Limited Liabilities Partnership (LLP)

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LLP is an separate legal entity by itself. It is a hybrid between conventional partnership and company.

The partners are given limited liability and at the same time its partners are not govern by the rigid companies Act 2016.

LLP is a separate legal entity like company. Therefore, fixed assets can now be held by LLP as compared to conventional partnership.

Furthermore, it has certain taxation advantages as compared to the conventional partnership or sole proprietor.

 

Brochure

— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —

What Will You Learn?

  • Set up a LLP by yourself
  • Learn the cost saving methods
  • Understand the basic compliance requirement
  • Dealing with LLP tax matters
  • Module 1.1:
    • Compliance challenges you might be facing currently
    • Ways to save cost of compliance and avoid penalties?
    • Alternative methods to save your expenses?
  • Module 1.2:
    • Whether LLP suitable for your businesses?
    • Comparison of business set up
    • Industries that suitable
    • Tax Corner
  • Module 1.3:
    • How to register for new platform?
    • How it works?
    • The cost of set up
    • The compliance cost and penalties
    • What should you prepare?
  • Module 1.4:
    •  Benefits of incorporation of LLP
    • Pros and Cons
    • Restriction might be facing
    • Dealing with business losses and capital allowances
    • Special allowances for small value assets
    • Tax treatment for partners
    • Q & A