Company Resolutions in Malaysia│Why Is It Important
While the Board of Directors make important business decisions and approve actions for the company, it’s important to take note of everything and have a written document or statement – which is what we refer to as resolutions 📝 Company resolutions are not just for recording purposes during a board meeting, but it will help […]
Core Duties of a Company Secretary in Malaysia
Most of our clients agree that a company secretary is arguably the backbone of the company – responsible for all administrative tasks as well as statutory and regulatory compliance-related matters 📑 If you still have any doubt on the importance of appointing a company secretary, know this – in Malaysia, it’s actually a legal requirement […]
The Advantages & Disadvantages of a Partnership
What’s the most common and simplest business entity in Malaysia? Partnership! You can easily go into business with another person without the perceived formality of a limited company 👍🏻 Not just that, a partnership is also great for financing, expertise, and shared responsibility 👎🏻 BUT, don’t forget about the disadvantages like partner liability and conflicts […]
Changing the Name of a Malaysian Company
What happens when your company name is no longer suitable for your latest venture or new target audience? 🤔 You can actually CHANGE IT! Check out the pros and cons, procedure and some important tips to get you started. Why Should a Company Change Its Name? A change of management and shareholders The Company product […]
What Would Happen If Directors Breach Their Duty?
“I think there has been a breach of responsibility by one of the directors in my company. What should I do?” Well, the first step is to seek professional advice and conduct further investigation 📄 Fortunately, the Malaysian law places a safeguard to protect the shareholders against any negligent or errant directors. In Malaysia, a […]
What Solicitors Need to Know: Duties of Accountant Before Signing The Accountants Report
⚖️ Attention to all solicitors! As the date is approaching for you to submit the Accountant’s Report to the Bar Council, we have put together this guide to provide more information on the Reporting Accountant’s responsibilities and procedures when preparing an accountant’s report 📝 Find out what are the key documents and items that will […]
Everything You Need to Know About Setting Up a Foreign Branch Office in Malaysia
💼 Foreigner looking to set up a company in Malaysia 🗺️ Foreign business looking to expand operations to Malaysia If you can relate to any one of the situations above, you should consider setting up a branch office in Malaysia – which is basically another type of foreign business option available for those who intend […]
How to Strike Off Company in Malaysia?
Ever wondered what happens when a company becomes dormant, or when the directors no longer agree or have the means to continue incurring the cost for the company’s upkeep? You can strike it off! It’s basically one of the processes available under the Companies Act 2016 for the dissolution of a company. Best part, it’s […]
Types of Business Entities in Malaysia │Pros & Cons
As a business owner, one of the first things to consider is – which type of business entity should you choose? 🤔 Because as we all know, laying down a solid foundation and business structure is crucial for the long term success 💯 With that said, there are different business entities in Malaysia – to […]
5 Reasons to Run Your Business under a Sdn Bhd in Malaysia
There are 8 different types of business entities for entrepreneurs to register as in Malaysia and it’s important to note that each business entity has different requirements and suits different business goals. The most common one is of course, a private limited company or what most of us refer to as Sdn Bhd. Now you […]