Incorporate Limited Liability Partnership (LLP)
The Flexibility of Partnership, The Protection of a Company
A Limited Liability Partnership (LLP) is a modern business structure that combines the benefits of a traditional partnership with the limited liability features of a company. Introduced in Malaysia under the Limited Liability Partnerships Act 2012, this structure is ideal for small businesses, professionals, and joint ventures that require operational flexibility with legal protection.
At KC Tan & Co, we provide complete LLP incorporation services and ongoing support, ensuring your business meets all regulatory requirements while focusing on growth.
What is an LLP?
A Limited Liability Partnership is a separate legal entity from its partners. It allows for the internal flexibility of a conventional partnership while offering protection from personal liability — partners are not personally liable for the debts of the LLP beyond their agreed capital contribution.
Key characteristics:
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Separate legal entity
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Perpetual succession (can continue even if partners change)
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Requires a minimum of two partners
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At least one compliance officer (who must be a Malaysian citizen or permanent resident)
Who Should Choose an LLP?
LLPs are especially suitable for:
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Professional firms (accountants, lawyers, consultants)
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Startups or SMEs run by small teams
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Joint ventures between businesses or individuals
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Business owners seeking flexible internal management without full corporate structure
Benefits of Registering an LLP
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Limited Liability: Partners are not personally liable for LLP debts and liabilities
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Operational Flexibility: Partners manage the business based on an agreed LLP agreement
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Simplified Compliance: Fewer statutory requirements compared to Sdn. Bhd.
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Tax Efficiency: LLPs are taxed as a partnership — profits taxed at partner level, avoiding double taxation
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Lower Maintenance Cost: No requirement to audit or file annual returns with audited financials
Our LLP Incorporation Services Include:
When you engage KC Tan & Co, we manage the full LLP setup process, including:
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Name search and reservation with SSM (Suruhanjaya Syarikat Malaysia)
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Preparation and submission of LLP registration forms
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Drafting of the LLP Agreement (to define rights, responsibilities & profit sharing among partners)
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Appointment of Compliance Officer
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Issuance of Certificate of Registration
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Post-registration advisory (e.g., tax registration, bank account setup)
Post-Incorporation Support
We don’t stop at registration — we offer ongoing compliance services such as:
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Annual declaration submission to SSM
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Amendment of LLP Agreement or structure
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Bookkeeping and tax compliance
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Business license application (if required)
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Consultation on partner exit or restructuring
Common Questions About LLP
Q: How is an LLP taxed?
An LLP is not taxed as a company — income is taxed in the hands of partners, based on their profit share. This can result in tax savings depending on the partners’ personal tax rates.
Q: Can foreigners register an LLP?
At least one compliance officer must be a Malaysian citizen or PR. Foreigners can be partners, but additional requirements may apply. We can advise you case-by-case.
Q: Is an LLP required to audit its accounts?
No. Unlike Sdn. Bhd., LLPs are not required to appoint auditors or file audited accounts — making it easier and more cost-effective to maintain.
Let Us Help You Incorporate Your LLP
Setting up an LLP with KC Tan & Co is fast, affordable, and worry-free. Our experienced team will walk you through each step and ensure you meet all legal and tax requirements from day one.
Contact us now for a free consultation.
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