E-commerce has exploded exponentially, especially with the fall-out of the COVID-19 pandemic. With relatively low upfront costs and many great plug-and-play e-commerce platforms, it is now easier than ever to set up an online business. We have put together a step-by-step guide on how to start. Whether you are creating a new business or …
In Malaysia, companies are subject to several types of taxes such as corporate income tax, sales & service tax (SST), payroll tax, and withholding tax. It is important to understand the taxes that are applicable to your business to ensure full compliance with the tax law and regulations required by Inland Revenue Board (LHDN). …
Talk of a possible global recession has been widespread with a number of economists predicting it could happen in 2023. With the prospect of a downturn looming, consumers generally stop spending money or look for ways to cut costs because of uncertainty about the future. This has a knock-on effect for businesses everywhere. The …
A Sdn Bhd company structure provides a number of advantages including limited liability, tax benefits, and transferability of shares. Nevertheless, operating a company in Malaysia is only possible if you adhere fully to the business compliance requirements set by the Malaysian authorities. We have put together a handy compilation of monthly and annual compliance checklists …
Choosing your business name is like naming your first child. It is a key milestone in the life-cycle of your company. The name you choose should be unique, pronounceable, readable and easy to remember. It is a very important part of your brand identity and should speak to your business characteristics and resonate with …
The Do’s & Don’ts when Choosing a Name for Your Business Read More »
Proper cash flow management is vital for long-term financial success. A healthy and sustainable cash flow in and out of your business means you can pay employees, suppliers, rent, taxes, and other operating costs on time. When companies fail for financial reasons, poor cash flow management is usually the primary cause. Managing cash flow can …
Capital is the lifeblood of business. Without capital, you cannot fund your daily operations and grow your business. Finding investors does not have to be difficult. However, given the recent volatility and market correction, entrepreneurs need to recalibrate their expectations for the challenges ahead. While there remains a healthy ecosystem of angel investors, venture capitalists, …
Business Assets Business assets are anything of value to a company that helps support and promote company productivity, efficiency and revenue. They include both tangible and intangible assets.It’s important to understand the nature and extent of your business assets and, more importantly, how to protect them and your business from infringement, theft or violation. Tangible …
Protecting Your Business: Securing Your Intellectual Property Read More »
When setting up a new company in Malaysia, one of the first things to get to grips with is the differences in the roles and responsibilities of the directors and shareholders. Understanding these differences is very important and could affect how smoothly your business progresses. The Companies Act 2016 (Act) states that any business registered …
Directors & Shareholders and Their Role In Your Business Read More »
So, you’re all set to start up your business! Your first important decision needs to be what type of legal entity to form. In Malaysia, one alternative to incorporating a Sdn Bhd company is to register a limited liability partnership (LLP). An LLP combines the characteristics of a private limited company (Sdn Bhd) and the …