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Types of business entity

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Terence

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Jun 17, 2021 10:51 am

Joined: 11 months ago

Hi, I am malaysian planning to start an ecommerce business with a partner. Would like to know what's the main concern between business (partnership) and company (private limited) besides the limited liability?

Is there any difference in terms of required investment capital ? Would be great if you can advise what's the pro and cons of each and the underlying cost incurred. thanks

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Business Set Up

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Posts: 110

Paul Hype Page

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Aug 12, 2021 5:42 pm

Member

Joined: 1 year ago

Hi Terence,

A Partnership vs a Private Limited Company (Sdn. Bhd.)

Choose a Partnership if you wish to enjoy:
1. Ease of registration
2. Less compliance requirements
3. Annual tax chargeable on personal income tax (scaled tax rates)

Choose a Sdn. Bhd. If you wish to enjoy:
1. Higher credibility
2. Better access to funding
3. Ease of future business expansion
4. Corporate tax advantages like the SME Digitalisation Grant Scheme etc.

We go in depth and evaluate all types of business entities here

What are the 5 Types of Business Entity in Malaysia .

There is not much difference in terms of required investment capital. The underlying cost you can consider are set up fees, compliance fees, and tax liabilities.

It is highly recommended to speak to our advisors for your decision making. WhatsApp us at +65 8483 3084.

Cheers,
Paul

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