Partnership Companies in Malaysia

A partnership is a business arrangement in which two or more people agree to share the profits and losses of a company. Partnerships are relatively easy and inexpensive to form, and they offer the flexibility to structure the business in a way that best suits the needs of the partners.

There are two types of partnerships in Malaysia: general partnerships and limited partnerships. General partnerships are the most common type of partnership, and they are relatively easy to form. In a general partnership, all of the partners are equally liable for the debts and obligations of the business.

Limited partnerships are slightly more complex, and they offer some protection to the partners from liability. In a limited partnership, there are two types of partners: general partners and limited partners. The general partners are liable for the debts and obligations of the business, just like in a general partnership. The limited partners, however, are only liable up to the amount of money that they have invested in the business.

If you are thinking about forming a partnership, it is important to consult with an experienced business attorney to ensure that the partnership is properly structured and that all of the necessary legal agreements are in place.