Steps After Incorporation

STEPS AFTER INCORPORATION

As a business owner, you may need to know the steps to take after the company is fully incorporated. Here is a general guideline that might help you:
1. Publish of Name and Registration Number
All invoices, receipts, official websites, company letters, quotations, proposals, cheques, and any other company documents to be issued and signed on behalf of the company must have the company name and registration number.
2. Proper Keeping of Accounting Record
To keep all accounting records and other documents properly that sufficiently explains the transaction in the statement of financial position and profit and loss. Maintaining a proper record will help the company provide evidence if any government authorities are doing an audit or checking. Click here for more information
3. Annual Return and Financial Statement
The company may need to submit an annual return within 30 days of every anniversary of its incorporation date. For financial statements within 30 days from the financial statements and reports are circulated to its members. Circulation of the financial statement is within six months of its financial year-end.
4. Register of Employees Provident Fund (EPF)
Every company with an employee has to register Employees Provident Fund (EPF) to allow the employers to make the deduction. Companies have to register EPF within seven days from the employment of the first employee.
5. Register of Socso Security Organization (SOCSO) and Employment Insurance System (EIS)
Every company must be registered with SOCSO within 30 days of hiring a new employee.
6. Register Employer and Company Tax Number (E & C Number)
For tax submission to the Inland Revenue Board (IRB), every company must have their E & C number.

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