![]() ![]() Need to appoint a compliance officer whose responsibilities is to ensure that the LLP submits statutory returns to SSMĪdvantages of Limited Liability Partnership.Governed by a tailor-made partnership agreement.Limited liability for each of the partners.Characteristics of Limited Liability Partnership It is a relatively new corporate structure governed under Limited Liability Partnership Act 2012 and is a hybrid of conventional partnership and Sdn. Difficult to maintain due to complexity involvedĪ Limited Liability Partnership is unlike other business entities in Malaysia.Has very strict compliance and regulatory requirements. ![]() Ownership of shares is flexible and easily transferable.Able to raise capital through issuance of shares to public.Easier to raise and obtain funding due to it being publicly listed. ![]()
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