What is an LLP and is it better than a Sdn Bhd?
An LLP (Perkongsian Liabiliti Terhad, 'PLT') combines partnership flexibility with limited liability and lighter compliance — no audit requirement, no company secretary, but a compliance officer instead. The trade-off: weaker acceptance from banks, investors and corporate clients. Professional practices use LLPs well; growth businesses aiming at funding or tenders usually still choose the Sdn Bhd.
Statutory figures: LLP Act 2012
Also asked as: llp vs sdn bhd; perkongsian liabiliti terhad; plt vs sdn bhd; limited liability partnership malaysia.
If you're weighing the two, the deciding questions are who you'll bank with, whether investors are in your future, and what your clients' vendor requirements say. WhatsApp +60 10-383 5988 with your case.
Key facts
- LLP Act 2012; suffix PLT
- No audit/secretary; compliance officer required
- Weaker banking/investor acceptance than Sdn Bhd
WhatsApp +60 10-383 5988 (licensed secretary replies the same working day) or walk in at J-3A-15, Solaris Mont Kiara.