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Conversion Into LLP
There are 3 types of conversion to LLP:
ELIGIBILITY CRITERIA AND PROCEDURE CONVERSION
- The name and registration number of conventional partnership;
- The date of conventional partnership was registered under the Business Registration Act 1956 or any other written law;
- The partners is the same person from conventional;
- At the date of the application, the conventional partnership appears to be liable to pay its debts as they become due;
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;
ELIGIBILITY CRITERIA AND PROCEDURE CONVERSION
- The Name and registration number of the private company;
- The date of the private company was incorporated under the Companies Act 1965 or 2016;
- At the application date, the private company appears to be able to pay its debts as they become due;
- All outstanding statutory fees or any amount owing to any government agency has been settled;
- The private company has advertised of its intention on conversion to LLP in at least one widely circulated newspaper in Malaysia and published a notification in the Gazette;
- All the creditors have agreed with the application to convert to LLP ;
- All shareholders agree with the application to convert to LLP;
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;
ELIGIBILITY CRITERIA AND PROCEDURE CONVERSION
- The name and registration number (if any) of the conventional professional firm;
- Date on conventional professional firm was registered under the relevant law;
- At the date of the application, the conventional professional firm appears to be able to pay its debts as they become due;
- A letter of approval or letter of no objection from the relevant governing body as specified in the third column of the First Schedule of the LLP Act 2012;
- Name of proposed LLP;
- General nature of proposed business of LLP;
- Proposed registered office of LLP;
- Names and details of every person who is to be a partner of LLP;
- Names and details of compliance officers of LLP;