Limited Liability Partnership Malaysia
Register an LLP for a more flexible partnership structure
Suitable for two or more partners, professional teams and consulting businesses that need a separate legal entity with flexible internal arrangements.
One-off registration packageRM1888Standard LLP registration-related SSM fees included
Name approval, timeline and bank account review depend on SSM, the bank and the individual case.
What is an LLP?
Partnership flexibility with a separate legal entity framework
An LLP is a legal entity separate from its partners. It can contract, own assets, open bank accounts and continue despite changes in partners.
Limited liability is not absolute. A partner may still be responsible for personal wrongdoing, unlawful conduct or personal guarantees.
PartnershipFlexible internal arrangements
Separate EntitySeparate legal identity
BecomesLLP / PLTPartners generally have limited liability
Fit assessment
LLP is flexible, but it does not suit every growth plan
The question is not which structure is best in theory. It is whether the structure fits the partner relationship, funding plan and long-term direction.
Professional and partner-led businesses
- Two or more founders
- Accounting, consulting, design, engineering or training teams
- Agencies, studios and small technology teams
- Businesses not currently seeking equity investors
Businesses planning shares and fundraising
- VC or angel investor funding
- ESOS or employee equity
- Founder shares or multiple share classes
- More complex funding and expansion plans
VSG LLP Registration Package
One-off feeRM1888Standard LLP registration-related SSM fees includedWhatsApp for scopeFrom information preparation to document delivery
We separate registration work from ongoing compliance, so the scope is clear from the start.
Included
- LLP name search and registration guidance
- Application and partner information preparation
- Basic business nature guidance
- MyLLP / SSM submission
- Compliance Officer appointment arrangement
- Registration document organisation
Not included
- Ongoing Compliance Officer service
- Registered or operating address
- Annual Declaration maintenance
- Accounting, tax or audit services
- LLP Agreement drafting
- Special licences or additional authority applications
Before registration
Confirm these 6 items before starting an LLP
LLP name
Prepare 2 to 3 name options. Malaysian LLP names generally end with PLT.
Partner details
At least two partners with identity, contact, address and supporting information.
Contribution
Confirm each partner's contribution amount, form and future funding arrangement.
Profit sharing
Profit sharing is not company shares. Agree on ratios and conditions clearly.
Business nature
Describe the actual products or services for registration, banking and licence planning.
Address and compliance
Prepare addresses and confirm the Compliance Officer arrangement.
Registration Process
From consultation to registration documents
Formal submission starts after the information is complete. Name approval and processing time depend on SSM.
- 01
Consult business situation
Confirm partners, business activity and growth plan.
- 02
Name search and information
Organise name options, addresses and partner information.
- 03
Confirm internal arrangement
Clarify contribution and profit sharing direction.
- 04
Payment and signing
Confirm scope and complete required documents.
- 05
SSM submission
Submit the application through the MyLLP system.
- 06
Approval and delivery
Organise registration documents after approval.
Important reminder
The biggest LLP risk is often not registration. It is partners not writing the rules clearly.
Profit sharing
Should capital, operations and sales contribution be rewarded differently?
Partner exit
How is the interest calculated, transferred and paid?
Money and signing authority
Should large transactions require approval from more than one partner?
New partner admission
Who approves admission and what contribution is required?
Death or incapacity
Will the interest pass to family or be handled by an agreed mechanism?
A professional agreement usually covers
ContributionProfit SharingManagement RightsBanking AuthorityNew PartnerExit & RetirementDeath & IncapacityDispute ResolutionDissolution
An LLP Agreement is usually not submitted to SSM with the registration application, but without customised written terms the statutory default rules may apply.
After registration
An LLP still needs annual compliance maintenance
An LLP does not appoint a company secretary or hold an AGM, but Annual Declaration, record keeping and statutory updates still matter.
Ask annual maintenance quoteLLP Annual ComplianceQuote
- Ongoing Compliance Officer service
- Annual Declaration reminder and preparation
- SSM submission and government fee arrangement
- Partner, address and business information update reminders
- Basic compliance guidance
Government fees, accounting, tax, audit and special filings will be stated separately in the quotation.
LLP vs Sdn. Bhd.
Partner structure or share structure?
If fundraising, employee equity or investor arrangements are important, compare Sdn. Bhd. before registering.
ItemLLPSdn. Bhd.
Main peoplePartner + Compliance OfficerShareholder + Director + Company Secretary
Ownership formContribution and agreement rightsCompany shares
Investor admissionPartner agreement needs adjustmentCan be structured through shares
Employee equityTraditional ESOS is not suitableESOS or share arrangements can be planned
Generally suitable forProfessional teams and partner-led servicesExpansion, branding and funding
Do not assume an LLP can be directly converted into a Sdn. Bhd. Business growth may require setting up a company and arranging asset, contract or business transfer based on legal and tax advice.
FAQ
Common LLP registration questions
How many partners does an LLP need?
At least two partners are required. Partners may be individuals or eligible entities, subject to document checks.
Does an LLP have shareholders or directors?
No. An LLP has partners, contribution and profit sharing arrangements. It does not issue company shares.
Is a Compliance Officer the same as a company secretary?
No. An LLP does not appoint a company secretary, but it must have a qualified Compliance Officer.
Must an LLP Agreement be submitted to SSM?
It is usually not submitted with standard registration, but a written agreement is strongly recommended to define partner rights and obligations.
Can an LLP open a bank account?
Yes, but banks may request the LLP Agreement, business address, business model, website, invoices or transaction proof.
Can an LLP be converted directly to Sdn. Bhd.?
Do not assume direct conversion. A Sdn. Bhd. may need to be incorporated separately with proper transfer planning.
Start Your LLP
Clarify partners, profit and management rules before registering
Tell us the number of partners, business activity and future plan. VSG will help organise the LLP registration direction and checklist.