What’s the most common and simplest business entity in Malaysia?

Partnership! You can easily go into business with another person without the perceived formality of a limited company 👍🏻 Not just that, a partnership is also great for financing, expertise, and shared responsibility 👎🏻 BUT, don’t forget about the disadvantages like partner liability and conflicts of interest as well.

Definition of a Partnership

A partnership is a business entity owned by two (2) persons but not exceed to twenty (20) persons at one time. An identity card name is not allowed to be used as a business name such an entity. Only a local Malaysian or Permanent Resident (PR) is allowed to register a Partnership to run their business.

Some of the unique features a partnership includes:

Advantages of Starting a Partnership

Disadvantages of Starting a Partnership

Want to find out if a business partnership is right for you? We can advise and guide you through the process 📲 Get in touch with us via WhatsApp at https://wa.me/60143248237.

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