LLP Registration Services in Kuala Lumpur, Penang

If you’re considering to start a business, normally there are a few common business vehicle you can register with Suruhanjaya Syarikat Malaysia (SSM), such as sole proprietorship, partnership, and private limited, as known as sendirian berhad. In recent years, Malaysia has introduced a new form of incorporation called Limited Liability Partnership (LLP), under LLP Act 2012.
If you’re new to this, you can imagine this form of business vehicle is somewhere between conventional partnership and sendirian berhad. The main characteristic of this vehicle is the part where liability of business owner is protected. Unlike conventional partnership, any form of legal lawsuit or compensation more than the whole company’s worth, will need to be paid by individual owners.
The purpose of LLP is simple. It is to support the growth of professionals such as lawyers, charted accountants as a company. LLP also serves start-ups and small-and-medium enterprises (SMEs) to lift-off the liabilities worries off their shoulders. Any debts or obligations is capped at the company’s assets and not of it’s partner. A LLP has the legal status to sue and being sued in its own name.
LLP is very flexible in terms of formation, maintenance and dissolution while protecting owners’ interests and compete with other corporation domestically and internationally. With this new introduction of business vehicle, entrepreneurs now have the choice to choose what is the best for them.
If you’re looking for a team to help you form your Liability Limited Partnership swiftly and correctly, please don’t hesitate to give us a call. Our friendly staff will guide you all the way.