dan pengelola jurnal tidak bertanggung jawab atas pelanggaran terhadap hukum hak cipta.
4. Ketentuan legal formal untuk akses artikel digital jurnal elektronik ini tunduk pada ketentuan lisensi Creative Commons Atribusi-NonCommercial-No Derivative (CC BY-NC-ND), yang berarti dengan izin penulis, artikel dapat didistribusikan ke pihak lain bukan untuk tujuan komersial dan tidak merubah bentuk aslinya.
Magister Ilmu Hukum, Fakultas Hukum, Universitas Singaperbangsa Karawang
