Business Organizations in Malaysia

Front

What are the three main types of business organizations in Malaysia?

Back

Sole proprietorship, partnership, and corporation.

Front

Define a sole proprietorship.

Back

A sole proprietorship is a business owned and operated by a single individual.

Front

List two characteristics of a partnership business.

Back

1. Shared ownership and management. 2. Profit and loss sharing among partners.

Front

What is the minimum number of owners required for a partnership business?

Back

Two owners.