Wanna find the wisdom of the many. For those who own business, do you register yours as Sole Proprietor or as Sdn. Bhd? I saw an add by BOSSBOLEH where it's easier to start your Sdn. Bhd. online and low commitment fee.

I have been running a side business using Sole Proprietor trade name for quite sometime now and over the last 2-3 years, business has been picking up and I think it's a matter of time I can go full time running it.

So I want to ask, any real benefit going Sdn. Bhd rather than continue on using my current Sole Proprietor business?

I am

1) Very comfortable at what I am now. I am looking to expand, but perhaps keeping it small due to the nature of my business niche. I am so far still one man show, not intending to hire any worker to keep my cost low ( and sleep well at night)

2) My business if more on consultation project kinda basis, so there is no need to have an actual office. I operate from home, and where there is a need I meet with potential clients on site.

I am no way a successful businessman, so looking at those who has "arrived" to point me the way.

u need to do your homework

sdn bhd needs a full time company secretary, and AGM submitted to ROS and bla bla bla

your company account must be audited and many many many more rules

if u work from home and is one man show, stay with sole prop

i hope u did convert your tax file to B and pay your taxes accordingly, both from salaried and business income

Unless it's a requirement from your customers, no need sdn bhd. Waste money and effort to maintain. There are now hybrid ones where no need audit one. The limited liability is bs, unless you purposely use it to cheat. For honest biz like yourself it does nothing.