im still a bit confused here between Enterprise and Sdn Bhd.
From what i understand is that under Enterprise, its a one man show. Useful if you're running a small business, say like freelancing photography and you both share the same bank account basically. Whatever money you make from the enterprise is basically your salary.
And under Sdn. Bhd, its a company which needs a secretary and auditor/accountant in order to be formed. Useful for companies which wanna play big, like trading, selling cars....etc~ Your bank account and company bank account is separated and you cant touch the company money (although your the CEO/Registered under your name) except through company claims, like petrol...etc, and you get a salary from company which is deducted from the company bank account and into your personal bank account.
am i dead wrong so far?
Here's my scenario:
im planning to start up a business, but i wanna register the name first so that others cant get it. but i only plan to actually use this name in the next few months to a year once i get the ground work laid out. for easier understanding, lets say i wanna register the name "Hello World".
so, should i:
A) Register the name under a Sdn Bhd?
B) Register the name under Enterprise (sole proprietor)
However, if i were to chose option B, and say some years down the road and business goes well, i wanna "upgrade" the sole proprietorship to Sdn Bhd.? is this possible? And, say while i own "Hello World Enterprise", can someone else register the same name "Hello World", but as a Sdn Bhd? can they do that?
thanks in advance for your advice all!
How to register company?!, Experienced person ONLY welcomed!!
May 12 2011, 06:01 PM
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