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business entity and classification of company - Coggle Diagram
business entity and classification of company
Sole proprietorships
business wholly own by individual
register under Registration of Businesses Act 1956 .
Unlimited liability
Partnership
share profit
Unlimited liability, members share the risk
2 or more member
Company
Foreign company
submit necessary documents to the
ROC along with a prescribed fee
registered under CA 2016 in Malaysia, but having its incorporated
status outside Malaysia
Holding and subsidiary company
a company is a subsidiary of another company
controls the composition of the subsidiary’s
board
control more than one-half of
the voting power of the subsidiary
control more than one-half of
the voting power of the subsidiary
Exempt private company
< 20 members
Exempted from prohibitions related to
loans to persons and directors
Private company
<50 shareholder
restrict share transfer
Limited company
Limited by share
Limited by guarantee
Limited both by share and guarantee
Public company
Not a private company
List in the Bursa Malaysia Securities Berhad
capital from fund of public
Unlimited company
Limited liability
Limited liability companies (LLCs)
limited liability
one owner or many members