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Name: Nurul Nabila binti Harini
Registration no.: 05DPM16F2045
Class: DPM3-S2

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Advantages and Disadvantages of Business Ownership

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Advantages and Disadvantages of Business Ownership

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Shareholders have the right to elect members of the board of director

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Shareholders have the right to elect members of the board of director

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Has full capacity to undertake any business activities

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Has full capacity to undertake any business activities

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A body corporate with legal personality separate from its member

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A body corporate with legal personality separate from its member

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The owners of the company are called shareholders

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The owners of the company are called shareholders

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Ends with the word Sendirian Berhad ( Sdn Bhd )

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Ends with the word Sendirian Berhad ( Sdn Bhd )

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Limited by shares and owned by a group of people not exceeding 50 people

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Limited by shares and owned by a group of people not exceeding 50 people

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Registered at legal entities and are formed  by several individual

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Registered at legal entities and are formed  by several individual

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Must have at least one general partner who accept unlimited liability 

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Must have at least one general partner who accept unlimited liability 

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Only be liable to the extent of their contribution

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Only be liable to the extent of their contribution

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Some of the partners have limited liabilities

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Some of the partners have limited liabilities

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Personally liable for all obligation of the firm

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Personally liable for all obligation of the firm

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Owned by at least two or more individuals but not exceeding 20 people

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Owned by at least two or more individuals but not exceeding 20 people

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Had previous experience working in the industry in which he is competing in

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Had previous experience working in the industry in which he is competing in

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Has strong organizational skills, leadership, and communication skills

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Has strong organizational skills, leadership, and communication skills

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Characteristics of a successful sole proprietor:

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Characteristics of a successful sole proprietor:

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The simplest and most common business structure

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The simplest and most common business structure

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Factors in Selecting A Business Ownership

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Factors in Selecting A Business Ownership