Worksheets3.1 Types of Business Entities
Total questions: 8
Worksheet time: 60secs
What is Sole Proprietorship?
One women control
Limited Liability
Single Ownership
Sharing of profits
Partnership business entities registered under the .....
Business Registration Act 1856
Business Registration Act 1965
Business Registration Act 1956
Partnership Registration Act 1956
How do you know if a business is a private limited company?
Ltd. written after the company name
Ltd. written before the company name
Ltd. written between the company name
What do the shareholders do?
Manages and owns the company by itself
Invest money in the company
The owners of company
Prepare the legal documents
Cooperative is
A person owns, manages, and controls, all the business activities.
Between one and ninety nine people come together and form A business
An autonomous association of people united voluntarily
Combined of the characteristics of a company and a conventional partnership
Where can we registered Cooperative Society?
Malaysian Cooperative Society Commission (SKM)
Company Commission of Malaysia (SSM)
What is the maximum number of member to join a company under Limited Liability Partnership?
Unlimited
1 to 2 person
2 to 50 person
1 to 99 person
Who is LLP for?
Lawyers
Chartered Accountant
Company Secreteries
Doctor
