License / Permit / Service Description
- Professional partnership agreement documentation and coordination support for individuals and businesses planning to operate a partnership in Malaysia. We assist with collecting partner and business information, organising proposed contributions and commercial terms, coordinating supporting documents and liaising with an appointed legal professional for the preparation or review of the agreement.Our service is suitable for new business partners, existing partnerships reviewing their arrangements, and parties considering a conventional partnership or Limited Liability Partnership, subject to the specific structure and agreed scope.Where included in the quotation, we can assist with coordinating enquiries relating to business registration, document signing and stamp duty. Legal drafting, legal advice, SSM registration, stamp duty and third-party charges are separate unless expressly stated in the quotation.
Related Departments / Regulatory Bodies
- Business partners entering into the agreement.
- Appointed advocate and solicitor or legal firm.
- Companies Commission of Malaysia (SSM), where business or LLP registration is required.
- Inland Revenue Board of Malaysia (LHDN / HASiL), where tax or stamp duty matters apply.
- Accountant or tax adviser, where applicable.
- LLP compliance officer, where the arrangement involves an LLP.
- Relevant local authority or licensing agency, depending on the business activity.
- Bank or financial institution, where applicable.
License Name ( Bahasa Malayu )
- Perjanjian antara Rakan Kongsi Perniagaan.
Application Scenarios & Business Necessity
- Two or more individuals plan to start a business together.
- Business partners wish to document their capital contributions.
- Partners need to clarify their roles and management responsibilities.
- A partnership wants to record how profits, costs and losses are allocated.
- Partners need to agree on access to the business bank account.
- An existing partnership is reviewing its internal arrangements.
- A new partner is expected to join the business.
- A partner wishes to withdraw or transfer an interest, subject to applicable requirements.
- Partners want to discuss ownership of business assets and intellectual property.
- The parties need to plan for disputes, retirement or closure of the business.
- A client wants an existing agreement reviewed by an appointed lawyer.
- Partners need assistance coordinating signatures or stamp duty enquiries.
Important Rules & Compliance Standards
- The partners and the proposed business structure should be identified accurately.
- Contributions, management responsibilities and decision-making authority should be clearly documented.
- The agreement should address how profits, costs, losses and partner withdrawals are handled.
- Partners should understand the liabilities applicable to their chosen business structure.
- An agreement between partners does not necessarily limit third-party rights or statutory liabilities.
- Signing a Partnership Agreement does not automatically register a conventional partnership, LLP or company.
- Business registration, licences, tax registration and other obligations must be assessed separately.
- For an LLP, the agreement and applicable statutory provisions should be reviewed according to the LLP structure.
- Changes in partners may require updates to the relevant registration and records.
- Legal drafting and advice should be handled by an appropriately qualified and authorised legal professional.
- Stamp duty treatment should be checked based on the contents and structure of the executed document.
- Legal fees, SSM fees, stamp duty and third-party charges are separate unless stated in the quotation.
Compound & Legal Penalties
- A dispute may arise if contributions, responsibilities or profit-sharing terms are unclear.
- A breach of the agreement may result in a civil claim or other remedies, depending on the facts and applicable law.
- Partners may face liability for partnership obligations according to the business structure and applicable law.
- Late stamping penalties may apply where the document is subject to stamp duty and is not stamped within the required period.
- Separate regulatory action may apply if a business fails to obtain a required registration or licence.
- Additional costs may arise from legal review, amendments or dispute resolution.
- Unauthorised provision of regulated legal services may result in action under applicable law.
- A disagreement between partners does not automatically result in a government compound. The consequences depend on the agreement, facts and applicable law.
Frequently Asked Question
It is an agreement that records the terms agreed between business partners concerning their partnership arrangement.
It may address contributions, responsibilities, management, decision-making, profits, losses, withdrawal of partners and termination.
No. Business or LLP registration is a separate process where required.
No. An LLP is a separate legal entity with limited liability features, while a conventional partnership has a different legal structure and liability position.
Not necessarily. The proposed allocation should be agreed and clearly documented, taking into account the applicable law and business structure.
Yes. Partners may propose different contributions, such as money, equipment or work. Their contributions and the treatment of those contributions should be clearly recorded.
Yes. The parties can address withdrawal, transfer of interests and related arrangements, subject to applicable law and the business structure.
Stamp duty treatment depends on the contents and structure of the document. The requirement, rate and deadline should be checked with LHDN or a qualified adviser.
They are separate unless expressly included in the quotation. Legal drafting and advice should be handled by an appropriately qualified and authorised legal professional.
Yes. Conzlab can assist with collecting information, organising proposed commercial terms and coordinating with an appointed legal professional within the agreed scope.
Ms Mira | Licensing Advisor
Ms. Mira, your dedicated licensing advisor, offers expert guidance on business licenses, permits, and regulatory compliance. Simplify your licensing process today!
