open PLT lo

Doesn’t really matters Sole prop, PLT or Sdn bhd

When business still small, creditors still not big amount outstanding, so risk still manageable.

When grow to medium/large size, any dealing with major suppliers/customers will still need to signed personal guarantee side deal.
The exposure of bankruptcy still have, unless the company are really cash strong track record until there is no need personal guarantee.

This post has been edited by Iceman74: Dec 1 2020, 03:18 PM

not necessary 20 lar.
if your staff salary all together with your business expenses is heavy then sdn bhd and help you pay less tax

i see...

The amount of money you get to save on tax annually will be multiple times of that RM30/RM60 fee. Unless you are not planning to pay tax in the first place, then I no comment.

If below 500K income, stick with enterprise. If u supplying to gomen or have large contract, opt for private limited.

If enterprise, whatever tied to your name will be at risk if the business defaults. Suppliers or customers can sue u for payment.

If private limited, only the company at risk unless the directors signed a letter of personal guarantee.

LLP nuff said

If TS starting business on his own, can still be considered an LLP?

How many shareholders? If one just register sole proprietorship la. Not like you can get financing also.. no need private limited

Sole Prop = Enterprise?

at least 2.

find mother/father/nenek/atok/gf/wife

cheaper tax compare to enterprise

no need company secretary like sdn. bhd.

what is PLT?

Pick one:-

Sole proprietor
Partnership
Limited Liability Partnership (LLP / PLT)
Private Limited Company (Sdn Bhd)

Maybe you should stop using the word Enterprise? Not compulsory to put Enterprise for Sole or Partnership or others.

perkongsian liabiliti terhad

cheaper to maintain, no need audit

Sdn bhd

start small then only slowly convert to mnc

Can convert Sdn Bhd to Limited Liability?

Small biz = enterprises
Bigger biz with 200k net profits annually sdn bhd

Sdn bhd u need to hire secretary, accountant, yearly RM5k-10k fees per year

if Sdn Bhd, buy car/property using company name..when debt done pay...
then transfer to personal can ?

During this covid situation...business teruk...we need all the cash reserve we have so...spending on audit, company sec charges and then SSM....its not good business sense to carry on with Sdn Bhd anymore until things improve.