{"id":5299,"date":"2024-01-28T20:30:30","date_gmt":"2024-01-28T12:30:30","guid":{"rendered":"https:\/\/malayacorporate.com\/?post_type=article&p=5299"},"modified":"2024-01-28T20:30:31","modified_gmt":"2024-01-28T12:30:31","slug":"comparison-of-the-business-organization-in-malaysia","status":"publish","type":"article","link":"https:\/\/malayacorporate.com\/my\/article\/comparison-of-the-business-organization-in-malaysia\/","title":{"rendered":"Comparison of the business organization in Malaysia"},"content":{"rendered":"
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Comparison of the business organization in Malaysia <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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By MALAYA CORPORATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\u00a0<\/td>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Syarikat<\/strong><\/td>

\u00a0<\/p>

Limited Liability Partnership (LLP)<\/strong><\/p><\/td>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Enterprise<\/strong><\/td><\/tr>
Public Company<\/strong><\/td>Private Company<\/strong><\/td>Conventional Partnership<\/strong><\/td>Sole Proprietorship<\/strong><\/td><\/tr>
Rules & Regulations<\/strong><\/td>Akta Syarikat 2016<\/strong><\/td>Limited Liability Partnerships Act 2012<\/strong><\/td>Registration of Business Act 1956<\/strong><\/td><\/tr>
Entity name appearances<\/strong><\/td>Company ended with \u201cBerhad\u201d<\/strong><\/td>Company ended with \u201cSdn Bhd\u201d<\/strong><\/td>Company ended with \u201cPLT\u201d<\/strong><\/td>Personal name as stated in the identity card or using a trade name<\/strong><\/td><\/tr>
Owner (s) of the business<\/strong><\/td>

1)\u00a0\u00a0\u00a0\u00a0 Members \/ Shareholder<\/strong><\/p>

2)\u00a0\u00a0\u00a0\u00a0 Individual (natural person) or bodies Corporate or combination of both<\/strong><\/p><\/td>

1) Partners<\/strong><\/p>

2) Individual (natural person) or bodies Corporate or combination of both<\/strong><\/p><\/td>

Partners<\/strong><\/td>Sole proprietor<\/strong><\/td><\/tr>
No of shareholders\/ partners<\/strong><\/td>Min 2 shareholders and no limit for the maximum number of shareholders<\/strong><\/td>Min 1 shareholder and max 50 shareholders<\/strong><\/td>Minimum 2 partners and no limit for the maximum number of partners<\/strong><\/td>Owner or partners must be a Malaysian Citizen or Permanent Resident of Malaysian<\/strong><\/td><\/tr>
Legal status<\/strong><\/td>Separate Legal Entity<\/strong><\/td>Separate Legal Entity<\/strong><\/td>Not a separate legal entity<\/strong><\/td>Not a separate legal entity<\/strong><\/td><\/tr>
Perpetual succession<\/strong><\/td>Yes<\/strong><\/td>Yes<\/strong><\/td>No<\/strong><\/td>No<\/strong><\/td><\/tr>
Capital Contribution<\/strong><\/td>Share capital from Shareholders<\/strong><\/td>Partners contribution<\/strong><\/td>Partner contribution<\/strong><\/td>Own contribution<\/strong><\/td><\/tr>
Responsibility for management of business<\/strong><\/td>Board of directors<\/strong><\/td>Partners<\/strong><\/td>Partners<\/strong><\/td>Sole proprietor<\/strong><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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No of directors<\/strong><\/p><\/td>

Minimum 2<\/strong><\/p><\/td>

Minimum 1<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td><\/tr>

Returns<\/strong><\/p><\/td>

Dividends<\/strong><\/p><\/td>

Shares of profit<\/strong><\/p><\/td>

Shares of profit<\/strong><\/p><\/td>

Profit of the business<\/strong><\/p><\/td><\/tr>

Profit sharing<\/strong><\/p><\/td>

Follow shareholding proportion in the Company<\/strong><\/p><\/td>

Specify in LLP Partnership Agreement<\/strong><\/p><\/td>

Specify in Partnership Agreement<\/strong><\/p><\/td>

Entitled to all profit<\/strong><\/p><\/td><\/tr>

Personal liability<\/strong><\/p><\/td>

Liability of shareholder is to the extent of unpaid shares only<\/strong><\/p><\/td>

To the extent of contribution only<\/strong><\/p><\/td>

Unlimited liability<\/strong><\/p><\/td>

Unlimited liability<\/strong><\/p><\/td><\/tr>

Limitation of Liability<\/strong><\/p><\/td>

Limited<\/strong><\/p><\/td>

Limited<\/strong><\/p><\/td>

Unlimited<\/strong><\/p><\/td>

Unlimited<\/strong><\/p><\/td><\/tr>

Company Secretary\/ Compliance Officer<\/strong><\/p><\/td>

Qualified Company Secretary<\/strong><\/p><\/td>

Pegawai Pematuhan<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td><\/tr>

Statutory Audit Requirement<\/strong><\/p><\/td>

Compulsory<\/strong><\/p><\/td>

Compulsory (there are also company that qualified for audit exemption)<\/strong><\/p><\/td>

Not Compulsory unless stated in the LLP agreement<\/strong><\/p><\/td>

Not required<\/strong><\/p><\/td>

Not required<\/strong><\/p><\/td><\/tr>

Compliance & Submission to SSM<\/strong><\/p><\/td>

Annual return and Audited Financial Statements every Calendar year<\/strong><\/p><\/td>

Annual return and Audited\/Unaudited Financial Statements every Calendar year<\/strong><\/p><\/td>

Annual Declaration of Solvency Statement within 90 days from the end of financial year<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td>

N\/A<\/strong><\/p><\/td><\/tr>

Yuran Pendaftaran<\/strong><\/p><\/td>

RM 1,000.00<\/strong><\/p><\/td>

RM 500.00<\/strong><\/p><\/td>

Personal Name: RM 30.00, Trade name: RM 60.00<\/strong><\/p><\/td><\/tr>

Annual Fee<\/strong><\/p><\/td>

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(RM 150 for Annual Return, RM 50.00 for Audited Financial Statement)<\/strong><\/p><\/td>

RM 200.00<\/strong><\/p><\/td>

Personal Name: RM 30.00 per year, Trade name: RM 60.00 per year<\/strong><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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