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Exercise 1

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24 views3 pages

Exercise 1

Uploaded by

Lyza Sprdn
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SESSION 2: 2021/2022

DEPARTMENT: JTMK

CODE COURSE: DFT30103

COURSE NAME: CYBERPRENEURSHIP

CHAPTER 2: BUSINESS MANAGEMENT AND ACCOUNTING BASICS

EXERCISE 1

NAME: LYZA BINTI SAPARUDIN


REG. NO: 19DDT20F2021
PROGRAMME: DDT
LECTURER: PUAN NOORROHANI
QUESTION

1. Identify the characteristics of business ownership as following:


a) Sole Proprietorship
business owned by one person for-profit

b) Partnership
business owned by two or more people

c) Limited liability partnership (LLP)


the individual partner’s own liability is generally
limited (at least 2 partner, no maximum limit)

d) Private Limited Company


distinguished by the appellation Sendirian Berhad (Sdn Bhd or S/B)
(limited to 50 members, minimum 2 members)

e) Public Limited Company


distinguished by the appellation Berhad (Bhd) (public
limited companies have no member limit)

2. Refer to the question (1), write in a table and give THREE :

a) differences for each type of business ownership


Difference Sole Partnership Limited Private Limited Public
Proprietorship liability Company Limited
partnership Company
(LLP)
OWNER One Person Two or more atleast 2 limited to 50 no member
people partner,no members, limit
maximum limit minimum 2
members
TAXES Taxed as Taxed as Same as Corporate,double Same as
personal income personal general taxation public
income partnership corporation

Risk of Unlimited liability Unlimited Unlimited limited liability limited


Losses liability liability liability
b) companies in Malaysia that run business for each type of business ownership

Sole Partnership Limited Private Limited Public


Proprietorship liability Company Limited
partnership Company
(LLP)
Companies Pasar Mini -Malaysia -CHUA & The suffix Key
in Malaysia Kamariah Airlines PARTNERS Sendirian Berhad Takeaways.
-Perodua - ABDUL (SDN BHD) Berhad
MALIK & (BHD)
LAWRENCE
TAN

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