Economic Project

Contents

Introduction

Business Registration

~Meaning

~Registration Procedure for Sole Proprietorship and Partnership

~Registration Procedure for Limited Company

~Registration Procedure for Overseas Company

~Registration Fee and Levy

~Payment Methods

~Cancellation

Sole Proprietorship

~Definition

~Popularity

~Set-up process

~Advantages

~Disadvantages

~Reason of suitable for Small Business

~Examples

Partnership

~Definition

~Features

~Forms/Establish

~Liability

~General partnership

~Limited partnership

~Advantages

~Disadvantages

~Tax rate

~Dissolution and Termination

Limited Company

~Meaning

~Advantages

~Disadvantages

~Private limited companies

~Public limited companies

~Shares

~Procedures of Formation

~Taxes

Comparison

Conclusion

Working Table

Dissolution and Termination

  Partnership dissolution is not the same as partnership termination. Dissolution occurs when a general partner ceases to be associated with the business. Termination is the final act of winding up the partnership as a business. Termination occurs after the partners have expressed their intent to cease operations and all affairs of the partnership have been concluded. In other words, dissolution ends the partnership as a business; termination winds up its affairs.1

1 Effective Small Business Management : an entrepreneurial approach (Seventh Edition) - Norman M. Scarborough,   Thomas W. Zimmerer

Upper Saddle River, N.J. : Prentice Hall (2003) P.77-78

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