And if you are conducting your business with a partner you can register that business as Partnership. The requirements are the same as Sole Proprietorship;
- The partners must be Malaysian Citizens or Permanent Residents of Malaysia.
- Aged 18 years and above.
- Only the partners are allowed to submit the application to the Companies Commission.
The differences between a Partnership and company are; the liability is not separate and is on each partners and that it can only contain maximum 20 partners except for professional practices like lawyers and accountants.