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 Setting Up Own Company, Diff btw Trading and Sdn Bhd

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TSneotv
post May 12 2006, 10:42 PM, updated 20y ago

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Just wondering if anyone has experience setting up your own company.
What is the difference between Trading (Enterprise) and Sdn Bhd. In terms of risk, in terms of tax... start up capital...

any sharing will be appreciated.
TSneotv
post May 13 2006, 07:17 AM

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anyone have any idea how much it will cost to register and those sort of things?
TSneotv
post May 13 2006, 10:18 AM

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so let's say if start with Trading.. bcos it is going to be a small business, it can still be coverted to Sdn Bhd anytime right....
TSneotv
post May 13 2006, 11:47 AM

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i think it will cost more to register and maintain a sdn bhd...
at least 5k right...
TSneotv
post May 13 2006, 08:35 PM

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thanks for all your advice guys....
i think i will go for trading company first... then only convert to sdn bhd if really make money
TSneotv
post May 14 2006, 07:59 AM

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QUOTE(badawi_rocks @ May 14 2006, 07:55 AM)
You are very very much mistaken.  Ever heard of RM2 companies?

The minimum paid up capital for a Sdn Bhd is RM2.  Each director subscribes to 1 RM1 share each.  The cost of setting up a Sdn Bhd company would vary depending on who you engaged to set it up for you, but would be around the RM2200 figure.
*
That means it can be done as far as I have 5k in my hand... and get another person as a director
TSneotv
post May 15 2006, 08:39 PM

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another question related. If the debt does not follow the director... then people would open company.... take loan or get loan by using the company.. Then that company declare bancrupt... then how huh...
TSneotv
post May 31 2006, 08:44 AM

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wao... we really have a lot of experts in LYN huh....
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)
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

 

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