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

Reason of suitable for Small Business

Individual proprietorships are simply business enterprises owned by a single individual or household. Proprietorships tend to be small business, although there are exceptions. One reason why proprietorships tend to be small is that few individuals control the resources necessary to finance large-scale production operations. In many areas of economic activity, including much of manufacturing, the most efficient, lower cost firms are rather large, often with many millions of dollars of capital.1

1 Economics (Sixth Edition) - Roger A. Arnold

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

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