Ownership Companies in Malaysia

The Companies Commission of Malaysia (SSM) defines an owner-operated company as a company "in which the majority of voting power is held by its directors or persons connected with them". In other words, an owner-operated company is a company that is controlled by its directors or by people connected to them.

There are several advantages to owning and operating a company in Malaysia. First, owner-operated companies are not subject to the same disclosure requirements as public companies. This means that the owners can keep their business affairs private and avoid public scrutiny.

Second, owner-operated companies are not subject to the same rules and regulations as public companies. This means that the owners can operate their businesses in a more flexible and relaxed manner.

Third, owner-operated companies are not required to hold annual general meetings or to appoint auditors. This means that the owners can save time and money by not having to comply with these requirements.

Fourth, owner-operated companies can issue shares to their directors and employees. This means that the owners can reward their directors and employees with a share in the company's profits.

Finally, owner-operated companies can be sold or transferred to another owner without the need for shareholder approval. This means that the