Company registration refers to the process of registering a company or organization as a legal entity, enabling it to operate independently of its owners or founders and enjoy separate rights and responsibilities. In Malaysia, company registration is managed and executed by the Companies Commission of Malaysia (SSM).
Here are some important aspects and related procedures of company registration:
Company Registration
For example, suppose a startup company wishes to register as a Private Limited Company to conduct e-commerce business. They first determine the company's name and conduct a name search to ensure the availability of the name. Subsequently, they fill out the company registration application form and submit it to SSM. After review and approval by SSM, the company is successfully registered as a Private Limited Company, and they receive the company registration certificate. Now, the company can formally operate its e-commerce business and conduct activities in the market.
In summary, company registration provides legal status and protection to businesses, enabling them to operate legally in the business environment and enjoy rights. By legally registering a company, businesses can build credibility, attract investment, expand operations, and lay the foundation for future growth.