Sole Proprietor vs LLP vs General Partnership vs Company in Malaysia
Sole Proprietor vs LLP vs General Partnership vs Company in Malaysia Types of Business Entities The following are the common forms of business organization in Malaysia:- By an individual operating as Sole Proprietor By two or more (but not more than 20) persons in Partnership , or By two or more persons in Limited Liability Partnership , or By a locally incorporated Company or by a Foreign Company registered under the provisions of the Company Act 2016 Company Limited Liability Partnership (LLP) General Partnership Sole Proprietorship Entity Name Appearances Company name ended with the word “Sdn Bhd” or “Bhd” Company name ended with the word “PLT” (Perkongsian Liabiliti Terhad) Choice of Trade Name subjected to ROB approval Choice of Trade Name subjected to ROB approval Capital Contribution Share capital Partners contribution Partners contribution Own contribution Owner(s) of the business Company(members / shareholders own...