Business Entity Registration Quiz

What is the purpose of the Business Registration Act 1956?

• To register businesses for profit

• To regulate business partnerships

• To provide tax benefits

• To ensure business compliance

What is a Sole Proprietorship?

• A business owned by one person

• A business owned by multiple partners

• A limited liability company

• A public corporation

What is the minimum number of owners for a Partnership?

• One

• Two

• Three

• Twenty

What does PLT stand for?

• Private Limited Company

• Limited Liability Partnership

• Public Limited Company

• Sole Proprietorship

What is the maximum number of shareholders in a Private Limited Company?

• 50

• 100

• Unlimited

• 20

What is required for a company to be registered?

• A proposed company name

• A business plan

• A registered office

• All of the above

What is the role of the Companies Commission of Malaysia (SSM)?

• To register companies

• To provide business loans

• To regulate stock markets

• To issue business licenses

What is the minimum number of directors required for a Public Company?

• One

• Two

• Three

• Four

What is the purpose of the name search application?

• To check for existing company names

• To register a new business

• To apply for a loan

• To file taxes

What is the significance of the term 'Berhad' in a company name?

• Indicates a private company

• Indicates a public company

• Indicates a sole proprietorship

• Indicates a partnership