Firms And Corporation Companies in Malaysia

A firm is a business organization, usually one that is engaged in manufacturing or commercial activity. In Malaysia, firms are registered with the Registrar of Companies and must comply with the Companies Act 1965. A corporation is a legal entity that is separate and distinct from its shareholders. A corporation can enter into contracts, own property, and sue and be sued in its own name. In Malaysia, corporations are registered with the Companies Commission of Malaysia and must comply with the Companies Act 1965.