LMCW

Which one is correct about UNLIMITED LIABILITY?

• Refers to a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company

• Refers to the full legal responsibility that business owners and partners assume for all business debts

• Sendirian Berhad

What are the three forms of business that we discussed today?

• Private Limited Company (SDN BHD), Public Limited Company (BHD), Foreign Company

• Limited Liability of Partnership (LLP), Company Limited by Guarantee

• Sole proprietorship, Partnership, Company

What are the advantages of a sole proprietorship?

• Easiest, least expensive form of ownership, business is easy to dissolve or sell

• Limited liability, separate legal entity

• low start-up cost, allows several people to combine resources

What are the advantages of a company?

• Easiest, least expensive form of ownership, business is easy to dissolve or sell

• Limited liability, ability to attract capital, transferable ownership

• low start-up cost, allows several people to combine resources

What are the types of intellectual property (IP)?

• Journal papers, conference proceeding

• Books, book chapter, newspaper article

• Patents, copyright, trademark, industrial design

What is the difference between copyright and trademark?

• Copyrights protect creative or intellectual works, and Trademarks apply to commercial names, phrases, and logos

• Copyrights protect commercial names, phrases, and logos, and Trademarks apply to creative or intellectual works

• All of the above are wrong

How to register a business?

• Create a product/service > Reserve a name > Statutory declarations

• Create a product/service > Reserve a logo > Post to facebook

• Reserve a name > Memorandum and Articles of Association (M&A) > Statutory declarations

Which statement is true for the registration of a company?

• Any two or more persons can register a company and must be

  Malaysians to register for sole proprietorship or partnerships

• Only one person can register a company and must be

  African to register for sole proprietorship or partnerships

• Any two or more persons can register a company and anyone can register for sole proprietorship or partnerships on SSM online website