Professional Documents
Culture Documents
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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
owned company
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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 be increased
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Partnership
Disadvantages
1. Each partner is liable for the debts of
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the 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. ETR
The
auditors to verify
300 company has to appoint
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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
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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:
the name of the company
the name of directors
the minimum and maximum number of directors
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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
Business
Research
Extension
Services
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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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