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;

  1. The partners must be Malaysian Citizens or Permanent Residents of Malaysia.
  2. Aged 18 years and above.
  3. 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.