QUOTE(Timber @ Feb 12 2022, 03:02 PM)
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 homeworkI 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.
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
Feb 12 2022, 03:16 PM
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