i think it will cost more to register and maintain a sdn bhd...
at least 5k right...

to register a sdm bhd u need at least rm2500, and yearly payment for company secretary around rm1k.

if im not mistaken for SDN BHD the minimum paid capital is RM50k or RM100k... and maximum RM500k

meaning u need to have that amount of cash first in bank, then only can open a SDN BHD...

Im not sure about the amount but its definately much more than RM10k

and you need at least named 2 person as director...

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.  Generally, people form a company as an RM2 company with *authorised* capital of RM100k, and then gradually pump money into it.  The cost of setting up a Sdn Bhd company would vary depending on who you engage to set it up for you, but would be around the RM2200 figure.

Then i dun get it, why are Enterprise or Sole Proprietor companies so much cheaper..?

Don't they have to pay for auditing and secretarial services as well..?

by far the best informative one I've read thus far. rclxms.gif

but i got a continuing question regarding the enterprise.

yearly accounting or auditing that one how..? what's there to be done..? who should do it or can do it for you..?

I got question: Sdn Bhd, since the owner n the company r 2 separate entity, if the co is closing down n after sell off everything still have debts, then how?

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...

when you apply for a loan, the participating organization will perform a check on your compnay and the shareholders. they would perform a credit report check. if you credit report is healthy then they will approve the loan.

if your company is "predicted"  to not capable of returning, then they would obviously reject the loan application.

if things are like what you said, the world are gonna get screwed up badly.

Actually dude what kind of business are you in? Maybe if we know what your forte is in then you'd have a chance of getting a good answer.....

Like myself I'm doing creative stuff, graphic design / DJing / music production / events management... I did set up an enterprise but it was too hard to get business and work done o my own... So eventually I started a Sdn. Bhd. with two other partners.

PAVI - A sdn. bhd. needs a minimum of 2 shareholders and cannot be publicly listed... which means that the public cannot buy your shares in the share market.
A berhad however can be listed in the stock exchange but needs something like 10 partners... not sure excactly how many.... If you have a business that is generating 'that much money' and is a good service/product that the public might consider investing in, then berhad is the way to go. hope that helps.

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.

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.

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

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?

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?

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.?

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

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