Limited Liability Partnership
An alternative to incorporating a company while having protection on personal wealth and without strict annual compliance requirements.
Limited Liability Partnership
Limited Liability Partnership (LLP) is an alternative business vehicle to carry out business, which combines the characteristics of a private company and a conventional partnership. It is a more structured business vehicle compared to a sole proprietorship or a conventional partnership.
Our Plan
Professional setup package
LLP Set-Up
RM999
Registration Services includes
- Conduct name check for availability of LLP name
- Registration fee of RM500 payable to SSM
- Preparing all registration forms
- Filing all registration forms with SSM
- Free standard LLP Agreement
- Preparing 1 set of certified copy of registration forms
- LLP Certificate of registration with SSM
- Professional statutory and accounting advice
- Prepare resolution to open one LLP bank account
Why Incorporates
Limited Liability Partnership?
Separate Legal Entity
LLP is a body corporate and has a legal personality separate from its partners
Exemption
LLP is exempted from lodging audited financial statement
Flexibility
Offers flexibility in internal management through an LLP agreement between the partners
Less Requirements
LLP has less formal business requirements
Low Maintenance
Lowest and cheapest annual maintenance
Low Income Tax Rate
Lower income tax rate compared to conventional partnership
Have more questions?
Feel free to get in touch with us and learn how we can work with you on your business journey.
Teo Hui Ling
Director
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SCALEUP CORPORATE SERVICES SDN. BHD.
Reg No.:200101018100 (553857-A )
