Limited Liability Partnership

By: NG CHING WANG ASSOCIATES, CHARTERED ACCOUNTANTS  22-10-2015
Keywords: Limited Liability Partnership, Perkongsian liabiliti terhad

Oct 2015 >>>Limited Liability Partnership(LLP) is/provides : >Another business vehicle besides Sdn Bhd, Conventional partnership and sole proprietor >Established under Limited Liability Partnership Act 2012 >Hybrid of Sdn Bhd and Conventional Partnership >Limited liability protection to its partners >Flexibility of management such as profit distribution to its partners >Its accounts are not necessary to be audited and company secretary is not required to be appointed +++++You can: +Save cost(no audit fees & secretary retainer fees), yet +Have liability protection(similar to Sdn Bhd) for all its partners +Have flexibility in profit distribution among its partners +++++You may: **Set up a new LLP **Convert Sdn Bhd to LLP **Convert Conventional partnership to LLP >>>>For further information, call : 012-6823098

Keywords: Limited Liability Partnership, Perkongsian liabiliti terhad

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