(a) Costly
It is much more costly to maintain a Sdn. Bhd. as compared with Enterprise. Under the Sdn. Bhd., the company has to engage a company secretary and an approved auditor to maintain the register books and audit the accounts of the company respectively. The engagement of these professions may cost the company paying approximately RM2,000 to RM5,000 per annum.
(b) Proper records for bookkeeping
As the accounts will be audited by an approved auditor, the accounts must be well maintained and in compliance with approved accounting standards in Malaysia. Therefore, it is more tedious and complicated in maintaining and engaging a well trained bookkeeper to perform the duty.
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