To Carry On Business As Traders Companies in Malaysia

It is common for businesses to be registered as companies in Malaysia. This is because a company is a separate legal entity from its owners, and as such, it offers certain advantages such as limited liability.

A company can be either a private company or a public company. A private company is one that has fewer than 50 shareholders, and its shares are not offered for public subscription. A public company, on the other hand, has more than 50 shareholders and its shares are offered for public subscription.

Businesses that are registered as companies in Malaysia are required to carry on business in accordance with the Companies Act 1965. Among other things, this Act requires companies to maintain proper accounting records and to prepare financial statements.

The Companies Commission of Malaysia (CCM) is the government agency responsible for overseeing companies in Malaysia. Businesses that are registered as companies in Malaysia are required to comply with the requirements of the Companies Act 1965 and the regulations of the CCM.