COMPARISON, SALIENT DIFFERENCE & ADVANTAGES OF LLP BUSINESS FORMATION IN MALAYSIA

NO DESCRIPTIONS COMPANY LLP CONVENTIONAL PARTNERSHIP
2 BUSINESS INFORMATION
a) Types of Each
    Selection
- Limited by Share
  (Sdn Bhd / Bhd)
- Limited by Guarantee (Bhd)
- Unlimited Company
- Partnership
   (> 2 entities)
- Sole Proprietor
- Partnership
  (2 or not more than 20)
b) Entity Name
    Appearances
Company name ended with the word "Sdn Bhd" or "Bhd" Company name ended with the word "PLT" (Perkongsian Liabiliti Terhad) Choice of Trade Name subjected to ROB approval
3 PROS & CONS
a) Separate
     Legal
     Personality
Yes Yes No
b) Liability
     Intensity
Limited liability Limited liability Unlimited liability
c) Information
    Transparency
Transparent. Information are required to file into CCM where public getting chance to expose to it. Transparent. Summary of financial information shall lodge into CCM through Annual Declaration form (within 90 days after financial year ended) Public is unable to trace the financial performance of the business
BACK  MORE>