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Apr 2, 2024 · An LLP in Malaysia is an alternative business vehicle that is regulated under the Limited Liability Partnerships Act 2012. It combines the characteristics of a Company and a Conventional Partnership firm, offering limited liability status to its partners.
GUIDELINES ON LIMITED LIABILITY PARTNERSHIP NAMES This guideline is issued pursuant to section 20C of the Companies Commission of Malaysia Act 2001. 1. This guideline is applicable to all applications for registration of name for registration of a Limited Liability Partnership and change of name of a Limited Liability Partnership. OBJECTIVE 2.
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Guide to Select Your Malaysia Company Names; Free Malaysia Company Name Check; Incorporation FAQ; Determining Financial Year End; Sole Proprietor vs LLP vs General Partnership vs Company; Online Incorporation Form; LLP. Limited Liability Partnership Setup; Conversion into LLP; Annual LLP Services; Taxation for Limited Liability Partnership LLP
- Before You Register LLP in Malaysia
- Other Key-Considerations When You Setting Up Your Own LLP
- Required Information and Documents
- Registration Procedure and Timeline
- Continuous Obligations of LLP
Keep in mind the following LLP information you’ll need to provide: 1. LLP Name.You must receive approval for your new LLP name. 2. Partners.You must have at least two partners but there is no limit for maximum number of partners. The partners could be Individuals (natural persons) or bodies corporate or a combination of both. There is no requiremen...
Partnership Agreement The mutual rights and duties of the partners of an LLP and the mutual rights and duties of the LLP shall be governed by the LLP agreement. However, in the absence of agreement as to any matter set out in the Second Schedule of the LLP Act 2012, provisions of the Second Schedule relating to that matter shall apply. Default Prov...
The Registrar (SSM) will need the following information and documents: 1. Name of the proposed LLP 2. General nature of the proposed business of the LLP 3. Proposed registered office of the LLP 4. Name and details of every person who is to be a partner of the LLP 5. Name and details of compliance officer(s) of the LLP 6. If the LLP is formed for th...
Registration of LLP will normally take 4-7 business days (subject to system availability of MyLLP Portal & SSM office)
With the LLP registered, you could start running your business. But don’t forget on the continuous obligations of LLP including registration of changes, keeping of accountings records, annual declaration to SSM, tax compliance and other statutory compliance matters. DON’T WORRY, 3E Accounting could always help you on these. Registration of changes ...
Registration of LLP is made by the compliance officer appointed by LLP: One of his partners or a person qualified to act as secretary under the Companies Act 1965; At least 18 years old and Malaysian citizen/permanent resident; and. Usually living in Malaysia. Registration fee. Fee for registration of LLP is RM500.00.
Limited liability partnership (LLP) is a new type of business vehicle introduced by the Companies Commission of Malaysia (CCM). It is combines the features available on the Sdn Bhd company and conventional partnerships. LLP company starting from its incorporation to its closure is regulated by the LLP Act 2012.
Conversion from a Company to an LLP. The company's name, number and incorporation date. All outstanding statutory fees to government agencies has been settled. At the date of application, the private company is solvent. Advertisement has been placed in a widely circulated newspaper in Malaysia and the Gazette and
