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

Definition

  A form of business that is owned by one individual who makes all the business decisions, receives the entire profits, and is legally responsible for the debts of the firm.1  He is responsible for the day-to-day management of the business.2

1 Economics (Sixth Edition) - Roger A. Arnold

 South-Western, a division of Thomon Learning (2004) P.480-481

2 Business Studies - Peter Fearns

London: Hodder & Stoughton (1998) P.13

P.10