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Complete Our Form
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Verification of Compliance Officer
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Name Search and Sign Documents
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Name Search and Sign Documents
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You need to fill our simple company registration application form and return to us with all partners I/C or passport
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We will register MyLLP account for the compliance officer. He or she shall visit SSM with his / her photocopy of identity and SSM email
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We will check availability of your proposed LLP name with SSM, you need to visit our company, sign documents and make payment to us
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We will submit the signed documents to Companies Commission of Malaysia. Certificate of Registration will be issued by SSM and your Company is ready to go
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START
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1 WORKING DAYS
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3 WORKING DAYS
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CONGRATULATIONS
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Separate Legal Entity
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Owning Property
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Easy Transferability
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Limited Liability Partnership is a legal entity and a juristic person established under the Limited Liability Partnerships Act 2012. Hence, it has a range of legal capacities including opening of a bank account, hiring of employees, taking on equity or obtaining licenses and more as an independent corporate entity. All partners have no personal liability to the creditors of a company for company's debts.
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Limited Liability Partnership being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., No partner can make a claim upon the property of the company - as long as the company is a going concern.
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Ownership of a business can be easily transferred in a company by appointing and removing partners. The new profit sharing and partner remuneration packages can be determined by partners’ meeting minutes or new partnership agreement.
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Uninterrupted Existence
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Exempt from Financial Statement Audit
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Lower Income Tax Rate
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Limited Liability Partnership (PLT.) has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any partners and continues to be in existence irrespective of the changes in ownership.
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Limited Liability Partnership (PLT.) can file their annual declaration without engage an external auditor to audit their financial statement.
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The highest income tax rate of Limited Liability Partnership (PLT.) is 24% while highest income tax rate of individual can up to 28%. Distribution of income wisely may help in income tax saving.
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