• Limited liability: One of the main advantages of owning a SDN Bhd in Malaysia is limited liability protection. This means that the owners or shareholders of the company are not personally liable for any debts or losses incurred by the company.
• Separate legal entity: A SDN Bhd is a separate legal entity from its owners, which means that it can enter into contracts, own assets, and incur liabilities in its own name.
• Perpetual existence: A SDN Bhd has perpetual existence, meaning that the company can continue to exist even if one or more of the owners or shareholders pass away or leave the company.
• Access to funding: A SDN Bhd can access various sources of funding, such as bank loans and equity financing, which can help the company to grow and expand.
• Tax benefits: A SDN Bhd is subject to a lower tax rate than a sole proprietorship or partnership, which can result in significant tax savings for the company.
• Professional image: Owning a SDN Bhd can help to establish a professional image for the company, which can be beneficial in attracting customers, suppliers, and investors.

The role of Company Secretary in Malaysia

In Malaysia, the Company Secretary plays a crucial role in ensuring that a company complies with the requirements of the Companies Act 2016 and other relevant regulations. The key roles and responsibilities of a Company Secretary in Malaysia are as follows:

• Statutory Compliance: A Company Secretary is responsible for ensuring that the company complies with all statutory and regulatory requirements, including filing annual returns, maintaining statutory registers, and ensuring compliance with the Companies Act.
• Board Administration: The Company Secretary provides support to the Board of Directors and ensures that all board procedures are followed. This includes arranging and preparing for board meetings, maintaining board minutes and resolutions, and ensuring that decisions taken at board meetings are implemented.
• Shareholder Administration: The Company Secretary is responsible for ensuring that the company maintains accurate and up-to-date shareholder records and that shareholder meetings are conducted in accordance with the Companies Act.