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 Setting Up Own Company, Diff btw Trading and Sdn Bhd

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TSneotv
post Jun 12 2006, 11:03 AM

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hi all, I finally got my enterprise registered.
Quite easy, went there, fill up form PNA 42 and 1A.
queue and check for company name availablilty. then have the form sumpah by the suruhan jaya sumpah.

Paid RM 10 for Sumpah and RM70 for the registration.
Submitted the form and now I have to wait for 2 weeks for the process.
going back there on 20 Jun to get my company number.

If you have any problem doing this alone, there are plenty of people around who is willing to do it for a fee. Price range from RM 20 to RM60.
(this is Penang price, not sure bout KL)
alqa
post Jun 13 2006, 01:48 PM

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kudos to you.... as a small business advisor i met lots of people who voice thier dissappointment in thier day job and ask all sort of advises to setup their own business, but nobody ever made the final gesture. here's a person who actually went out and did it!

Good luck in your undertakings.
TSneotv
post Jun 13 2006, 06:21 PM

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thanks...
hope this baby step will bring me to another level...

now started.. now i know that there are more plannings that need to be done... lots more than what i initially thought
Angel On Fire
post Jun 23 2006, 07:55 AM

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From: PeeJay


Pardon my ignorance, but let's say a group of friends want to set up a cafe or a comic shop. The business is too small to be a Sdn Bhd, so it's an enterprise/partnership. Is it possible to be a limited liability partner in such an enterprise or is every partner legally liable?
nepguga
post Jun 23 2006, 08:27 AM

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QUOTE(pavithran @ May 30 2006, 03:12 PM)
Then what is the diff between Sdn Bhd and Bhd ?
*
SDN BHD not public listed while BHD is public listed! ^^

alqa
post Jun 23 2006, 12:19 PM

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QUOTE(Angel On Fire @ Jun 23 2006, 07:55 AM)
Pardon my ignorance, but let's say a group of friends want to set up a cafe or a comic shop. The business is too small to be a Sdn Bhd, so it's an enterprise/partnership. Is it possible to be a limited liability partner in such an enterprise or is every partner legally liable?
*
short answer is no.... that's why sole proprietor or partnership business are usually referred as unlimited liabilities business... becos legally, there are no boundaries between your personal and your business property. Your liabilities are unlimited. Failures in your business may mean a loss of your personal property.

why dont u just invest RM2500++ and get a Sdn Bhd registered, or buy one off the shelf. easier on the liabilities.... and taxation too.

This post has been edited by alqa: Jun 23 2006, 12:20 PM
Angel On Fire
post Jun 26 2006, 12:19 AM

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Thanks for the advice, alqa.
sky2006
post Jun 26 2006, 11:23 AM

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anyone can advice, what sort of licenses to obtain from authorities to open small-scale training center, teaching Microsoft software?
How competitive is training service right now?
TQ
alqa
post Jun 26 2006, 03:20 PM

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a registered business (sole prop or sdn bhd) with business premise license from local municipal authority. but best to get some kind of approval / appointment from Microsoft for MSCE, etc. to maximise your potential, you might want to register with Human Resource Ministry under thier Human Resources Development Fund.


competitiveness.... well suffice to say that nowadays, everybody and thier mother is a trainer. but depends on location and market share.

This post has been edited by alqa: Jun 26 2006, 03:22 PM

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