If you have previously used LLP, this is a new business model - a child of love between a limited liability company and a partner. LLP offers the advantage of a limited liability company without reporting obligations.









Limited liability companies are great, but they cost a lot of money, especially online for small businesses, and you'll find companies that set up a private limited liability company for around 1500 RM.

And to reduce the costs, at least RM 2 500 (for the cost of church fees, examiner's fees and bookkeeping fees) will be formed:





On the other hand, you get LLP at a lower price. You can also:

Reservation of the company name: RM30

Registration fee: RM 500

Certificate Fee: Including RM 21.20, GST

Total: RM 521.20

Annual declaration: 200 RM

This is very convenient as you do not have to do anything like an annual meeting, appoint a corporate secretary, and submit financial audit reports. But why not start a retail business or partnership instead? They cost much cheaper. Only 60 RM per year (if you are not an advertiser and use your own name) to start and wait (30 RM).





Because LLP is a separate legal entity from its partners. It explains its taxes separately from its partners (it is important as it can optimize the taxes you pay). And then the most important point of all: As a limited liability company, ALPP offers its partners limited liability.





Registration requires the following information and documents: