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Question: What is the major different between sole proprietor / partnership and private limited company (Sdn. Bhd.) ?
SOLE PROPRIETOR
Answer: The significant distinction lies in the liability to creditors. Shareholders of a private limited company (Sdn. Bhd.) have limited liability, extending only to the capital initially invested, whereas sole proprietorship/partnership owners bear unlimited liability to their creditors. Additionally, a private limited company (Sdn. Bhd.) is a distinct legal entity, ensuring continuity even amidst changes in shareholders or directors.
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