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 Better to open Sdn Bhd or Enterprise for small biz

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imnotabot
post Dec 1 2020, 12:00 PM

On my way
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531 posts

Joined: Oct 2016
QUOTE(LA757 @ Dec 1 2020, 11:50 AM)
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
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Enterprise is enough. Sdn bhd lots of fees.
imnotabot
post Dec 1 2020, 12:05 PM

On my way
****
Junior Member
531 posts

Joined: Oct 2016
QUOTE(otai_g @ Dec 1 2020, 12:02 PM)
just run business as usual.
dont open anything.
enterprise also need pay to ssm lor, not free.
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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.
imnotabot
post Dec 1 2020, 01:13 PM

On my way
****
Junior Member
531 posts

Joined: Oct 2016
QUOTE(otai_g @ Dec 1 2020, 12:32 PM)
cheap also still money. then multiply by 10 years, can make installment iphone 12 for 1 month lol..
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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.
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