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 […]
Law Firms Accounting & Bookkeeping 101
Most of our conversations with lawyers from law firms always goes back to how the firm’s accounting and bookkeeping is a complete headache to them 😂 And, understandably so – they didn’t get into law to do accounting. That being said, if you aspire to own a law firm, you need to know the essentials […]
Holding Company: Definition, How It Works, Types
Have you ever wondered how one can own multiple companies which would remain separate from each other? 🤔 The answer – by setting up a holding company. In fact, you would be surprised to know that many companies that you have heard of or work with are actually owned by a larger holding company. 🏢 […]
Tax Incentives for Malaysian Tax Resident Companies
When we talk about running a company, topics such as business strategy and long term plans, daily operations, sales forecast, marketing budget etc would arise. You rarely hear about tax resident status and tax incentives. If you don’t talk about it, there’s not much awareness on it and when people aren’t aware, they could miss […]
Annual Compliance for a Private Limited Company (Sdn Bhd)
Did you know that as a private limited company (Sdn Bhd) owner in Malaysia, you have a responsibility to ensure your company meet business compliance as requested by Suruhanjaya Syarikat Malaysia (SSM) 🤨 Yes, that’s right – we are talking about financial statements, tax returns and so on. With the list of different documents needed […]