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Business Entities - Coggle Diagram
Business Entities
Partnership
According to s.14(3) of the Companies Act 1965 (Revised 1973), minimum number of persons is two persons and maximum number is 20.
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Sabah: Sarawak Cap.64 (Business names) and Cap. 33 (Business, Professions and Trade Licensing)
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Sole Proprietorship
Formed, managed and owned by one individual
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If not registered, sole proprietor has committed an offence for which he is liable under s.12 of the Act to a fine of not exceeding RM50,000 or imprisonment of a term not exceeding two years or both
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