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Or is there such a thing? As a company secretary, quite often I get asked by business owners what is the type of business entity that suit them best . Is Sdn Bhd (private limited company), or Sole Proprietorship better? Particularly since the introduction of LLP - Limited Liability Partnership, many are saying that it is the best business structure for business owners in Malaysia.
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Limited Liability Partnership (LLP) was introduced by Companies Commission of Malaysia last year.
With the introduction of a new business vehicle by Companies Commission of Malaysia, we thought it might be worthwhile to come up with a comparative table that will briefly explain the significant differences between each business entities available in Malaysia. If you are one of those wondering what is the difference between a Sdn Bhd, partnership, LLP and sole proprietorship, we hope the table helps. |