PLT stand for ‘Perkongsian Liabiliti Terhad’ which indicates that the company is a limited liability partnership.
A PLT company is a new business model — combining the corporate features of a traditional private limited (Sdn Bhd) company with the easy operations of a partnership. A PLT company offers benefits of a Sdn Bhd company without its painful reporting requirements.
Traditional Sdn Bhd companies are great, but they can cost a lot, especially for small business owners. The typical setting up cost of a new a Sdn Bhd company start from RM 1,500 upwards. And it costs at least RM 3,000 per year to maintain (for mandatory expenses like secretary fees, audit fees and accounting fees). Note that annual statutory audit is not required for a PLT company. Though you still need to keep proper accounts for LHDN purpose.
For small businesses, we recommend a PLT company as it is less hassle to maintain than a Sdn Bhd company, yet it gives better protection and business stature to the business owner than an enterprise.
The Package
Our package provides everything that you need to register a new PLT company. Included in this package:
- unlimited searches for availability of proposed name
- reservation of company name
- preparation of submission to SSM
- SSM name reservation fee of RM30
- SSM registration fee of RM500
- SSM certificate fee of RM20
- preparation of a standard Partner Agreement
- appointment of partners in the company
- appointment of compliance officer
- original Certificate of Registration
- original LLP Profile report
Details of the Company
You should provide details for the registration of the company before placing the order here. If you ahve already done so, please provide the details here first.
Payment Schedule
If you do not need to have the company number urgently, you can pay the deposit first. When the company name is approved, we will invoice you for the balance of the package cost in order to proceed with the SSM submission for incorporation.
Otherwise, we would recommend that full payment is made to ensure no time delays in processing the double payment process.