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

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