Corporation Companies in Malaysia

A corporation is a company or group of people authorized to act as a single entity (legally a person or persons) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

In Malaysia, a corporation is a legal entity that has a separate and distinct identity from its shareholders. A corporation can enter into contracts, own property, and sue or be sued in its own name. A corporation is typically managed by a board of directors which is elected by the shareholders. The board appoints the executive officers of the corporation, who carry out the day-to-day operations of the business.

The shareholders of a corporation have limited liability, meaning that they are not personally responsible for the debts and liabilities of the corporation. This limited liability is one of the key advantages of incorporating a business.

Another advantage of incorporating a business in Malaysia is that a corporation has a perpetual existence, meaning it can continue to exist even if its shareholders change. This is in contrast to a sole proprietorship or partnership, which will dissolve if the owner dies or withdraws from the business.