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Business Entities - Coggle Diagram
Business Entities
Sole Proprietorship
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registered with Register under Registration of Business Act 1956 (Revised 1978) within 30 days of its commencements.
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Partnerships
Section 3(1)- Partnerships is the relation which subsists between persons carrying on a business in a common with a view of profit.
Companies Act 1965 (Revised 1973) S.14(3)-Minimum 2 persons, maximum 20 persons
Partnerships Act 1961 (PA) S47(1)- rules of common law and equity will continue to apply except if conflict with provisions of the Act.
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