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Winding Up Of LLP

Winding up of LLP in Malaysia - Striking-off

Limited Liability Partnership can be dissolved through winding-up by court, voluntary winding-up or registrar-ordered striking-off. The most typical way to dissolve will be applying for voluntary winding-up, which is usually made by one of the partners after the LLP has ceased operations and discharged its debts and liabilities.

Getting a formal notice from the Inland Revenue Board will be a prerequisite for the winding-up application (IRB). All LLP partners must be notified of the request for winding-up, and a notice must be published in widely circulated Malaysian publications to announce the winding-up once the IRB has given its approval.

Companies that have ceased business operations must acquire closure of their EPF/SOCSO/PCB Employer Registrations and file their last tax return to IRBM. Once we have all your accounting records, we will be able to provide you with a price for the cost of preparing the submissions of closure to the above-mentioned statutory boards and final tax returns.

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