Beruflich Dokumente
Kultur Dokumente
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Session Objectives
At the end of the session, students should
be able to:
understand various forms of
business organisations in Malaysia
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3.
4.
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Limited
company
3 MAJOR
CHARACTERISTICS:
1. NUMBER OF OWNER(S)
2. LIABILITIES OF OWNER(S)
3. LIFE SPAN OF THE BUSINESS / COMPANY
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Partnership
Partners / Owners :
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Limited Company
A limited company is incorporated under the
Companies Act 1965. It can be:
A company limited by shares
- Private limited company (Sdn Bhd)
- Public limited company
- Foreign
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ADVANTAGES AND
DISADVANTAGES OF EACH
BUSINESS FORM
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Partnership
Advantages
1. Easy to set up - few formalities
2. The owners are not required to disclose
business affairs to the general public
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3. Contributions
to capital can
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Partnership
Disadvantages
1. Each partner is liable for the debts of
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theETR
business
- regardless of
which
partner
Limited Company
Advantages
Shareholders are not liable for the
company's debts beyond the amount of
share capital they have subscribed
Easier
to
transfer
ownership,
either
wholly
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Limited Company
Disadvantages
1. The public will have access to the financial
affairs of the company
2. The company has to comply with the
requirements of the Companies Act 1965
3. TheETR
company
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auditors to verify
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Sole Proprietorship
Before registering a business, complete a name
search form to ensure that there is no duplication
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Memorandum of Association
This document defines the essential components
of the structure of the company. It contains:
the name of the company
the situation of the registered office
the objects of the company
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that the liability of members is ltd.
Articles of Association
This document constitutes the internal regulations of
a company. It contains:
Business License
Wholesaling License
Manufacturing License
Food Manufacturing License
Sales Tax License
Excise License
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Consultancy
& Advisory
Services
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Technical
Assistance
Marketing
Assistance
Financial
Assistance
The Entrepreneur
Business
Information
Services
Extension
Services
Business
Research
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Technical Assistance
SIRIM, MARA, MARDI, RRI, PORIM
Marketing Assistance
MITI, MATRADE, FAMA, NRC
DISTRIBUTORS, GUTHRIE, BESTA
Infrastructure
MARA, PKEN, SIRIM, UDA, KPLB, BPIMB,
MIDA
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Information Services
MATRADE, MITI, MARDI, SIRIM, MIDA,
FRIM, universities
Business Research
MARDI, SIRIM, universities
Financial Assistance
commercial banks, merchant banks,
industrial bank, financial institution,
government agencies
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Extension Services
MEDEC, MITI, SIRIM, MARA,
MATRADE, MARDI, NPC
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