Entrepreneurs or new start up face many challenges in today’s ultra-competitive business world; fortunately, contemporary times have also blessed entrepreneurs with more resources for tackling those problems than ever before.

With our “UnBox Your Business” support, we define why problem exists and offers the appropriate solutions so you can operate an efficient and successful business. We guide you through the entrepreneurship journey at this beginning; guiding you to select the appropriate business entity for your business.

Our packages are all preloaded with only Sdn Bhd formation.

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KEY DIFFERENCES BETWEEN SDN BHD AND ENTERPRISE (SOLE PROPRIETOR & PARTNERSHIP)

Issues to consider Enterprise Sdn Bhd
Regulatory compliance
  • Governed by Registration of Businesses Act 1956
  • Governed by Companies Act 2016
Owner’s liability
  • Unlimited liability
  • Personally liable for all debts
  • Limited liability
  • Protection for the shareholder’s personal assets against commercial debts
Raising capital
  • Raising fund is difficult
  • Limited to owner’s own resources
  • Raising fund is easier
  • Shareholders are more readily to invest as there is no further liability beyond investment
Bank borrowings
  • Owner’s personal liability might be taken into consideration, reduce the borrowings
  • Consider as a separate entity from the owners
  • Borrowings may be determined based on the financial performance of the company
Income tax
  • Maximum tax at 28%
  • Maximum tax at 24%
Business continuity/ transfer of ownership
  • Might be difficult to sell business as a going concern
  • Simple selling process by transferring of shares
Professional support
  • Professional support
  • Company Secretary to provide compliance support

HIGHLIGHTS

Funding

Funding

To secure a loan or funding is more viable as a Sdn Bhd

Funding

Liabilities

Shareholders are not responsible for company’s liabilities

Funding

Flexibility

Flexible in ownership transfer

Funding

Transparent

Transparent and no hidden fees*

* Inclusive of registration fee RM1,010 payable to SSM

The Process

Get your company within 2 working days **