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Unformatted text preview: PRINCIPLE OF MANAGEMENT MUHAMMAD ZIKRI HAKIM BIN MOHD RADZI (22C) firstname.lastname@example.org 091240867 900513146085 TYPE OF BUSINESS There are four type of business such as: 1) SOLE PROPRIETORSHIP 2) PARTNERSHIP 3) CORPORATION 4) COOPERATIVE THE MEANING? SOLE PROPRIETORSHIP is a business owned by one person. The owner may operate by himself or can be hire the employee to do that. PARTNERSHIP is a form of business by two people or more to operate the business. COOPERATIVE is a business that consist at least 100 person and more. COPERATION there are two types: 1. S CORPORATION 2. C CORPORATION(REGULAR CORPORATION) S CORPORATION is a corporation organized under state law that has elected to be treated as a subchapter S corporation under federal tax law. Sections 1361 through 1379 of Subchapter S a subchapter S corporation under federal tax law....
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- Spring '11