This is the second part of my article on the choice of business structures for business owners, which I contributed to NST: RED. In this article, I introduced the concept of the Limited Liability Partnership (LLP) which is expected to be implemented early next year. My article is reproduced below:
ADVISORY: Limited Liability Partnership option
HYBRID ADVANTAGES: Long practised in other countries, the corporate hybrid entity that is Limited Liability Partnership finally arrives in Malaysia
One of my clients approached me the other day to discuss the future plans of his business, jointly operated by him and his wife, which is ready for growth and expansion very soon. He felt that in view of the expansion plans, the time is right for him to incorporate a company.
of starting a company.