Under the Companies Act, the definition of a foreign company is a corporation, company, association, society or other bodies that are incorporated outside Malaysia. A foreign company can also be defined as an unincorporated association, society or other bodies that can sue others or be sued according to the step law of its origin, or […]
Category: Bookkeeping
A General Guideline on Naming a Company
Giving a name for a newly incorporated company may be one of the first things that business (Also see Errors That You May Commit When Recording Business Transactions) owners would do when they set up a new firm. However, they may not know that there are some prohibitions and rules that they need to follow […]
Changing from Private Companies to Public Companies or vice versa
Do you know that after setting up a company, you can change its form? Undoubtedly, choosing the type of business (Also see 7 Signs Your Business Needs To Hire Accounting Services) entity is crucial, and you may need a company registration service in Johor Bahru. However, when the business continues developing, some of the business […]
An Overview of Private Company
If you want to incorporate a company in Malaysia, there are a lot of forms of business (Also see Guidelines on Registering New Businesses) entities that you can choose from. Some of the business entities include sole proprietorship, partnership, limited liability partnership (LLP), a private limited company (Sdn. Bhd.) and public limited company (Bhd.). Before […]
Categories of Expenses in Accounting
In accounting, expenses (Also see Direct Expenses and Indirect Expenses) are crucial elements that help businesses assess their financial performance and maintain accurate financial records. To effectively manage expenses, they are categorized into several groups based on their nature and contribution to the overall cost structure of a business. These common expense (Also see Accounting […]
Guidelines on Registering New Businesses
Businesses (Also see How to Set Up an Excellent Business Website?) include all forms of craftmanship, commerce, trade, profession and other activities that are carried out with earn profit as the main objective. However, this term does not include any employment, office, occupation, or charitable undertaking that are stated in the schedule according to the […]
Guidelines on Incorporating Local Companies
If you want to incorporate companies that are limited by shares, you may incorporate them as a private company or a public company. In Malay, the former is Sendirian Berhad (Sdn. Bhd.) while the latter is Berhad (Bhd.). You may make the company incorporation if you have the intention of forming a company. If you […]
The Incorporation of Companies Limited by Guarantee
The incorporation of a company limited by guarantee requires an application to the Registrar as well as the submission of its company constitution. Speaking of the company constitution, companies limited by guarantee are a bit different from other companies as they must have a constitution. Also, there are some limitations on the activities that they […]
Guidelines on Incorporation of a Company Limited by Shares
Do you know what you should do when you want to incorporate a company? You need to follow some requirements if you have the intention of registering a company and start running a business (Also see Errors That You May Commit When Recording Business Transactions) in Malaysia. If you are unfamiliar with these, you should […]
Effects of company incorporation
Company incorporation is not an easy job. If you have gone through the process, you must know that in this process, you will need to fill in all the related particulars and submit a lot of documents, and you may even need the help of a company registration service in Johor Bahru to ease the process. […]