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Malaysia Company secretary Norman, your eldest brother's friend, ran a successful sole proprietorship business in selling books in Singapore. He has returned to Malaysia with

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Norman, your eldest brother's friend, ran a successful sole proprietorship business in selling books in Singapore. He has returned to Malaysia with a view to setting up a similar company to sell educational books. He hopes that this company will become a public company in future. At the same time, Norman, who holds a Master in Sport Science wishes to promote a research on the sports coaching in Malaysia. He is unsure of the type of company that he ought to set up, since he hears that the liability of members differ from one type of company to another. Norman visits you today to seek your advice on the following: the liability of members in a company limited by shares. the liability of members in a company limited by guarantee. the distinction between a private company and an exempt private company

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