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Business Registration Act

Under the Business Registration Act, "business" includes every form of trade, commerce, craftsmanship, calling, profession and any activity carried on for the purposes of gain.

Unlike an LLP or a company, a business is not a legal entity in its own right and the business owner is responsible for the business's liabilities.

A business may be a sole-proprietorship, that is owned by a single person, or it may be a partnership of up to 20 people.

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