Limited Liability Partnership is a hybrid business vehicle combining the features of a private company and conventional partnership. Members are afforded limited liability status while also retaining flexible internal arrangement through agreement between partners. Any debts and obligations will be borne by the assets of the LLP and not those of its partners’. It has the legal status of a body corporate capable of suing and being sued in its own name, holding assets and doing other acts in its name just like a company.

You can use LLP as a vehicle to do your business in Malaysia by either registering a new one or registering existing foreign LLP with the Companies Commission.

Its structure is designed for all business purposes with a view to making profit. It may also be formed by professionals such as lawyers, accountants and company secretaries to conduct their professional practice. The LLP concept is also suitable for start-ups and small and medium enterprises (SMEs) to grow their businesses without having to worry too much on their personal liabilities, personal assets and strict compliance.

Click here for more details on LLP in Malaysia.

 

Our Limited Liability Partnership (LLP) package is;