Hi all,

Not sure if I am the right place to seek for guidance.

Anyways, I am currently a full time employee in the [undisclosed] profession.

I intend to build up my income on paper by additional RM2,000+- / month (at least for the 1st year) by setting up an enterprise. The nature of business would be provision of business consulting services.

As my real income i.e. salary increases annually, I will also increase the revenue of my enterprise gradually. This will show some kind of growth in my so called "business".

Let's just say the purpose is to build a strong personal financial record for my future business, investments which may require financing from the banks or purchase of own property.

Any advice for and against such move?
Any major tax impact if I were to do so?
Any legal consequences / risks to consider?

Appreciate and many thanks in advance.