Our RESOURCES

Are you tired of the high costs and complexities of running a private limited company (Sdn Bhd)? Or perhaps you’re concerned about the risks of operating as a sole proprietorship or enterprise? What if there was a business structure that offered the best of both worlds – affordability, security, and simplicity? 

Running a business is no easy feat. Many entrepreneurs struggle with: 

• High compliance costs associated with Sdn Bhd companies (e.g., mandatory audits, company secretary fees). 

• The risks of unlimited liability in sole proprietorships or partnerships. 

• Time-consuming legal and administrative tasks, such as filing annual returns and maintaining corporate records. 

• The need for specialized knowledge to navigate ever-changing regulations. 

A Limited Liability Partnership (LLP) is the perfect solution for small and medium-sized businesses. Here’s why: 

• Cost Efficiency: Lower registration fees and compliance costs compared to Sdn Bhd. 

• Security: More protection than an enterprise, as personal liability is limited to the business. 

• Ease of Management: Simplified compliance requirements compared to Sdn Bhd companies. 

• Simplicity: No mandatory audits or appointed company secretary, reducing both time and expense. 

• Flexibility: Requires at least two partners, ideal for partnerships or small businesses. 

Did you know? Recent changes in Malaysian business regulations have made LLPs even more attractive for startups and SMEs. With no audit requirements and fewer administrative burdens, LLPs are becoming the go-to choice for cost-effective and secure business structures. 

Don’t let high costs and administrative headaches hold your business back. With an LLP, you can enjoy the benefits of limited liability, lower compliance costs, and simplified management.  

“Ready to streamline your business operations with an LLP? Contact us for a free consultation and explore how you can save on compliance while securing your business!” 

Are you struggling to navigate the complexities of dividend declarations and corporate compliance? Declaring dividends involves more than just distributing profits—it requires a deep understanding of legal requirements, financial health, and strategic decision-making. For instance, did you know that a 2% dividend on RM100,000 is subject to income tax, and dividends can only be declared if the company is solvent and has accumulated earnings or current profits? Let us simplify the process for you. 

Declaring dividends is a critical aspect of corporate governance, but it comes with its own set of challenges: 

• Ensuring the company is solvent and has sufficient profits or accumulated earnings to declare dividends. 

• Managing cash flow to ensure the company has enough liquidity to distribute dividends. 

• Handling scenarios where shareholders may waive their entitlement or where dividends cannot be declared due to accumulated losses. 

• Keeping up with legal and regulatory requirements to avoid penalties or non-compliance. 

These challenges can be overwhelming, especially for businesses focused on growth and operations. 

Our expert company secretary services are designed to help you manage dividend declarations and corporate compliance seamlessly. We offer: 

• Dividend Advisory: Guidance on declaring dividends, including solvency checks, profit calculations, and tax implications. 

• Compliance Management: Ensuring all legal and regulatory requirements are met for dividend declarations. 

• Cash Flow Analysis: Assessing your company’s financial health to determine if dividends can be declared without affecting operations. 

• Strategic Support: Helping you make informed decisions about dividend policies and corporate governance. 

With our support, you can ensure compliance, optimize your dividend strategy, and focus on growing your business. 

Are you struggling to submit your LLP’s annual declaration? Overwhelmed by the fear of penalties or compounds for non-compliance? Don’t worry – we’re here to help! 

Many LLP owners face challenges such as: 

• Missed Deadlines: Forgetting to submit the annual declaration on time, leading to penalties. 

• Lack of Knowledge: Not knowing how to prepare or submit the required documents. 

• Compounds: Facing hefty fines for non-compliance, which can strain your business finances. 

• Time Constraints: Balancing business operations with compliance requirements can be overwhelming 

Annual Declaration Assistance: We take the hassle out of your hands by managing your LLP’s annual declaration process.  

• Submission Support: If you don’t know how to submit, we’ll do it for you, ensuring all deadlines are met. 

• Compound Handling: In case of a compound for non-submission, we can negotiate for discounts, manage payments on your behalf, and liaise with authorities to minimize penalties. 

• Accounting Services: Our accounting team not only assists with the annual declaration but also provides comprehensive bookkeeping to ensure all financials are in order for compliance. 

Staying compliant with LLP regulations is crucial. We keep you informed about any changes in the law that could affect your annual declarations or accounting practices, ensuring your business remains in good standing with minimal effort on your part. 

With our specialized services, you’ll never have to worry about missing an annual declaration again. We manage the process, handle any repercussions, and even provide accounting support. Don’t risk your LLP’s reputation or finances; let us take care of compliance for you. Act now to secure your business’s future. 

“Ready to ensure your LLP remains compliant without the stress? Contact us for a free consultation on how we can assist with your annual declaration and more!” 

Are you struggling to close your company because it’s no longer viable or you no longer intend to continue operations? Striking off a company involves more than just shutting down—it requires careful planning, compliance with legal requirements, and ensuring all financial and tax matters are settled. Did you know that as long as your company has no assets or liabilities and the majority of shareholders agree, you can strike off your company? Don’t worry—we’re here to help you navigate every step of the way, even if we’re not your company secretary! 

Closing a company can be a complex and stressful process, especially if you’re unfamiliar with the legal and financial requirements. Common challenges include: 

• Ensuring the company has no remaining assets or liabilities. 

• Obtaining agreement from the majority of shareholders to strike off the company. 

• Preparing and submitting accurate management accounts before closure. 

• Closing your SSM (Companies Commission of Malaysia) account and tax file with the Inland Revenue Board (LHDN). 

• Navigating the legal and regulatory requirements to avoid penalties or complications. 

These challenges can be overwhelming, especially when you’re already dealing with the emotional and financial strain of closing a business. 

Did you know that striking off a company is not just about closing your SSM account? You must also ensure your tax file is closed with LHDN to avoid future liabilities. Additionally, preparing accurate management accounts is crucial to demonstrate that your company has no remaining assets or liabilities. Our services ensure you meet all requirements, making the strike-off process smooth and hassle-free. 

Closing your business doesn’t have to be a headache. With our expertise, you can ensure that your company is struck off correctly, with all legal and tax obligations met. Don’t let the complexities of corporate compliance hold you back—let us handle the details so you can move forward with confidence. 

Are you struggling with the complexities of closing your Limited Liability Partnership (LLP)? From winding up and advertising to obtaining a tax clearance letter, the process can be overwhelming. But don’t worry—we’re here to simplify it for you! 

Closing an LLP involves several intricate steps, including: 

• Winding up the LLP and ensuring all legal requirements are met. 

• Advertising the closure in newspapers as per regulatory guidelines. 

• Obtaining a tax clearance letter from the authorities. 

• Maintaining proper records and ensuring compliance throughout the process. 

These tasks can be time-consuming and confusing, especially if you’re unfamiliar with the legal and regulatory framework. 

At L&VBiz we specialize in LLP closures and provide end-to-end support to make the process seamless. Our services include: 

• Assisting with the winding-up process and preparing necessary documentation. 

• Handling the advertisement of your LLP closure in the required newspapers. 

• Obtaining the tax clearance letter on your behalf. 

• Ensuring full compliance with all legal and regulatory requirements. 

With our expertise, you can focus on your next steps while we take care of the details. 

Closing your LLP doesn’t have to be a headache. With L&VBiz, you can ensure a smooth, compliant, and stress-free process. Don’t let the complexities of corporate compliance hold you back—let us handle the details so you can move forward with confidence. 

Are you overwhelmed by the complexities of obtaining a work permit, ESD, or other employment-related approvals in Malaysia? From applying for a business license and signboard permit to navigating JTKSM, MyFutureJobs, WRT, and securing your Employment Pass, the process can be daunting. But don’t worry—we’re here to simplify it for you! Navigating the requirements for work permits and employment-related approvals involves multiple steps, including: 

• Applying for a business license and signboard permit. 

• Registering with JTKSM (Labour Department) and MyFutureJobs. 

• Completing the Wholesale, Retail and Trading (WRT) submission. 

• Securing an Employment Pass for foreign workers. 

These tasks can be time-consuming, confusing, and prone to errors, especially if you’re unfamiliar with the regulatory framework. 

Did you know? Recent changes in employment regulations have made it even more important to ensure proper compliance when hiring foreign workers or applying for work permits. Failing to meet these requirements can lead to delays, penalties, or even rejection of your application. That’s why professional assistance is crucial to ensure a smooth and compliant process. 

Navigating the complexities of work permits, ESD, and employment-related approvals doesn’t have to be a headache. With L&VBiz, you can ensure a smooth, compliant, and stress-free process. Let us handle the details so you can focus on growing your business.