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What is Business Ownership Types in Malaysia about?

Sole proprietorship is a business owned by one person. It has some key advantages like absolute freedom in decision making, reporting simplicity, and ability to discontinue easily. However, the owner has unlimited liability, may pay higher taxes, and the business lacks continuity if the owner dies or retires. Setting one up only requires business registration with minimal costs but access to capital is limited.

Author

swanky

Language

EN