By admin, 8 June, 2024

A Limited Liability Partnership (LLP) or "Perkongsian Liabiliti Terhad" (PLT) in Malaysia offers several benefits for entrepreneurs and businesses. Here are the key advantages:

1. Limited Liability

One of the most significant benefits of an LLP is that the liability of partners is limited to the amount of their agreed contribution. This means personal assets are protected and cannot be used to cover the debts and liabilities of the business beyond the amount invested.