Sdn Bhd Vs Llp Malaysia

Limited liability partnership llp was introduced by companies commission of malaysia last year.

Sdn bhd vs llp malaysia. The country has immense natural resources huge cultural diversities and strong business opportunities. You can take greater risks to gear up the growth of your business. Later for sure confirm no doubt about it save your bullet registering an llp can cost up to rm500 and converting from llp to sdn. Malaysia is a southeast asian nation.

Nbc group has helped hundreds of our clients for the past 10 years to register a company in malaysia at rm980 only the lowest cheapest and no 1 in petaling jaya malaysia. Sdn bhd private limited company sole proprietorship partnership. With the introduction of a new business vehicle by companies commission of malaysia we thought it might be worthwhile to come up with a comparative table that will briefly explain the significant differences between each business entities available in malaysia. In conclusion a private company sdn bhd is preferred over business entities with the enforcement of the new companies act 2016 which allows for incorporation by sole director and shareholder and at the same time offers limited liability feature.

Two or more parties. Personal assets wealth are protected. Difference of sdn bhd llp partnership limited liability with no audit and secretary. Instead of llp.

Llp s registration costs and on going compliance costs are relatively cheaper due to fewer ongoing compliance requirements i e. Still easier to use than a sdn bhd. Sdn bhd company registration at rm980 the best price in town and has never been so easy and cheaper. If you want a close alternative to the sdn bhd without compromising on limited liability protection the llp is a good option to consider.

Ownership one or more. I would advise against registration of llp at early stage because if you are going for equity funding you are going to set up a sdn. Words ended at the end of name registered sdn bhd or sendirian berhad or bhd or berhad plt perkongsian liabiliti terhad no specific word. The llp has more compliance requirements than a conventional partnership but is yet again relatively less complex compared to the sdn bhd.

Bhd and llp provide you with personal liability protection and the tax treatments are generally the same except that sdn. Is far more tedious. When we are talking about business among other business curriculums starting a limited liability partnership in malaysia remains one of a kind business structure. Limited liability partnership conventional partnership sole proprietorship.