Register Your Online Businesses with The Companies Commission Of Malaysia| Suruhanjaya Syarikat Malaysia
Do You Know So Far Over Four Hundred Online Businessmen Have Been Charged In Court For Not Registering Their Business With The Companies Commission Of Malaysia (SSM)?
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If Found Guilty Then You May Face A A Fine Of Up To RM50,000 Or Imprisonment Not Exceeding Two Years!
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Register Your Online Businesses NOW!
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It not difficult to register a Business.
For the beginning, you maybe want to register as Small Enterprise(Sole Proprietorship) or partnership, first.
The Registration fee for a sole proprietorship using own name as per identity card is RM30.00 only and Registration fee for a sole proprietorship using a trade name is RM60.00 only.
For Registration fee for a partnership is RM60.00 only
Read more at How To Register A Business In Malaysia | Step by Step Guide
When you got your Business registered, it show you are serious in this Online Venture and build up credibility.
Do remember to pay your Tax as well 😀
All income is Taxable irregardless whether Online or Offline income derive from either local or foreign.
Therefore your income from Adsense, eBay, Clickbank, Affiliate Sales, Cost Per Action (CPA) etc are Taxable.
Read more at One Day Left to File Tax Return
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Only 60% of online businesses registered
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JOHOR BARU: Only 60% of the 2,000 local online e-business operators have registered with the Companies Commission of Malaysia (SSM), said enforcement unit senior director Muhammad Redzuan Abdullah.
He said the commission was monitoring online businesses to prevent consumers from being cheated.
“We receive an average of eight such cases yearly. Among them are customers who had made payments but did not receive the goods they ordered and get-rich-quick scams,” he said, adding that foreigners were among those who were cheated.
Muhammad Redzuan said SSM usually advised complainants to make a police report while the commission conducted its own investigations.
Errant business operators could be charged under Section 12(i)(a) of the Registration of Business Act 1956, which carries a one-year prison sentence and a maximum RM50,000 fine upon conviction.
“It is important for online business owners to register with SSM to enable better monitoring,” he said. Applicants just need to log in to the commission’s website at .www.ssm.com.my.
fr:thestar.com.my/news/story.asp?file=/2010/8/11/nation/6760896&sec=nation