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STARTING A LLP

“Identity is cause; 
brand is effect.”

Larry Ackerman

Package Fees for Limited Liability Partnership Setup

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Package availableFee (RM)

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Limited Liability Partnership Setup, RM2,000 .

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For setting up a LLP, please complete the Online LLP Setup Form.

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LLP Setup – RM 2,000  includes:-
All-in-one packages where Faizal & Partners takes care of all the LLP Registration details including professional advises and consultancy for LLP’s compliance matters so that you can devote your energies to the business operation 

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  • Advising & assisting on registration one of the partner as Compliance Officer^ and register for LLP vide MyLLP Portal at www.ssm.com.my
    ^Partner that act as Compliance Officer need visit SSM office to active MyLLP System account

  • One Name Search & Reservation (worth RM30) 

  • Appointment of up to 2 partners

  • Registration Fee payable to (SSM).

  • Preparing & submission of document for Registration of LLP including drafting of standard Partnership Agreement. (worth RM1,000)

  • Stamping Fee of Partnership Agreement payable to Stamp Office – 2 Copies (worth RM20)

  • Prepare resolution to open the LLP’s bank account (maximum 2 accounts)

  • One Set of E-copy Business Profile including LLP registration certificate from SSM (worth RM45.00)

  • Free Annual Declaration to SSM if you are subscribed to our annual LLP services (worth RM424)

  • Free LLP registration consulting & advisory services

  • Free professional advice on statutory/compliance/accounting/tax matters

  • Free tax planning and GST advice

  • Free Monitoring and ensuring compliance with relevant legal requirements, particularly under the LLP Act and Income Tax Act (ITA). Regular compliance alert via email and call.

  • Annual LLP services includes: ​

    • General advisory on limited liability partnerships/compliance/accounting/tax matters

    • Monitoring and ensuring compliance with relevant legal requirements, particularly under the Limited Liability Partnerships Act and Income Tax Act. Regular compliance alert via email and call.

    • Provision of registered address services

      • Statement of letter is available upon request

      • Free Scanning letter services upon request

      • Free daily letter/parcel notifications via email

      • Self-collection of mail and parcels between Monday – Friday: (9am to 6pm) (no handling fee)

      • Receipt of normal mails, air mails, parcels (below 3 kg) or registered mails *

      • Mail forwarding / Courier arrangement to a local / overseas address on daily / weekly / monthly basis is available (Service fee of RM 1  is applied for each forwarding)

  • Maintaining the LLP Registers and Statutory Record

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* Approval must be obtained for any bulky items / parcels (especially it is more than 3 kg) sent to the registered office address. Daily handling fee and storage fee is applied.

 

Steps to Register a LLP:-

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Registration of LLP will normally take 4-7 business days (subject to system availability of MyLLP Portal & SSM office)

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  1. Fill up online LLP Setup form or email us the information as required above to us.

  2. We will check the availability of the LLP name and get back to you within 24 hours.

  3. Upon receipt of payment, Faizal & Partners will assist one of the partner (who will be acting as Compliance Officer) to register account for MyLLP Portal at www.ssm.com.my

  4. Partner that act as Compliance Officer need visit SSM office to active MyLLP System account

  5. Upon MyLLP account activated, Faizal & Partners will submit application for name reservation on behalf of you by using your compliance officer’s MyLLP account.

  6. Once name approved by SSM, we will prepare full set of registration documents.

  7. Signing of documents at Faizal & Partners office by all partners. #

  8. Upon signing, we will proceed to register the LLP with SSM.

  9. Stamping of LLP agreement by LHDN. #

  10. Issuance of Digital LLP Registration Certificate by SSM.

  11. Once the LLP is registered, we will email you all the completed documents (i.e. E-copy of LLP registration certificate, business profile and various other documents).

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#   If there is partner(s) unable to visit Faizal & Partners's office to sign the LLP registration documents, Faizal & Partners will not be able to act as witness to the signatures for the LLP agreement. Partners need to have another person to act as witness and submit the LLP agreement for stamping at any LHDN office.

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Kindly remind that there is no service available for setting up LLP on a specific date. In the event of such request is given, we will try our best to fulfill it for goodwill purposes. However, we will not hold responsible for Any Loss or Damages incurred as a result of the setting up LLP in a different date.

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