Business Entities in Malaysia

Which business entity is owned by one person?

• Partnership

• Sole Proprietorship

• LLP

• Company

Which entity requires registration under Companies Act 2016?

• Sole Proprietorship

• LLP

• Partnership

• Company

Which entity offers limited liability to partners?

• Partnership

• Sole Proprietorship

• LLP

• All above

Which business entity is taxed separately from owners?

• Sole Proprietorship

• Company

• Partnership

• LLP

Which entity must have at least two partners?

• Sole Proprietorship

• Partnership

• LLP

• Company

Which entity allows perpetual succession?

• Sole Proprietorship

• Partnership

• LLP

• All above

Company shares can be transferred to others easily?

• Only sole proprietorship

• Yes, in public company

• Yes, in all companies

• No, never

Which entity is easiest to start in Malaysia?

• Sole Proprietorship

• Partnership

• LLP

• Company

A sole proprietorship has unlimited liability.

• True

• False

An LLP combines features of partnership and sole proprietorship.

• True

• False