Author: hanventure

Corporate governance is the system by which companies are directed and controlled. It encompasses the practices, policies, and processes that guide a company’s operations and ensure accountability, fairness, and transparency in its relationships with stakeholders. For new businesses, establishing robust corporate governance is crucial for several reasons. 1. Building Trust and Reputation New businesses often…

KUALA LUMPUR: MSMEs earning under RM150,000 annually are exempt from issuing e-invoices, according to Finance Minister II Datuk Seri Amir Hamzah Azizan. “Currently, traders with annual sales below RM150,000 do not have to issue e-invoices. Nonetheless, the government encourages small traders to participate in the e-invoicing initiative to promote business digitalization,” Amir Hamzah stated during…

In the dynamic world of business, the role of accountants is pivotal to the success and sustainability of any enterprise. Accountants do more than just crunch numbers; they are strategic advisors who guide businesses through financial complexities, regulatory landscapes, and growth opportunities. Their expertise is essential in ensuring that businesses remain financially healthy, compliant with…

Starting a new business is an exhilarating journey, but managing the financial aspects can be daunting. Proper financial management is crucial to ensure that your startup not only survives but thrives. Here are some essential financial management tips tailored for new entrepreneurs to help you navigate the financial landscape effectively. 1. Craft a Detailed Budget…

Choosing the right business structure is a critical decision for any entrepreneur or business owner. In Malaysia, the business landscape offers various types of business entities, each with its own legal, tax, and operational implications. Understanding these structures is essential for making an informed choice that aligns with your business goals, resources, and long-term vision.…

Starting a new business in Malaysia can be an exciting venture, but understanding the country’s tax system is crucial for compliance and financial planning. Malaysia offers a business-friendly tax regime designed to support both local and foreign entrepreneurs. This article provides an overview of the key tax considerations for new businesses in Malaysia, including corporate…

What is a Constitution? A constitution in the context of a company is a critical document that outlines the foundational principles and operational guidelines of the organization. It delineates the relationship between the company, its directors, shareholders, and company secretary, ensuring a clear governance framework. Importance of a Constitution in Company Management Constitutions play an…