Principle and concept of business ownership, including factors that are influence the choice of ownership, types, characteristics of each business ownership, advantages and disadvantages, the differences of business ownership and the procedure of business ownership registration.
MPU22012 Lecture 3 - Business Ownership and Support SystemMOHD ZAINI ZAINUDIN
Principle and concept of business ownership, including factors that are influence the choice of ownership, types, characteristics of each business ownership, advantages and disadvantages, the differences of business ownership and the procedure of business ownership registration and business support agencies.
Di akhir kursus ini, para pelajar akan boleh:-
1. Menjelaskan konsep asas dan kemahiran keusahawanan serta kepentingannya kepada diri, masyarakat, agama dan negara
2. Mengenalpasti proses penjanaan idea perniagaan
3. Menghasilkan Kertas Kerja Rancangan Perniagaan
ISI KANDUNGAN
Prakata
Penghargaan
1.0 Pengenalan
1.1 Nama Syarikat
1.2 Jenis Perniagaan Yang Diceburi
1.3 Alamat Perniagaan
1.4 Status Atau Saiz Projek
1.5 Produk
1.6 Peluang
2.0 Ringkasan Eksekutif
3.0 Tujuan Kertas Kerja Perancangan Perniagaan
3.1 Tujuan Utama
3.2 Tujuan Lain
4.0 Permohonan Dan Cadangan Struktur Pembiayaan
4.1 Permohonan Pembiayaan
4.2 Cadangan Struktur Pembiayaan
4.3 Anggaran Pengiraan Pembiayaan
5.0 Visi, Misi, Objektif Kewangan Dan Objektif Syarikat
5.1 Visi
5.2 Misi
5.3 Objektif Kewangan
5.4 Objektif Syarikat
6.0 Latar Belakang Syarikat
6.1 Nama Dan Alamat
6.2 Bentuk Perniagaan
6.3 Tarikh Dan Nombor Pendaftaran
6.4 Modal Perniagaan
6.5 Nama Bank
6.6 Email Dan Website
6.7 Nombor Telefon
7.0 Latar Belakang Usahawan
7.1 Butir Peribadi Pengarah Urusan
7.2 Butir Peribadi Pengurus (Rakan Kongsi)
8.0 Pengenalan Produk / Perkhidmatan
8.1 Aktiviti Perniagaan
8.2 Contoh Menu Makanan Istimewa Selera Kampung Rakyat Sabah
8.3 Contoh Masakan Tradisi Antarabangsa
9.0 Rancangan Pentadbiran
9.1 Struktur Organisasi
9.2 Senarai Jawatan Pekerja
9.3 Fungsi Dan Tanggungjawab Pekerja
9.4 Jadual Gaji Dan Ganjaran
9.5 Senarai Keperluan Pejabat
9.6 Perbelanjaan Pentadbiran
9.7 Strategi Pengurusan
10.0 Rancangan Operasi
10.1 Pengenalan
10.2 Carta Aliran
10.3 Strategi Perkhidmatan
10.4 Unit Pengeluaran / Jam Operasi
10.5 Keperluan Bahan
10.6 Tenaga Kerja
10.7 Mesin Dan Peralatan
10.8 Susun Atur Ruang Operasi
11.0 Rancangan Pemasaran
11.1 Barangan Atau Perkhidmatan Yang Ditawarkan
11.2 Sasaran Pasaran
11.3 Saiz Pasaran
11.4 Pesaing Pesaing Utama
11.5 Kekuatan Dan Kelemahan Pesaing
11.6 Syer Pasaran
11.7 Ramalan Jualan
11.8 Strategi Pemasaran
11.9 Strategi Promosi
12.0 Rancangan Kewangan
12.1 Keperluan Kewangan
12.2 Unjuran Jualan
12.3 Anggaran Kos Jualan / Margin Untung Kasar
12.4 Gaji / KWSP / SOCSO
12.5 Sewa Premis
12.6 Susutnilai Harta Tetap
12.7 Harta Tetap Yang Telah Dibeli
12.8 Unjuran Akaun Untung & Rugi
13.0 Cagaran Dan Jaminan Dicadang
13.1 Cagaran Hartanah
13.2 Amanah Saham Bumiputera (ASB)
13.3 Jaminan Pihak Ketiga
14.0 Jadual Pelaksanaan Projek
15.0 Penutup
16.0 Lampiran (Dokumen-Dokumen Sokongan Yang Berkaitan)
MPU22012 Lecture 3 - Business Ownership and Support SystemMOHD ZAINI ZAINUDIN
Principle and concept of business ownership, including factors that are influence the choice of ownership, types, characteristics of each business ownership, advantages and disadvantages, the differences of business ownership and the procedure of business ownership registration and business support agencies.
Di akhir kursus ini, para pelajar akan boleh:-
1. Menjelaskan konsep asas dan kemahiran keusahawanan serta kepentingannya kepada diri, masyarakat, agama dan negara
2. Mengenalpasti proses penjanaan idea perniagaan
3. Menghasilkan Kertas Kerja Rancangan Perniagaan
ISI KANDUNGAN
Prakata
Penghargaan
1.0 Pengenalan
1.1 Nama Syarikat
1.2 Jenis Perniagaan Yang Diceburi
1.3 Alamat Perniagaan
1.4 Status Atau Saiz Projek
1.5 Produk
1.6 Peluang
2.0 Ringkasan Eksekutif
3.0 Tujuan Kertas Kerja Perancangan Perniagaan
3.1 Tujuan Utama
3.2 Tujuan Lain
4.0 Permohonan Dan Cadangan Struktur Pembiayaan
4.1 Permohonan Pembiayaan
4.2 Cadangan Struktur Pembiayaan
4.3 Anggaran Pengiraan Pembiayaan
5.0 Visi, Misi, Objektif Kewangan Dan Objektif Syarikat
5.1 Visi
5.2 Misi
5.3 Objektif Kewangan
5.4 Objektif Syarikat
6.0 Latar Belakang Syarikat
6.1 Nama Dan Alamat
6.2 Bentuk Perniagaan
6.3 Tarikh Dan Nombor Pendaftaran
6.4 Modal Perniagaan
6.5 Nama Bank
6.6 Email Dan Website
6.7 Nombor Telefon
7.0 Latar Belakang Usahawan
7.1 Butir Peribadi Pengarah Urusan
7.2 Butir Peribadi Pengurus (Rakan Kongsi)
8.0 Pengenalan Produk / Perkhidmatan
8.1 Aktiviti Perniagaan
8.2 Contoh Menu Makanan Istimewa Selera Kampung Rakyat Sabah
8.3 Contoh Masakan Tradisi Antarabangsa
9.0 Rancangan Pentadbiran
9.1 Struktur Organisasi
9.2 Senarai Jawatan Pekerja
9.3 Fungsi Dan Tanggungjawab Pekerja
9.4 Jadual Gaji Dan Ganjaran
9.5 Senarai Keperluan Pejabat
9.6 Perbelanjaan Pentadbiran
9.7 Strategi Pengurusan
10.0 Rancangan Operasi
10.1 Pengenalan
10.2 Carta Aliran
10.3 Strategi Perkhidmatan
10.4 Unit Pengeluaran / Jam Operasi
10.5 Keperluan Bahan
10.6 Tenaga Kerja
10.7 Mesin Dan Peralatan
10.8 Susun Atur Ruang Operasi
11.0 Rancangan Pemasaran
11.1 Barangan Atau Perkhidmatan Yang Ditawarkan
11.2 Sasaran Pasaran
11.3 Saiz Pasaran
11.4 Pesaing Pesaing Utama
11.5 Kekuatan Dan Kelemahan Pesaing
11.6 Syer Pasaran
11.7 Ramalan Jualan
11.8 Strategi Pemasaran
11.9 Strategi Promosi
12.0 Rancangan Kewangan
12.1 Keperluan Kewangan
12.2 Unjuran Jualan
12.3 Anggaran Kos Jualan / Margin Untung Kasar
12.4 Gaji / KWSP / SOCSO
12.5 Sewa Premis
12.6 Susutnilai Harta Tetap
12.7 Harta Tetap Yang Telah Dibeli
12.8 Unjuran Akaun Untung & Rugi
13.0 Cagaran Dan Jaminan Dicadang
13.1 Cagaran Hartanah
13.2 Amanah Saham Bumiputera (ASB)
13.3 Jaminan Pihak Ketiga
14.0 Jadual Pelaksanaan Projek
15.0 Penutup
16.0 Lampiran (Dokumen-Dokumen Sokongan Yang Berkaitan)
Membincangkan Tamadun Islam dan Asas pembentukan Tamadun Islam secara lebih terperinci dan lengkap. Sasaran utama adalah pelajar TITAS untuk universiti tempatan.
Peristiwa 13 Mei pada tahun 1969 adalah rusuhan kaum yang berlaku sebagai kemuncak masalah perpaduan di Malaysia. Tragedi ini yang mengakibatkan kehilangan nyawa serta harta benda dan mempunyai kaitan yang rapat dengan "Pilihan Raya Umum 1969" merupakan satu titik hitam dalam sejarah negara Malaysia.
In performing our assignment, we had to take help and guideline of some respected persons, who deserve our greatest gratitude. We would like to show our gratitude to our supportive lecturer, Sir Firdaus for giving us a good guideline throughout a numerous consultations. We would also like to expand our deepest gratitude to all those who have directly and indirectly guided us in writing this assignment.
Many people, especially our classmates and team members itself, have made a valuable comment and suggestions on this proposal which give us an inspiration to improve our assignment. We thank all the people for their help directly and indirectly to complete our assignment.
Membincangkan Tamadun Islam dan Asas pembentukan Tamadun Islam secara lebih terperinci dan lengkap. Sasaran utama adalah pelajar TITAS untuk universiti tempatan.
Peristiwa 13 Mei pada tahun 1969 adalah rusuhan kaum yang berlaku sebagai kemuncak masalah perpaduan di Malaysia. Tragedi ini yang mengakibatkan kehilangan nyawa serta harta benda dan mempunyai kaitan yang rapat dengan "Pilihan Raya Umum 1969" merupakan satu titik hitam dalam sejarah negara Malaysia.
In performing our assignment, we had to take help and guideline of some respected persons, who deserve our greatest gratitude. We would like to show our gratitude to our supportive lecturer, Sir Firdaus for giving us a good guideline throughout a numerous consultations. We would also like to expand our deepest gratitude to all those who have directly and indirectly guided us in writing this assignment.
Many people, especially our classmates and team members itself, have made a valuable comment and suggestions on this proposal which give us an inspiration to improve our assignment. We thank all the people for their help directly and indirectly to complete our assignment.
What Every Founder/Entrepeneur Must Know (Series: The Start-Up/Small Business...Financial Poise
Congratulations. You are a founder of a company and you have just been given an hour to ask several experts anything you want about the subject. Some questions will certainly focus on IP, since intellectual property is so important to so many businesses. Some questions will touch on outsourcing- perhaps of manufacturing, perhaps of certain other functions. Formation, capital raising, and HR are also fair game. And since the panel includes two attorneys, you can be sure that the conversation will cover both the business and legal aspects of the various topics discussed. The panel will also discuss planning for incremental growth; and, while pandemic continues, the availability of PPP loans and governmental assistance.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/what-every-founder-entrepreneur-must-know-2021/
This is module 2 of 20 - Finance Success Program
Get to know top 4 business structures that are generally used to operate business
Learn pros and cons in each
Consider legal and income tax implications
Know what to do to ensure you prepare for disadvantages the structures present
Understanding your needs, personality and key success of your industry is key so that you don't select structure which will make your business model not to work.
Get the video on YouTube - Finance Success TV
Check out preciousmvulane.com
Kelab memfokuskan kepada penguasaan pengetahuan dan kemahiran khusus secara holistik bagi mengukuhkan pembentukan kemahiran insaniah pelajar yang positif.
Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
MPU22012 Lecture 4 - Small Business Management and PlanningMOHD ZAINI ZAINUDIN
Definition of business plan, the purpose of business plan, the important elements, and the standard format of the business plan. The characteristics of a good business plan, format and minimum requirement required by financial institutions and government agencies.
This slide contains information on course assessment options which includes suggested format, class activities and sales update.
Click to register :
https://www.go-ecommerce.my/
Definition of business plan, the purpose of business plan, the important elements, and the standard format of the business plan. The characteristics of a good business plan, format and minimum requirement required by financial institutions and government agencies.
Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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Improving profitability for small businessBen Wann
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
2. LECTURER
Hi Everyone, you are in Entrepreneurship DPB2012 class!
Principle and concept of business
ownership, including factors that are
influence the choice of ownership, types,
characteristics of each business ownership,
advantages and disadvantages, the
differences of business ownership and the
procedure of business ownership
registration.
INTRODUCTION
3. TOPIC OUTLINES
Upon completing this course, students
should be able to :
1. Explain factors that influence the choice of entrepreneurial ownership.
2. Identify types & characteristics of business ownership.
3. Identify the advantages and disadvantages of each of entrepreneurial ownership.
4. Display information on the registration procedure for business ownership.
4. Upon completing this course, students
should be able to :
1. Explain clearly the concept of entrepreneurship and process in developing effective
business. (C2, LD1)
COURSE LEARNING OUTCOMES
7. 7
FACTORS THAT INFLUENCE THE CHOICE OF ENTREPRENEURIAL OWNERSHIP
• The main elements.
• If the individual possess small
amount of money, which one is
more suitable SOLE PROPRIETORSHIP
or COMPANY.
• Personal assets have to be taken into
account.
• What happen if losses happen in sole
proprietorship / partnership / company.
8. 8
FACTORS THAT INFLUENCE THE CHOICE OF ENTREPRENEURIAL OWNERSHIP
• Information sharing referred to one-
to one exchanges of data between
a sender and receiver.
• Type of sharing information is one-to
one, one-to-many, many-to-many,
and many-to-one.
• Wants bigger span of control, sole
proprietorship is better.
• Only sole proprietorship will have full
power to control the business.
• Span of control is a term originating in
military organization theory, but now used
more commonly in business management,
particularly human resource management.
• Span of control refers to the number of
subordinates a supervisor has.
• If we decide not to share the information, so
choose sole proprietorship.
• In partnership & company, there is no
confidential information among partners
and member of company.
10. 10
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
SOLE
PROPRIETORSHIP
PARTNERSHIP
GENERAL
PARTNERSHIP
LIMITED
PARTNERSHIP
CORPORATIONS
PRIVATE LIMITED
COMPANY
PUBLIC LIMITED
COMPANY
11. 11
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
Simplest business structure
• Minimal legal requirements – Business Act 1956
(Amendment 1978) And The Procedures Of
Business Registration 1957)
• Solely owned
• Operated by one individual
• Can have large number of employees
12. 12
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
• Business owned (and usually operated) by
ONE PERSON.
• SIMPLEST FORM of business ownership.
• MOST POPULAR form of business organization –
72.2% of all.
• Minimum legal requirements under BUSINESS
REGISTRATION ACT 1956 (Amendment 1978)
and THE PROCEDURES OF BUSINESS
REGISTRATION 1957 (ROB).
EXAMPLE :
• Tailors
• Beauty salons
• Restaurants
• Mini market
13. 13
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
Owned by at least two or max 20 persons
• Formed under Business Act 1956 (Amendment
1978) And The Procedures Of Business
Registration 1957). – only Malaysian citizens or
permanent residents can register partnership.
• Owners = partners
• Each partner contributes > money, labour, skills ;
share profits or loses
• Recommended to prepare an agreement on
the articles of partnership.
• Eg. Klinik Dr Zaini dan Dr Nadia
2 TYPES OF PARTNERSHIP
i. General Partnership
ii. Limited Partner
14. 14
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
• Owned by at least 2 OR MAX 20 PERSONS.
• Formed under BUSINESS ACT 1956
(AMENDMENT 1978) and THE PROCEDURES
OF BUSINESS REGISTRATION 1957 (ROB).
• Only Malaysian citizens or permanent
residents can register partnership.
• Owners = partners. Each partner contributes
> MONEY, LABOUR, SKILLS ; SHARE PROFITS or
LOSES.
• Recommended to PREPARE AN AGREEMENT
on the articles of partnership.
TYPE OF PARTNERSHIP :
# General Partnership
• Unlimited Liability for debts
• General partner manages
company, receives salary
and share company’s profits
or loses.
# Limited Partner
• Share the firm’s profits or loses
but do not take an active role
in managing the company
and share company’s profits
or loses.
15. 15
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
Considered a separate legal entity
• Owners called “Stockholders” or Shareholders”
• Ownership evidenced by “Stock Certificate”
• Governed by “Board of Directors”
2 TYPES OF CORPORATION
i. Private Limited Company
ii. Public Limited Company
16. 16
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
• Company limited by shares
• Owned by a group of people ( 2 or more – not >50 )
• “Limited” – separate entity/has own legal identity
• Owners/shareholders will elect the BOD – responsible for establishing the
general policies, appoint president.
• Name ends with ‘Sendirian Berhad’ or ‘Private Limited’ with its
abbreviation ‘Sdn.Bhd.’ or ‘Pvt.Ltd.’
17. 17
TYPES & CHARACTERISTICS OF BUSINESS OWNERSHIP
• Company limited by shares
• Owned by a group of people ( 7 or more – no max. limit )
• Source their capital by selling shares to public
• “Public” – shares can be easily purchased/sold by investors
• Can be listed or unlisted in on the stock exchange
• Name ends with ‘Berhad’ or ‘Limited’ with its abbreviation ‘Bhd.’ or ‘Ltd.’
19. 19
ADVANTAGES AND DISADVANTAGES OF EACH OF ENTREPRENEURIAL OWNERSHIP
• Ease of formation.
• Total independence in decision
making / freedom of choice complete
control.
• Full and total responsibility.
• Retaining all business profits.
• No requirement for authorization and
disclose of financial reports.
• Taxation advantage.
• Fewer legal restrictions.
• Unlimited liability.
• Lack of continuity.
• Lack of experience and ability.
• Incurs all loses.
• Limited access to funds.
• Limited skills.
• Long working hours.
• Relative difficulty in obtaining long
term financing.
20. 20
ADVANTAGES AND DISADVANTAGES OF EACH OF ENTREPRENEURIAL OWNERSHIP
• Increase in resources for capital.
• Distribution and sharing of business
risks.
• Direct rewards.
• Taxation advantage.
• Combined talents and business
acumen.
• Ease of formation.
• Ability to specialize.
• Unlimited liability.
• Limited life span.
• Lack of continuity.
• Shared profits.
• Shared control.
• Conflict.
21. 21
ADVANTAGES AND DISADVANTAGES OF EACH OF ENTREPRENEURIAL OWNERSHIP
• Limited Liability - Limited to the capital
contributed/investment.
• Ease of Ownership Transfer.
• Perpetual life- Not dependent upon the
ages or resignation of members.
• Greater Access to Capital
• Easily acquired by exchanging
shares ownership
• Loan
• Public Limited Co – increase
capital through issuance of bonds.
• Management Expertise - Have BOD.
• More difficult & costly to form
• High set up cost
• Cost included charge to authorized capital,
professional fee, filing charges, printing of
Memorandum of Articles and Articles of
Association, shares certificate, company seal.
• High taxation.
• For private limited company, have limited
members.
• For private limited company, they have lack of
freedom in transferring ownership – subject to
BOD’s approval.
23. 23
REGISTRATION PROCEDURE FOR BUSINESS OWNERSHIP
Business includes every form of trade, commerce, craftsmanship, calling,
profession or other activity carried on for the purpose of gain, but does not include
any office or employment or any charitable undertaking or any occupation
specified in the Schedule of the Registration of Businesses Act 1956 (ROBA 1956) &
ROBA Rules 1957.
Two (2) type of Business:
Sole proprietorship:
Business wholly owned by a single individual using personal name as per his / her
identity card or trade name.
Partnership:
Business owned by two or more persons but not exceeding 20 persons. Identity
card name can’t be used as business name.
24. 24
REGISTRATION PROCEDURE FOR BUSINESS OWNERSHIP
How to start a business?
1. Registration of a new business to be done within 30 days from the date of commencement
of the business.
2. Registration can be done at any SSM counter or through online via Ezbiz Online services at
ezbiz.ssm.com.my.
3. Complete the Business Registration Form (Form A). Refer to Guidelines For New Business
Registration. Business may be registered using personal name or using a trade name.
i. Personal Name - Business name using personal name as stated in the identity card is not
required to apply for business name approval.
ii. Trade Name - Complete business name approval form (Form PNA.42). Refer to
Guidelines for Business Name Application.
4. Business names approval is according to Rules 15, Rules of Business Registration 1957.
5. Business Registration can be made for a period of one (1) year and not more than five (5)
years.
25. 25
REGISTRATION PROCEDURE FOR BUSINESS OWNERSHIP
Who can submit Form A?
The owner/All partners
Fee CHARGE
1. Trade Name – RM60 per year
2. Personal Name - RM30 per year
3. Branch (s) - RM5 per year for each branch
Validity certificate of registration
Registration of Business Act 1956 Validity Certificate of Registration Issued Using A4 Paper