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REGISTRATION OF BUSINESS ENTITIES, BENFIT OF PARTNERSHIP, TYPE OF BUSINESS…
REGISTRATION OF BUSINESS ENTITIES
BUSINESS ENTITY TYPE IN MALAYSIA
BENEFITS AND LIMITATIONS
REGISTRATION PROCEDURES
BENFIT OF PARTNERSHIP
CAPITAL : EACH PARTNER WILL BRING IN CAPITAL
RESPONSIBILITY : DIFFRENT KNOWLEDGE , SKILL AND ABILITIES CAN SHARE
FLRXIBLELITY : LIKE A SOLE PROPRIETOR
BUSINESS AFFAIR : PRIVATE
DECISION MAKING : CAN SHARE WITH PARTNER
OWNERS : NO LIMIT
INEXPENSIVE : MORE INEXPENSIVE TO REGISTER
EASE OF COMPLIANCE : MORE SIMPLER THAN PRIVATE COMPANY
PERPETUAL SUCCESSION : ANY CHANGE DO NOT EFFECT
TAX BENEFIT : EACH INDIVIDUAL PARTNER MUST FILE A VARIETY OF DIFFRENT TAX
FLEXIBILITY : EACH PARTNER HAS THE ABILITY TO DECIDE
TYPE OF BUSINESS ENTITIES IN MALYSIA
SOLE PROPRIETORSHIP
PARTNERSHIP
IS A BUSINESS ENTITY THAT IS SOLELY OWNED, FUNDED AND MANAGED BY ONE OWNER ONLY
IS A BUSINESS ENTITY THAT OWNED BY TWO OR A MAXIMUM OF 20 PEOPLE
LIMITED LIABILITY PARTNERSHIP [LLP]
IS AN ALTERNATIF BUSINESS VEHICLE REGULATED UNDER THE LIMITED LIABILITY PARTNERSHIP COMBINES PRIVATE LIMITED COMPANY AND CONVETIONAL PARTNER SHIP.
PRIVATE LIMITED COMPANY
IS ALLOTTED UNDER THE COMPANIES ACT 1965. A COMPANY IS A BODY THAT HAS LEGAL ENTITY SEPARATE FROM MEMBER OR FOUNDER
COOPERATIVE
IS AUTONOMUS ASSOCIATION OF PEOPLE UNITED VOLUNTARILY TO MEET COMMON ECONOMIC , SOCIAL AND CULTURAL NEED AND ASPIRATIONS THROUGH A JOINTLY OWNED AND DEMOCRATICALLY CONTROLLED BUSINESS
BENEFIT OF SOLE PROPIRIETOR
REGISTRACTION : EASY CAN BE DONE BY THE OWNER.
PROFIT : OWNER 100% CONTROL
COST : IS LOW
MANAGEMENT : EASY CAUSE OWNER MAKE DECISION
DECISION MAKING : CONTROL BY SOLE PROPRIETOR
FLEXIBILITY : IT LESS BY LAW WHERE NO AUDITED ACCOUNT IS REQUIRED TO BE SUBMMITTED TO SSM
BUSINESS AFFAIRS : MADE IN A PRIVATE PARTNERSHIP
LIMITATIONS OF PARTNERSHIP
LIABILITY : UNLIMETED
TAXATION : PERTNER MUST PAY TAX THE SAME WAY AS SOLE PROPRIETOR
PROFIT SHARING : SHARE EQUALLY
ADDITIONAL TAXES : LARGE TAX LIMIT
RECOGNITION : SOME PARTIES DO NOT RECOGNIZE LLP AS A LEGAL BUSINESS
CREDIBILITY : CORPORATION GAIN MORE RESPECT
LIMITATIONS OF SOLE PROPRIETOR
SOURCES : CAPITAL IS LIMITED BTO THE ABILITY OF THE OWNER
DECISION MAKING : THE OWNER MIGHT HAVE SOME DIFFICULT IN MAKING DECISION
LIABILITY : THE BUSINESS OWNER WILL BE HELD DERECTLY
TAXES : OWNER MUST PAY SELF- EMPLOYMENT TAXES
LACK OF BUSINESS CONTINUTY : OWNER GONE, BUSINESS GONE
BENEFIT OF PRIVATE LIMITED COMPANY
LIMITED LIABIILITY : BIGGEST BENEFIT PRIVATE CAN EARN
MANAGEMENT : MORE BETTER
EXISTENCE : STAY RUN EVEN MEMBERS DIE
EXPANSION SCOOP : CAPITAL FROM INDIVIDUAL OR IVENSMENT COMPINIES
LIMITATION OF PRIVATE COMPANY
COSTLY : THERE ARE HIGH COST WILL INVOLVE
SECRECY : CAN BE OBTAINED BY PUBLIC
TAXES : COMPANIES TAX ARE COMPULSORY
WINDING UP PROCEDURES : COMPLICATED
BENEFIT OF COOPERATIVE
EASY INFORMATION : EASY
OPEN MEMBERSHIP : PEOPLE WITH COMMON INTEREST CAN FORM COOPERATIVE SOCIETY
STABLE LIFE : HAVE LONG PERIOD OF TIME
STATE ASSITANCE : BOTH CENTRAL AND GOVERMENT PROVIDE
LIMITATIONS OF COOPERATIVE
LACK OF CO-PERATIONS
GOVERMENT DEPENCE
LACK OF MOTIVATION
LIMITED CAPITAL