Conversion of Limited Liability Partnership
Types of conversion
- From conventional partnership;
- From Private company; or
- From conventional professional firms to LLP for Professional Practices
Application for conversion
Only the Compliance Officer appointed by LLP may lodge the application of conversion:
- One partner or company secretary (pursuant to the Companies Act 2016)
- Individuals who are citizens/permanent residents of Malaysia aged 18 years and over
Procedures for conversion to LLP
- From Conventional Partnership to LLP
- The name and registration number of conventional partnership;
- The date on which the conventional partnership was registered under the Business Registration Act 1956 or any other written law;
- The partner is composed of the same person;
- That as the date of the application, the conventional partnership appears to be liable to pay its debts as they become due in the normal course of business;
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;
- From Private Companies to LLP
- The Name and registration number of the private company;
- The date on which the private company was incorporated under the Companies Act 1965 or 2016;
- That as at the application date, the private company appears to be able to pay its debts as they become due in the normal course of business;
- That as at the application date, all outstanding statutory fees or any amount owing to any government agency has been settled;
- That the private company has placed an advertisement in at least one widely circulated newspaper in Malaysia and published a notification in the Gazette of its intention to convert to a limited liability partnership;
- That all the creditors have agreed with the application to convert to LLP
- All shareholders agree with the application to convert to LLP
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;
- From conventional professional firms to LLP for Professional Practices
- The name and registration number (if any) of the conventional professional firm;
- The date on which the conventional professional firm was registered under the relevant law;
- That as at the date of the application, the conventional professional firm appears to be able to pay its debts as they become due in the normal course of business;
- A letter of approval or letter of no objection from the relevant governing body as specified in the third column of the First Schedule of the LLP Act 2012;
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;
Registration fee
Fee for LLP conversion is RM500.00
Note:
Only notice of conversion will be issued.
Certificate of registration of LLP would be issued by SSM upon request together with the prescribed fee.