Hi

Is it more advantage open sdn bhd or better just small enterprise for small biz?

My friends tell je sdn ngd hv a lot of $$ to pay company sec to submit this & that document to SSM.

Enterprise not mecc.

Starting our small home biz selling food with 2000 capital

enterprise

your pren is korek

enterprise, later only open sdn bhd

kucin kata jangan

Enterprise if it is a small biz.

want to get loan = sdnbhd
no need loan = enterprise

Enterprise bro.

oni sohai open sole proprietorship

yearly 'maintenance fee' is around 5k-6k for sdn bhd

U go enterprise

can convert later

depends. if your business need 20 and above employee sdn bhd benefit more.
if your ownself boss, ownself kuli, ownself admin, ownself ownself enterprise je

depend on business, growing sdn bhd if not stay at enterprise

Enterprise is enough. Sdn bhd lots of fees.

Thank you all for da comment

just run business as usual.
dont open anything.
enterprise also need pay to ssm lor, not free.

Enterprise

It's dirt cheap lah: https://www.ssm.com.my/Pages/Services/Regis...le-of-Fees.aspx
It's better to open for tax benefits (can claim business expenses). Unless you are not planning to pay tax in the first place lol.

The danger of enterprise is you're personally liable to the debt of the enterprise. So your creditors can go after your personal assets.

Sdn Bhd do not have such liability. If your biz failed, you only loose the capital you pump in and creditors can't go after you personally.

WHY NO POLL


answer is Enterprise

https://www.ssm.com.my/bm/Pages/Register_Bu...rhad-(PLT).aspx

PLT Perkongsian Liabiliti Terhad
Its between Sdn Bhd & Enterprise

Berhad better.

For ur reference.

Audit n accounting fee for my sdn bhd is aorund 10k a year.

Secretary fee n other misc about 2k a year.

Pro: can deduct alot expenses, n reduce more taxable income.

If ur business really small scale, can go with enterprise first.

Sdn Bhd - Risk is losing the money available in the company is not enough money the company is closing down and everything will be liquid down to pay the debt unless you buy house and car using the company to get the loan.

Enterprise - Risk is your own, if the company is not enough money you still have to sell all your own asset to clear the debt, if still unable to clear then you have to declare bankrupt

This post has been edited by Asurada: Dec 1 2020, 12:23 PM

cheap also still money. then multiply by 10 years, can make installment iphone 12 for 1 month lol..

This

When you make RM10million, then you open Sdn Bhd.

2k no need la

PLT better. Best of both world

If sales not over 300k per annum, enterprise je lah

small biz cash selling better stay lean no need compeni, no tax no documentation expenses land of free

Sdn Bhd has limited liability. Enterprise is better cost wise provided you make sure the biz is run well and doesn't go bankrupt.

Enterprise = air suam
Llp = limau ice
S/b = frappuccino
Bhd = chivas

i mean no need anything buy a table buka gerai sudah cash in cash out no hasle tax documentation what not


back to the sdn bhd one theoretically is no liability, but practical is got liability, cos u are guarantor for the sdn bhd if u owner, so still kena as guarantor, talk song say no liability but this world where got free lunch one if got many people rich already

How about partnership?

sriously

no 14 year old shud be teached this

u teach 19yo this oso tarak paham

y so early

Start with Enterprise/Partnership if your biz remain small foreseeable future or infancy period

Start with Sdn Bhd if you sure your biz grow exponentially big within 5 years


btw 2k cannot even incorporated an sdn bhd

provided TS is a partnership biz, Sole Prop can't do PLT

Btw it also got both world of shit as well(need to prepare resolutions to do things, just like sdn bhd) especially when you want to close it down

This post has been edited by Iceman74: Dec 1 2020, 12:56 PM

yes, but at least sdn bhd, you're taking on a conscious decision as to the risk.

you'd be surprised for enterprise, at lot of these companies grow to medium size but still don't incorporate. and then when losses start mounting, they never cut loss and would suffer bankruptcy later on.

why 20

Dont need Ssm to get penjaja lesen no ?

limited liability partnership maybe...
if NORMAL partnership, it's an incredible risk. Cos your partner can drag you into bankruptcy.

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.

so far..

i bosss. no workers.

enterprise enough

The term is not convert. Need to wind down sdn bhd and open new one LLP. Do reading first or refer to your cosec see suitable for your needs or not. I still keep few sdn bhd, few others changed to LLP to reduce cost and doesn't need sdn bhd

enterprise je.

No need to wind down Sdn. Bhd.

Yes, Sdn. Bhd. and normal partnerships may be converted into a LLP.

FAQ Limited Liability Partnership

go for "syarikat perkongisian"

easy enter tender

lel

Thank you

2k capital, just go enterprise la.

Not even an option for you to go Sdn Bhd with that capital.