Starting a business is a major step in life, one which is risky and has no certainty. Despite the pitfalls of being an entrepreneur, the potential rewards are well-worth the effort and sacrifices. Take a look at the list of the richest people in the world, and you’ll see that all of them made their fortunes by running their own businesses. If you decide that doing business is your cup of tea and want to give it a shot, one of the first steps is to register your business or incorporate your company to make it a legal entity.

To start a business in Malaysia, you have three most common options – setting up a sole proprietorship, partnership or limited company. The type that’s most suitable for you depends very much on your nature of business and your personal preference.