SME finding hard to obtain bank loans: Fact or Perception? In the past week, I came across a few newspaper articles addressing the issue about the difficulty for Small and Medium Enterprises (SMEs) to obtain bank loans that I find interestingly confusing. Bank Negara commented that banks are over cautious even after the central bank…
Author Archives: Qm23cz2XK8BkRWE9Yy
What is a Partnership business? As its name suggests, this form of entity is when two or more persons come together to carry out a business. However, the maximum number of persons allowed in a partnership is 20. Same like the Sole Proprietor, liabilities for the Partnership is also unlimited. You can refer to the…
Sole Proprietorship What is a Sole Proprietor business? Sole proprietorship is a form of business entity which is set up solely by one person only. Everything within this kind of entity will be the responsibility of this one owner. For this entity, his liability is unlimited. Unlimited liability means that the owner will be personally…
In recent months, I have been approached by many of my business contacts and friends, asking me about closing a Sendirian Berhad (private limited company). More often than not, these entrepreneurs were expecting me to give them a very simple and cost effective solution. To their dismay, some got worried and others were felt threatened…
