What Should Be The Right Business Structure As A Startup In Malaysia?
The business entity you choose has operational financial and legal implications. It plays a huge part in company registration in Malaysia for foreigner if you come from a different country. It is prudent to choose the right structure of your business from the start. Discover which one suits your business the best. Sole proprietorship This kind of business structure you pick impacts the personal liability and the tax you or your business needs to pay. For instance, a sole proprietorship is the easiest to form and comes with fewer government regulations as well as tax obligations when you compare it to other business structures. It happens to be taxed at the personal level as you and your business are considered to be the same legal entity. This indicates that you are entirely responsible for your business capital, operation of the business, responsibilities of the business, and repayment of the debts of the business. Company When it comes to a company, it enjoy...