Waa nice to see more ppl have come to provide their valuable knowledge and share their experience

Sdn Berhad need to meet lotsa legal requirement before they can "go public" and become a Berhad. aside form the asset and income requirements, there are legal requirements and must pass the scrutiny of the Securities Commission. Berhad means you can raise fund from the general public by offering them to purchase your shares.

as have been said...Enterprise, Sdn Bhd or Berhad is just a matter of legal formation. since Enterprise is a sole proprietorship (one man show-normally) ppl tend to have reservations when dealing with them. Whereas Sdn Bhd, a private limited vompany requires more no of shareholder, holds up better against law suits. Berhad is a public listed comany, is considered the most secure, even when thier employees want to apply loan, nobody question a payslip from a Berhad company.

small business go for Enterprise first, especially when you're just selling goods on retail basis. if you're providing service or selling your expertise, better be a Sdn Bhd, more credible.

Is it true if I had a Sdn Bhd and any legal disputes were to be brought up, I'll only be sued for all assets of my company and not personal assets like my house or my car and etc..?

Actually, could I get a rough idea of what kinda assets that could be liquidated or be claimed when bankrupt later or if someone sued until there isn't money left? Thanks.

Not really. There are provisions relating to personal liability for directors even in a Sdn Bhd. This usually occurs where there is bad faith or fraud on the part of the director.

that mean if every single thing u buy if u're name it under your company name u'll escape from paying too much for personal income tax right?..one of the loop-hole we can find

I was reading quite a few articles provided at ReadyCompanies.com (didn't like the idea of the Registered Office being there though) and I noticed for a Sdb Bhd the expenses goes something like this.

Fees paid annually:
- company tax
- auditing
- company license

Fees paid monthly:
- secretarial fees

I know I'm missing a few others, anyone can help me out here? Thanks.

In case if you wanna know about bankruptcy issue, you can click
on this thread below i started at real word issue section.

http://forum.lowyat.net/index.php?showtopic=292951



Doesnt matter if HERO VENTURES is located at sentul or whereever.
in fact, i get my company done through them couple of years ago.

yes, that's right the monthly fees you have to pay, but normally they will bill you
yearly in that, costing about RM800 yearly.

the annually fees which covers audit, taxes, company license about
RM1200 to RM2K above.

dont worry, they got despatch boy to deliver documents to you, so you dont
have to walk in there everytime you require them to do something. just call them.

somehow, you are right about this. get anything assets, cars under company name registration. everything borne by company.

you buy cars with company profits can lessen your income tax already.

Any experts can answer my question before? Plus is it a must that a sole proprietor have to submit their accounts? A sole proprietor need to register for a separate income tax?

usually sole proprietor put their name like blabla enterprise or blabla trading depending nature of business. they dont need to be audited.

Corporation is another term of company
Incorporated(Inc.) is american name for public limited company(malaysia used berhad)
Holding mean company that owns a majority of shares in another company
Sdn. Bhd(Ltd.) is private owner corporation
International (Intl.) is a international company that have overlapping ownerships and have multiple branches and lines in different regions
Conglomerate company is where a large company with variety of business not related to one another (i.e: Sime Darby)


A sole proprietor only need to pay personal income tax as their business and person who run the business is the same entity which the more he/she earn profit from his business the more he/she must pay for income tax

I know that sole proprietor doesn't need their accounts to be audited, but are they required to hand in the accounts?

So you're saying we don't have to apply for 2nd income tax for the sole proprietor business?

no need to submit tax for your sole company.
my friend runs sole company and went to LHDN to apply for tax file, and guess what, he became a laughing stock.... lol

you yourself must submit tax in personal.

Got it. How about non-audited accounts? Let's say we are earning money from sole proprietor, don't we have to let SSM/whichever relevant authority know about it? Or we don't have to let them know?

When a Sdn. Bhd. needs to close down, they'll have to post on newspapers and many other procedures. What about sole proprietor then? What needs to be done to convert a sole proprietor to Sdn. Bhd.?

This post has been edited by AnimeAsia: Jun 1 2006, 05:41 PM

Non audited accounts, in fact from what i see, hundred or many of sole companies
only get their accounts book done properly, dont have to audit.

but say, if your business gross one million above, you better convert to s/b.

when s/b close down, you can see the ads in paper everyday after court judgment.

process can take up to 6 months when you apply for company wind-up.

get any secretary company to do or legal company to do.

for conversion, as usual, go to secretary company...not much hassle, just sign up some papers and pay them.

so, to start an enterprise where can we do our registraration? who we can inquire the correct information?

There are plenty of it by flipping through yellow pages directory.

if not, just go ahead to The Mall, next to PWTC, cant remember which floor...2nd or 3rd or 4th floor. there are plenty of agency there...not to mention, the touts are there too.

u can find accountant to do it for u....and they will do it for u from beginning until d end.....

everything is included....

So can anyone specify the possible figure in detail for setting up enterprise...
for example:
1. registration fee - ????
2. Annual setup fee - ?????
3. Accountant's fee - ????
4. any other type of fee - ????

I would be interested to know also, how to setup a website to sell services...legally not the illegal type..thanx

* offtopic *

Determine the type of service/product you want to sell, visit the http://forum.lowyat.net/index.php?showforum=119 thread and then find someone suitable for the job and your budget.

If you need more advice, just PM me and I'll pass you my MSN to consult you.

it's depend on which accountanncy firm u get loh...
small firm they wont charge u much...
1. registration fee - about 1000+ something.. i thinks..coz there are many procedure u need to perform, like company name search, to find out whether this name is available for register o not... and anymore...
2. Annual setup fee - this shd be company secretarial fees... it's also depending on ur company size...
3. Accountant's fee - shd be consultant fee kua...depending on the accountant...
4. any other type of fee - no clear...

correct me if i'm wrong.

1: RM150 will does all for sole co. / RM2300-2500 for new sdn bhd co.

2: Renewal fee of RM25 required for sole co. no fees for sdn bhd.

3: Accountants fee - depends on your company transaction of business.
just hire a part time account fella to file up your accounts.

4: auditors fees for sdn bhd. secretarial fees. range from RM1000 to 20K, 30K.



i believe those question and answers are provided in previous postings.