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Skip Navigation LinksRegistry Home : Business Home : Business FAQ
About Business Name 
Business FAQ 
Q1. What is a sole-proprietorship?
A sole-proprietorship is a business firm owned by one person or one locally incorporated company. There are no partners. The sole-proprietor has absolute say in the running of the business firm.

Q2. What is a partnership?
A partnership is made up of more than one person or company. Generally, all partners have equal rights in the management of the partnership. To avoid possible disputes, it is advisable that a partnership agreement is drawn up. Partnerships may have between two and twenty partners. Once there are more than twenty partners, the business entity must be registered as a company under the Companies Act.

Q3. Is there an age limit for registration?
Yes, the applicant must be at least 21 years old.