Differences Between LLP and Sdn. Bhd. Eguide - ipad mockup
A LPP LAW FREE RESOURCE : E-GUIDES

Legal Guide on the Differences between LLP and Sdn Bhd

Given the abundance of both business vehicles in Malaysia, which one is better for an entrepreneur to start his business?

Topics in the e-Guide

  • Incorporation Costs
  • Annual Maintenance
  • Protection against Liabilities
  • Administration Process
  • Transparency
  • Income Tax of the Entity
  • Income Tax of the Partners or Shareholders
  • Growth and Expansion
  • Ease of Conversion from a Conventional Partnership to an LLP or Sdn Bhd

Responsibilities of Executor:

  • Apply for and extract the grant of probate.
  • Make arrangements for the funeral of the deceased.
  • Collect and make an accurate inventory of the deceased’s assets.
  • Settling the debts and obligations of the deceased.
  • Distributing the assets.

Note for Digital Executor:
If you wish to leave your digital assets to certain people in your Will, there are important steps that need to be taken to ensure that your wishes can be carried out:

  • Keep a note of specific instructions on how to access your username and password of your digital asset.
  • You are advised to store these private and confidential information in a USB stick, password management tool or write them down.
  • Please inform your executor or a trusted person of the whereabouts of the tools so that they will have access to your digital asset.