ilabs foundary Quiz

Which of the following is a challenge of an Enterprise (Sole Proprietor)?

• Need not to appoint a company secretary

• Accounting records need not be audited

• Tax planning

• Lower statutory compliance fee

Which of the following is the corporate tax filing form for a Company (Sdn Bhd)?

• Form A

• Form B

• Form C

• Form E

What is the income tax rate for corporate tax if the taxable income is below RM150k?

• 15%

• 16%

• 17%

• 24%

Based on our sharing, which type of business enjoys the most tax savings if the taxable income is RM300k?

• Company (Sdn Bhd)

• Enterprise (Sole Proprietor)

Is there any protection on your personal assets if your business is an Enterprise (Sole Proprietor)?

• Yes

• No

Is a Company (Sdn Bhd) itself a separate legal entity?

• Yes

• No

Can a corporate body (Company) also become a shareholder?

• Yes

• No

Which of the following is NOT a requirement to be a shareholder of a Company (Sdn Bhd)?

• 18 years old and above

• Must also be the director of the Company

• Have a valid Malaysia residential address

• Have a paid-up share capital of at least RM1

Which of the following is the requirement to be a director of a Company (Sdn Bhd)?

• 21 years old and above

• Has no bankruptcy or criminal record

• Mentally incapable

• Must be a Malaysian

Your friend has plans to expand the business through investor or bank loans, which type of entity would you recommend?

• Company (Sdn Bhd)

• Enterprise (Sole Proprietor)