KTP & Company PLT

Recently many bosses came and asked me the same question :

“Mr Koh, company no longer doing business already, can I just strike off only ah?”

It sounds simple.

But this is exactly where many SME bosses get stuck.

Because a company does not disappear just because you stopped using it.

You may think no business already, no staff already, no invoice already, so can just close company.

But once you really check, then only you realise :
Tax return not fully submitted yet
Something with LHDN still not settled
EPF or SOCSO still got loose ends
Director current account still got balance
Sometimes even tax refund not received yet

So I always tell bosses :

A Sdn Bhd that is no longer doing business may be suitable for strike off, but only if it is properly cleaned up first.

That means :
Accounts cleared
Tax matters cleared
Staff matters cleared
Government balances cleared

Otherwise, on the surface, it looks like you are closing the company.
But actually, you are starting one more headache.

If you have a dormant company, an inactive company, or a Sdn Bhd you no longer want to use, do not rush to file first.

First review.
First check properly.
First clear all the loose ends.

Because closing a company is easy to say.
Closing it cleanly is the real work.

Read the full story in our blog
https://www.ktp.com.my/blog/strike-off-company-malaysia/26feb2026

Leave a comment

I’m Koh Teck Peng

Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.

Let’s connect

Design a site like this with WordPress.com
Get started