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Drafting Malaysia Company Constitutions After the company has formulated its Vision, Goals, Mission, and Objectives, the next step is drafting Malaysia Company Constitutions. It used to be a required documentation prior to the incorporation of the company under the Companies Act 1965 of Malaysia. However, since the Companies Act 2016, it is no longer mandatory.…
2019 Amendments to Malaysia Companies Act Every Investor Should Know About Change is inevitable for everyone. In fact, it’s the only permanent occurrence in the world. Business Laws are no exemptions to this. The Companies Amendment Bill 2019 brought some amendments to Malaysia Companies Act 2019. The following are the highlights: The Formalities of…
What Are the Pros and Cons of Incorporating Your Business in Malaysia or Hong Kong? If you were given a chance to have your own business in Malaysia or Hong Kong, which country would you choose? If your answer is you’re going to take some time first and gather some facts before you answer the…
How to Do the Online Annual Declaration of LLP in Malaysia The financial year has ended. It’s time to submit the Online Annual Declaration of LLP to the government of Malaysia. But assuming you’ve just started your own LLP business and you’re wondering, what are the documents you need to prepare? The details and requirements…
Running a Business: Tips to Make Your LLP Work in Malaysia Good relationships are necessary for a successful venture. The Limited Liability Partnership (LLP) is no exception to this. When you have an LLP business, you need to treat your business partners and co-owners right including all the employees in the company. The quality of…
Differences Between Limited Liability Partnership and Joint Ventures Sometimes a particular company wants to make a joint business venture with you in a specific project. It could be for a common cause like promoting health, environmental awareness, gender and development, women empowerment, and so on and so forth. So, why are some companies doing this?…
Risks of Limited Liability Partnerships You Should Know About Apart from the plethora of advantages, the Limited Liability Partnership (LLP) has its own downsides. As a businessperson, this is something that you must be aware of so you can do something to lessen or minimize its effect. In this article, we talk about the risks…
Advantages of LLP in Malaysia: Why You Should Open an LLP? Before talking about the advantages of LLP, we introduce the types of business vehicles in Malaysia. There are 6 kinds of businesses in Malaysia to choose from. These are Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Private Limited Company, Labuan International Company, and Representative.…