1. Anything involving money, you need to keep accounts for LHDN who may audit you regardless of entity
2. If you are not moving money, you don't often need the hassle of formalising an entity, unless it helps with optics and governance. If you are a non-evangelical i.e. zero growth target group, then no need optics, and loose governance may suffice for zero life expectancy
3. Before you start collecting donations of any kind, the first thing you want is to brain the LHDN tax structure for different types of entities. Then you have low level API decision to make on what entity you want.
4. There is rarely anywhere, and least of all in messy Malaysia, a guaranteed path to success based on merely registering at the first step of an entity lifecycle. You want to brain the legal lifecycle of any entity before picking a formal entity vehicle
5. So if not sure, you PLT la ...
6. So as a business like PLT, you can take donations as "loans", and your lender has no tax relief. It is very hard to become a tax-relieved donation receiver anyway, you can read up. This also forces you to account for donations received.
7. At the point at which you wish to finalise the donation, you account for it as written off by your lender. This forces you to acknowledge it as revenue and pay your taxes, unless you have by this time acquired some sort of tax relieved entity status
