Proprietors Companies in Malaysia

A proprietor company is a company that is owned and run by a single person. In Malaysia, there are several types of proprietor companies, each with its own advantages and disadvantages.

The most common type of proprietor company is the sole proprietorship. This type of company is easy to set up and requires very little paperwork. However, the sole proprietor is personally responsible for all debts and liabilities of the company.

Another type of proprietor company is the partnership. This type of company is similar to a sole proprietorship, but there are two or more partners who share responsibility for the company. The advantage of a partnership is that it can raise more capital than a sole proprietorship. However, the partners are personally responsible for the debts and liabilities of the company.

The last type of proprietor company is the limited liability company. This type of company offers limited liability to its owners, meaning that they are not personally responsible for the debts and liabilities of the company. Limited liability companies are more complex to set up than sole proprietorships and partnerships, and they require more paperwork.