Example Of Sole Proprietorship Company Name In Malaysia

Private limited company in malaysia registering an sdn bhd.

Example of sole proprietorship company name in malaysia. The registration fee for the sole proprietorship business is rm25 per annum if they are using their personal name and if you are using a business name then it is rm50. Proposed company s name is prohibited by the companies act 1965 or any other relevant acts. Types of business structures which can be used for company incorporation in malaysia. 10 examples of sole proprietors.

If an applicant or promoter of a company has justify to use the names or words contained in the aforesaid direction for enterprise company registration in malaysia the said applicant or promoter has to apply to the minister through the registrar of companies stating the reasons or justifications for using such names or words malaysia company name format as part of the proposed name by the. Sole proprietorship registration is the most common and simplest legal business structure option in malaysia. Looking partnership companies in malaysia including melaka raub kuala lumpur george town and more. Registration of a new business to be done within 30 days from the date of commencement of the business.

A sole proprietorship is a business wholly owned by a single individual using personal name as. Sahara business center united states info email web phone sahara business center offers upscale affordable executive offices. Company list malaysia looking partnership. For certain businesses this structure is suitable because it is the simplest and least expensive business structure with regard to its setup.

This is a traditional and common business structure which can be found all over the world. There will be an additional fee of rm1 for each of the branch that has been registered and rm5 for a copy of the registered business information. Sole proprietorship partnership company sdn bhd or limited liability companies llc are the three most popular company structures in malaysia. Sole proprietorship malaysia comparing with sdn bhd.

Complete the business registration form refer to guidelines for new business registration business may be registered using personal name or using a trade name. Sole proprietorship is governed by companies commission of malaysia suruhanjaya syarikat malaysia and registration of businesses act 1956. Listed below are some examples of successful partnership companies in malaysia. Proposed company s name is undesired for use as company name for example ekor ayam sdn bhd.

It is preferred by most entrepreneurs because it offers advantages that partnerships and corporations can t provide. Here in this article we will deal with the sole proprietorship malaysia and also figure out how it is different from that of a sdn bhd or limited liability company. This fee varies depending on your company s name.