" Learn what LLP (Limited Liability Partnership) or PLT means in Malaysia under SSM. Find out how it works, who should register, and how to download your LLP / PLT documents online fast. "
What Is LLP / PLT in Malaysia?
In Malaysia, LLP stands for Limited Liability Partnership, and its Malay term is Perkongsian Liabiliti Terhad (PLT).
An LLP / PLT is a business structure registered under SSM that combines the flexibility of a partnership with the limited liability protection of a company (Sdn Bhd).
This means partners can run their business together while protecting their personal assets a perfect balance between simplicity and legal safety.
Key Features of LLP / PLT
LLP / PLT is governed under the Limited Liability Partnerships Act 2012 and regulated by Suruhanjaya Syarikat Malaysia (SSM).
Here are the main features:
✅ Separate legal entity LLP / PLT can own assets, sign contracts, and sue or be sued in its own name.
✅ Limited liability partners are not personally responsible for the companys debts.
✅ Flexible management partners decide how profits are shared and business is managed.
✅ Lower compliance cost less paperwork compared to Sdn Bhd.
✅ No limit on partners can have two or more partners, either individuals or corporate bodies
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In Malaysia, LLP stands for Limited Liability Partnership, and its Malay term is Perkongsian Liabiliti Terhad (PLT).
An LLP / PLT is a business structure registered under SSM that combines the flexibility of a partnership with the limited liability protection of a company (Sdn Bhd).
This means partners can run their business together while protecting their personal assets a perfect balance between simplicity and legal safety.
Key Features of LLP / PLT
LLP / PLT is governed under the Limited Liability Partnerships Act 2012 and regulated by Suruhanjaya Syarikat Malaysia (SSM).
Here are the main features:
✅ Separate legal entity LLP / PLT can own assets, sign contracts, and sue or be sued in its own name.
✅ Limited liability partners are not personally responsible for the companys debts.
✅ Flexible management partners decide how profits are shared and business is managed.
✅ Lower compliance cost less paperwork compared to Sdn Bhd.
✅ No limit on partners can have two or more partners, either individuals or corporate bodies
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All content and images on this website are the property of their respective owners. Unauthorized copying, reproduction, or redistribution of any materials is strictly prohibited without written permission.
All SSM logos and any government logos shown on this website are the property and copyright of their respective government agencies. They are used here for identification or informational purposes only. This website is not affiliated with or endorsed by SSM or any government department.
