Why is legalizing your business in Malaysia important?

• To increase profits

• To operate legally and efficiently

• To attract investors

• To avoid paying taxes

Which organization is responsible for registering businesses in Malaysia?

• LHDN

• EPF

• Suruhanjaya Syarikat Malaysia (SSM)

• Local Municipal Councils

What does the SSM primarily manage?

• Tax returns

• Business licenses and company information

• Retirement savings

• Environmental permits

Local municipal councils issue licenses for businesses based on what?

• Profitability

• Compliance with local zoning and regulations

• Employee count

• Type of marketing used

LHDN is responsible for what aspect of business?

• Issuing business licenses

• Managing company information

• Tax registration and compliance

• Granting environmental permits

What contributions are managed by the EPF?

• Business licenses

• Employee retirement savings

• Tax compliance audits

• Business funding

What type of entity has unlimited liability for its owners?

• Sole Proprietorship

• Private Limited Company

• Limited Liability Partnership

• Public Limited Company

Which business entity allows owners to raise capital by issuing shares?

• Sole Proprietorship

• Partnership

• Private Limited Company (Sdn. Bhd.)

• Limited Liability Partnership

What is a primary disadvantage of a Sole Proprietorship?

• High setup costs

• Limited liability

• Unlimited liability

• Complex tax structure

Which entity is a hybrid of partnership and limited liability?

• Sole Proprietorship

• Limited Liability Partnership (LLP)

• Private Limited Company

• Partnership