Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed New Topic New Poll

Outline · [ Standard ] · Linear+

> [wta] Registering e-business, Must or not?

electronicfly
post Jul 21 2010, 05:08 PM, updated 16y ago

Getting Started
Group Icon
VIP
100 posts

Joined: Nov 2007
From: Selangor



Referring to an article by The Star (http://thestar.com.my/news/story.asp?file=/2010/7/21/nation/6703388&sec=nation) they wrote that

QUOTE
The Malaysian Communications and Multimedia Commission (MCMC) has taken legal action against 400 local online e-business operators in the last two years for not registering as business entities.

Malaysia Business Ethics Institute (MBEI) chairman Dr Zainal Abidin Abdul Majid, said most of the operators were charged under Section 12(1)(a) of the Business Registration Act where they face up to 12 years in jail or a fine of up to RM50,000.


So does that mean all of us traders here, as well as the 213484321432145327503275 blogshop owners need to register their business? I tried looking for more info on the SSM website but all I found were directions on how to register, rather than on who needs/does not need to register.

Can anyone give more details on this issue please? If it's an opinion please state that it's your opinion, but if you are giving facts could you please state that it's facts, and preferably include some sites I can go to to read up on this?


Closed because there's another similar thread. http://forum.lowyat.net/topic/1497139

This post has been edited by electronicfly: Jul 21 2010, 05:31 PM
miyukiting
post Jul 21 2010, 05:12 PM

New Member
*
Junior Member
10 posts

Joined: Feb 2010


just register minimum as a sole prop / enterprise...biz description as online business la


Added on July 21, 2010, 5:14 pmpros : u can now have a legitimate biz, opening of current account with any bank

cons : you r due for taxation

This post has been edited by miyukiting: Jul 21 2010, 05:14 PM
electronicfly
post Jul 21 2010, 05:15 PM

Getting Started
Group Icon
VIP
100 posts

Joined: Nov 2007
From: Selangor



QUOTE(miyukiting @ Jul 21 2010, 05:12 PM)
just register minimum as a sole prop / enterprise...biz description as online business la


Added on July 21, 2010, 5:14 pmpros : u can now have a legitimate biz, opening of current account with any bank

cons : you r due for taxation
*
Registration itself is not a problem, but it's the taxes and accounts thing that's annoying. If everyone HAS to register, then I rather not do business lo.

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0288sec    1.20    5 queries    GZIP Disabled
Time is now: 19th December 2025 - 07:55 PM