22/01/2026
In January 2010, I was invited to speak at a Pertubuhan Akitek Malaysia (PAM) CPD Seminar held at PAM Centre, Jalan Tangsi, Kuala Lumpur.
The session focused on a comparative overview of three business structures commonly considered by professionals and SMEs at the time:
Sole Proprietorship vs
Private Limited Company (Sdn Bhd) vs
Limited Liability Partnership (LLP). Ng Kim Cheong KC presented the taxation implications across these different business entities, complementing the legal and structural discussion.
Following the Kuala Lumpur seminar, we were also invited to share the same topic with:
PAM Northern Chapter and PAM Sarawak Chapter.
In 2010, the LLP framework was still in its pilot phase, operating under discussion papers and preliminary regulatory concepts. It had not yet been fully implemented under the Limited Liability Partnerships Act 2012, which would later be administered by Suruhanjaya Syarikat Malaysia (SSM).
At that stage, LLPs were being positioned as a new hybrid business vehicle, intended to
retain the flexibility and simplicity of a conventional partnership
(Registered under ROB) while offering limited liability protection, similar to a private company
(Registered under ROC). This made the LLP particularly attractive for professionals, small practices, and partnerships who wanted operational ease without exposing partners to unlimited personal liability.
Time flies, 16 years ago...
