Not sure whether to upgrade to Sdn Bhd?
Let us help you?
Why do people change to Sdn Bhd?
Liability
Assets are protected from the company's debts and liabilities. They are only liable for the amount of capital they have invested in the company.
Perpetual Succession
Shares in a Sdn Bhd can be easily transferred to other individuals, either through sale, inheritance, or gifting.
Capital Raising
As a recognized and legitimate business structure, Sdn Bhd companies have easier access to bank loans, grants, and other forms of financing. This allows them to raise capital for expansion, investment, and growth.
Taxes
Sdn Bhd companies are subject to a corporate tax rate, which is generally
lower than the individual income tax rate. This can lead to significant tax
savings for the company and its shareholders.
What can happen when you don’t upgrade?
One bad debt could wipe out your personal savings and assets.
Your business dies with you, leaving employees and customers stranded.
No official status, no bank loans, no investors, just limited growth.
Pay way more taxes, miss out on valuable government incentives.
KamalTax can help you!!
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