1.

0 STATISTIC FOR LLP’S REGISTRATION

05 FEBRUARY 2013 – 28 FEBRUARY 2022 30,830

1 JANUARY 2021 – 31 DECEMBER 2021 3,646
Source: https://www.ssm.com.my/Pages/Publication/Statistics

2.0 STATISTIC FOR LLP BASED ON TYPES OF LLP (until 28 February 2022)

1. LLP Local 29,565

2. LLP Professional Practice 312
3. Conversion from Conventional Partnership to LLP 696
4. Conversion from Private Company to LLP 255
5. LLP Foreign 2
Total 30,830
Source: Portal MyLLP

3.0 STATISTIC FOR BUSINESS ENTITIES REGISTERED WITH SSM (Products)

Business Entities Total Registration Total Registration

(the Acts that Governs) (until 31 December 2021) (01 January 2021)

Businesses 8,481,655 384,300

(Businesses Registration Act
1956)

Companies (from 29 March 1898) 45,419

(Companies Act 2016) 1,434,326)

Limited Liability Partnership (from 01 March 2013) 3,646

(LLP) 30,830
(LLP Acts 2012)

Sources: https://www.ssm.com.my/Pages/Publication/Statistics

4.0 OBJECTIVES FOR SETTING UP LLP

4.1 Conducts business in lawful manner
4.2 Makes profits (or loss) (main purpose)
4.3 Provides an affordable way of running a business
4.4 Provides flexibility in terms of internal management but subject to partnership
agreements (using CA 2016 as benchmark or company provision (M&A))

5.0 THE DON’Ts

5.1 Main purpose of business shall not be
5.1.1 Raise fund and donation
5.1.2 Community welfare, educational scholarships
5.1.3 Activities of NGO / NFO / Association

Report by: Hidayah & Nazira

6.0 THE BENEFITS

6.1 Limited Liability

6.1.1 The liability is limited to the capital contributed by the partners.
6.1.2 Only the assets of the LLP will be used to settle the debts without involving
partners’ personal assets.

3 partners Setting up Liability

Contributes → new business → limits to
RM10,000.00 each RM30,000.00
only

6.2 Maximum Control

6.2.1 The partners have the freedom to determine:
6.2.2 how the partnership is governed
6.2.3 the distribution of profits (losses)- (basically on how to distribute amongst us)

6.3 Simple and Easier Business Structure

6.3.1 Agreement (to be kept at registered address)
6.3.2 Account
6.3.3 Business Management
6.3.4 Fee

6.4 Main Provisions of LLP’s Agreements

6.4.1 LLP’s name
6.4.2 Partners’ contributions
6.4.3 Profits/Losses contribution
6.4.4 Power of partners and decision making
6.4.5 Death of partner
6.4.6 Appointment of new partner
6.4.7 Dispute resolution

7.0 TYPES OF LLP

7.1 New Registration

7.1.1 Local
7.1.2 Professional
7.1.2.1 Advocates & Solicitors
7.1.2.2 Chartered Accountant
7.1.2.3 Company Secretary
7.1.3 Conversion
7.1.3.1 Conventional Partnership
7.1.3.2 Private Company (from private company covert to LLP
7.2 Foreign

Report by: Hidayah & Nazira

8.0 COMPOSITION
8.1 Partners
8.1.1 S6 - Minimum 2 persons or more (no maximum) – individual or corporate
body
8.1.2 S7 – It is an offence to carrying on business with less than minimum partners
(but with condition) not exceeding 6 montths or longer as determined by the
Registrar – usually less than a year.
8.1.2.1 Fine – Not exceeding RM200,000.00
8.1.2.2 Court may order the LLP to be dissolved and its name strike off from
Register
8.1.3 Bankruptcy of Partner
7.3.1.1 S25(1)(a) – his bankruptcy shall not cause him to cease being a
partner
7.3.1.2 S25(1)(b) – shall not be entitles to received distribution of profit
(loss)
7.3.1.3 S25(1)(c) – the bankrupt partner shall not interfere in the
management of LLP
8.2 Compliance officer
8.2.1 S27(1) – shall appoint at least 1 compliance officer:
8.2.1.1 From amongst its partners or persons qualified to act as Secretaries
under CA 2016
8.2.1.2 Citizen or permanent resident of Malaysia
8.2.1.3 Ordinarily resides in Malaysia
8.2.2 S28(1)(a) – he is undischarged bankrupt
8.2.3 S28(1)(b) – disqualified to act as the director or company secretary under CA
2016
8.2.4 Duties (resposible to carry out the duties under LLP Act 2012 and LLP
Regulations 2012 as follows;
8.2.4.1 Regulation 6 – To lodge or submit document on behalf of LLP or
LLP’s partners
8.2.4.2 S17 – Register the changes of LLP
8.2.4.3 S19 – To keep statutory documents and its list in the registered office
8.2.4.4 S20 – To display the name and registration number outside the
registered office and place of business
8.2.4.5 Any other matter required by Registrar from time to time

9.0 WHO CAN REGISTER LLP?

9.1 Individual (Public User)

9.1.1 One of the partners who is appointed as the Compliance Officer
9.1.2 Verified User
9.2 Company Secretary (Professional User)
9.2.1 Appointed as the Compliance Officer
9.2.2 Verified Professional User

Report by: Hidayah & Nazira

10.0 TYPE OF USER AND THEIR ACCESS TO MYLLP USER

Type of User Access Limit to the System:

User To search To be To submit To purchase
Activation at availibility of appointed as the LLP
SSM LLP’s name LLP’s application products
Counter Compliance
Officer
Federal
Government √ √ × × √
User (with letter from (with discount)
the agency)

State
Government √ √ × × √
User (with letter from
the agency)

General User
× √ × × √

Verified User √ √ √ √ √

Verrified
Professional √ √ √ √ √
User

11.0 HOW TO REGISTER LLP

11.1 Access to https://www.ssm4u.com.my and click sign in

11.2 Click MYLLP on the dashboard
11.3 Click starting LLP
11.4 Click Register Local LLP (2 options to register LLP)
11.4.1 Starting from Name Reservation method by selecting Local Name
Reservation. Then, fill in the required information for the name search and
pay RM30.00. Once application of the propose name approved, within 30
days, the same applicant to process with submission for LLP registration with
fee of RM500.00
11.4.2 Click to tab Direct Registration. Fill in the particulars and pay registration
fee of RM500.00. If the name is available, select suffix PLT or Perkongsian
Liabiliti Terhad. However, if the system lists similar names of existing
business, company and LLP, please reset and put in different name
11.5 Complete LLP details i.e registed address. Key in 5 digit postcode the bring the
curser out from the box and right click. The data for city and state will be auto populated.
Complete the business address (if any). If similar to registered address, click to button
Copy from Registered Address. Click to save and next button.
11.6 Complete the Business Code and Description. Minimum 1 and Maximum of 5
business codes. Business decription to be filled in English in less than 500 characters.
Tick declaration box then save and next buttion.
11.7 At tab Compliance Officer (CO) details, the CO data is auto populated from his
uder registration. Click Add Compliance Officer if the LLP has more than 1 CO. Save
and next button.

Report by: Hidayah & Nazira

 11.8 At tab Partner details, CO data is auto populated as the partner (if he is not licensed
company secretary). Click to CO’s name and then edit to complete the info. Click save
button and then click add the next partner.
11.8.1 Min 2 partners and no maximum
11.8.2 May be individuals or body corporate or mixture of both
11.8.3 May be local or foreigner
11.8.4 May provide local or foreign address
11.9 Upload supporting documents
11.10 Vie complete form at tab Summary
11.11 View pdf form and invoice (may save it)
11.12 Click fee and Declaration. Tick declaration and submit button
11.13 Pay online after see fee information. System will generates invoice
11.14 The user may check his submission of application at Menu Submitted Application >
List of Submission
11.15 Upon submission, user will receive;
11.15.1 Payment transaction
11.15.2 Status of application either query / approve / reject
11.16 Upon approval, system will generate registration number. Applicant will receive
notice of approcal and registration via email.
11.17 All products of LLP may be purchased at portal xcess.ssm4u.com.my , such as
certificate that cost RM30.00.

12.0 HOW TO TAKE CARE OF YOUR LLP?

12.1 Safekeep of Record and Statutory Documents

12.1.1 Where to keep?
12.1.1.1Registered Office
12.1.2 What to keep?
12.1.2.1Notice of registration
12.1.2.2Registration of names and addresses of respective partners and CO
12.1.2.3Annual declaration
12.1.2.4Any statutory that submitted to SSM
12.1.2.5Any documents issued by the Registrar under S11(4)
12.1.2.6LLP Agreement
12.1.2.7Instrument of Charges if any
12.1.2.8Any other document requested by the Registrar from time to time

Report by: Hidayah & Nazira

13.0 HOW TO MAINTAIN LLP?

13.1 S15 - Change of LLP Name

13.1.1 Example: LLP0008592-LGN
13.1.2 Superwomen Customers Solution PLT -(20 July 2016)
13.1.3 Superwomen Cleaning Services PLT -(15 May 2017)
13.2 S17 - Changes of particulars
 Example: registered or business address, appointment or ceasation of partners
or CO, business activities, etc…
13.3 S68 - Submission of Annual Declaration

14.0 HOW TO WINDING UP THE LLP?

14.1 Court Order – By creditors or liquidators

14.2 Voluntary – By the partners
14.3 Strike Off – Registrar or Companies

15.0 SAMPLE OF SSM’S REGITRATION NUMBER BASED ON TYPE OF BUSINESS

ENTITIES

BUSINESS Name of Business Registration number 12 Digit Registration

ENTITIES Entities Number
(the Governance Act)
Business: Sole Prop Pusat Jagaan Kanak- 001981038-P 201003194102
& Partnership Kanak Istimewa
(Businesses Rozita 2010 – year establishment
03 – Business’ number
Registration Act 1956) 194102 – Running number

Companies PMA Certified Sdn. 888888-X 200801029959

(Companies Act 2016) Bhd.
2008 – year establishment
01 – Business’ number
029959 – Running number
Limited Liability KMC Smart LLP0000008-LGN 201304000008
Partnership (Limited Manufacturing PLT
Liability Partnership 2013 – year establishment
04 – Business’ number
Act 2012) 000008 – Running number

Report by: Hidayah & Nazira