If you want to start a business in Malaysia, there are a lot of forms of business entities that you can choose from. Out of the choices, you may have decided to establish your business as a partnership. Before you start registering the business and proceed to the next steps, you need to have a […]
Category: Bookkeeping
Do You Understand the Useful Life of Assets?
When you are dealing with the accounting tasks that are related to assets, you will often come across the phrase “useful life”. It refers to the amount of time the assets are expected to be functional and are suitable for its functions. Some people would call it as economic life, effective life or service life. […]
Accounting – Interest Expense
It is common knowledge that if a business wants to increase its profits, it should either increase its revenue or cut down its expenses. Interest expense is an expenditure that business owners would often neglect as it seems like a small amount that some of the business owners would not even calculate carefully. Others may […]
The Similarities and Differences between Sole Proprietorships and Partnerships
If you are one of those who want to run a business on a small scale, you may be choosing between establishing a sole proprietor or a partnership. Before you decide, you need to study their similarities and differences thoroughly, then only you can make the decision and engage a company incorporation service in Johor […]
Limited Liability Partnerships (LLP) in Malaysia
You might have heard of companies that are incorporated as a limited liability partnership (LLP), but you may not have an idea about what it is and how it works. A limited liability partnership is a form of business entity which is governed by the Limited Liability Partnerships Act 2012. It has merged the traits […]
Prohibitions on the Use of Company Names under the Minister’s Direction
According to the Companies Act 1965, a company must get the approval from the SSM or the KPDNHEP on the company’s name before they register the name for the company or change the company’s name. When considering a company name application, SSM will comply with certain restrictions and prohibitions. This includes the prohibitions in using […]
Prohibitions on the Use of Undesirable Company Names
When you want to establish a company (Also see What are the Types of Company Limited by Guarantee?) and start running a business, do you know how you should name your company? Besides being creative and thinking about how the name can introduce your business to people, there are some prohibitions that you need to […]
Understanding Down Payment
Down payments refer to the amount of money that the buyer needs to pay the seller before the finalisation of a sale. That amount will usually be a percentage of the total sum of the sale, and it serves a guarantee to the buyer. Typically, you need to make down payments when you purchase high-priced […]
Understanding Operating Expenses
As a business owner, do you know that you should categorise the costs that your company has incurred? We can divide the costs into two categories, which are the capital expenditure and operating expenses. In this article, we will shed light on the operating expenses, which are the costs that the company has incurred in […]
Understanding the Issuance of Bonus Shares
The term “shares” may sound quite familiar to most people, but what exactly shares are? Generally, shares refer to the units of ownership interests that one has in a company or the financial assets that can provide one with the equal distribution that the company has declared in the form of a dividend. For some […]