Form of Business

Which of the following business forms is NOT a separate legal entity from its owner(s)?

• A. Private Limited Company

• B. Cooperative

• C. Sole Proprietorship

• D. Public Limited Company

What is the maximum number of partners allowed in a general partnership in Malaysia?

• A. 10

• B. 20

• C. 50

• D. Unlimited

One key feature of a cooperative is:

• A. Profits are shared based on capital investment

• B. Voting rights are proportional to shares owned

• C. Members have equal voting rights

• D. It is run by a sole owner

Which business ownership is subject to the Companies Act 2016?

• A. Sole Proprietorship

• B. Limited Liability Partnership

• C. Corporation

• D. Cooperative

Which of the following is an advantage of a sole proprietorship?

• A. Shared liability

• B. Easy to raise large capital

• C. Simple to set up and control

• D. Limited personal liability

A public limited company can raise capital by issuing shares to the public.

• True

• False

A limited liability partnership offers personal asset protection to all partners.

• True

• False

A cooperative gives more voting power to members who invest more capital.

• True

• False

Sole proprietors enjoy limited liability protection under Malaysian law.

• True

• False

All businesses in Malaysia must be registered with Suruhanjaya Syarikat Malaysia (SSM).

• True

• False