Contact my partner in email@example.com for an offer on the LLP agreement. Schedule 1 individuals as first partners of the single limited partnership and any other additional persons approved under this agreement as a partner of the sole limited partnership and whose partnership has not ceased with the limited partnership under this agreement. Is this agreement valid? >>`s not safe, but why not be stamped? Are salaries and allowances paid to partners considered authorized tax expenses or did I make a mistake in my tax return? I made my own taxes. >> salaries and allowances are eligible expenses for the reporting of LLP (but not EPF/SOCSO/insurance). What remedies, if any, can I do? >> I think you can still use unreported income to “fix” it in next year`s tax return. In addition, I have to pay the same amount of wages/benefits each year to partners, even if business fluctuates, i.e. I can change the salaries paid from year to year? >> you can probably change salaries with proper documentation in the LLP agreement. 1. You can start with any percentage of partnership you like, whether it`s 50-50 or 70-30 or anything else.
2.C is possible, yes, but it is not necessarily that complicated. In your agreement, you can simply specify the percentage that is moving forward. 3. I think it`s really up to the partners to decide. But it would be very strange if someone had managed to get into a company without putting capital. That`s just my opinion. Example of tax planning – to include partners` remunerations in the social contract, otherwise partners` remunerations are not tax deductible. Good morning, Mr. Stingy, thank you for your detailed explanation of LLP. They are all very informative. Do you know if this is a must for a partnership agreement for an LLP for tax return to LHDN? As I know, the LLP biz registration certificate has only the registration date and the name of the company, but not the name and address of the partners, so what other documents would be needed to display them? is it the agreement of LLP (I haven`t yet)? I ask the question, because I was predicting that the bank agent would ask for this information when I open a bank account.
Thank you in advance. LLP partners strongly recommend that an agreement be devised while creating LLP`s business to avoid future disputes between partners. No, it is not mandatory. And unfortunately, no, I don`t have a draft agreement. Not sure how she should make an LLP deal? Find out here or email my partner at firstname.lastname@example.org; and get a discount because I expelled you: the LLP agreement packages start at RM 1,200. Good morning, Mr. Stingy! I intend to create an LLP as a designer to take small design jobs, and currently, me and my partner are both employees in a design company. In my employment contract, it is clearly established that if my employer is not authorized in writing (which I do not), I will not work directly or indirectly in another company (which, in my case, is a direct conflict of interest). Could my employer find out that I`m working on LHDN/SSM a LLP job by This? Or is there another way I could go bankrupt and cry hell to lose my stable job? The partner expressly acknowledges and accepts that, in certain circumstances, it may be necessary for the custodian not to take action or to comply with an obligation defined in this agreement, if this is excluded by a contractual agreement with the company that the custodian has entered into in the belief that such an agreement is in the best interests of the partner.