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Winding up of LLP in Malaysia

LLP can be dissolved through winding-up by court, voluntary winding-up or striking-off by Registrar. The common mode of dissolving a LLP will be applying for voluntary winding-up, initiated by one of the partners of LLP when the LLP has ceased operations and discharged its debts and liabilities.

A pre-requisite requirement for the winding-up application will be obtaining a written notice from the Inland Revenue Board (IRB). Upon obtaining the clearance from IRB, notice for proposal of winding-up shall be sent to all partners of LLP and a notice has to published in widely circulated Malaysian newspapers for declaration of such winding-up.

The Registrar will declare the LLP is dissolved if no objection is received and if there is any objection, upon withdrawal of such objection by the partners/creditors or when the Registrar decides the objection made is without justification.

Our fee for assisting in winding-up of LLP is RM5,000 including advertisement fee and fee payable to SSM. This special rate is only applicable should you sign-up our Annual LLP Services.

If you need our assistance to obtain the tax clearance letter from IRB, our fee is from RM1,000.

For companies that have ceased business operations, the companies have to obtain closure of EPF/SOCSO/PCB Employer Registrations and final tax return to be submitted to IRBM. We will be able to quote you a fee for preparation of the submissions of closure of the mentioned statutory boards and final tax returns once we received all accounting records from you.