Event

Event

 

Legal Professions on Limited Liability Partnership (LLP) -Complications and Implications

30 Mar 2019 - Sat / 1 day / 10:00am - 1:00pm / Selangor Bar Committee Auditorium, No.37, 39 & 41, Jalan Bola Jaring 13/15, Section 13, Shah Alam, 40100, Selangor

The Legal Profession Bill 2019 allows the legal profession to set up LLP in carrying on the business to meet the global advancement and economic divergence. On one hand, LLP offers tremendous business expansion with the separate legal entity of the partners but on another hand it entails many complications on its applications.

This is the first of its kind workshop to completely analyze Part VI of the LLP law within the Legal Profession Bill 2019 highlighting the implications and its complications. The core emergence of LLP Act 2012 with the LLP aspects of the Legal Profession Bill 2019 will be completely discussed.

Organisers: Selangor Bar

CPD Points: 3
Circular No: N/A
Event Code:
T3/30032019/SLB/SLB192124/3

Description

The Legal Profession Bill 2019 allows the legal profession to set up LLP in carrying on the business to meet the global advancement and economic divergence. On one hand, LLP offers tremendous business expansion with the separate legal entity of the partners but on another hand it entails many complications on its applications.

This is the first of its kind workshop to completely analyze Part VI of the LLP law within the Legal Profession Bill 2019 highlighting the implications and its complications. The core emergence of LLP Act 2012 with the LLP aspects of the Legal Profession Bill 2019 will be completely discussed.

The course content would be:

  • The distinction between legal profession on sole proprietor, partnership and LLP;
  • Incorporation of LLP;
  • Conversion from conventional partnership to LLP – the noting points;
  • LLP agreement and its implications on LLP;
  • The taxation aspects of LLP and its partners under the LLP Act 2012;
  • Admission of partners and retirement of partners –legal implications and tax complications; and,
  • Winding up of LLP – the tax noting points

Speaker

Dr Choong Kwai Fatt, is a tax specialist and tax advocate in Malaysia. He practices law under the firm, Kwai Fatt & Associates, which specialises in income tax, Sales and Service Tax (SST) appeals and provides consultancy and support in income tax matters, particularly on transfer pricing, tax audit and investigation, and matters relating to trust and wills. Dr Choong was an associate professor with the University of Malaya for 19 years. Over the years, he has published a total of 103 books on Malaysian taxation, including 3 books on the Sales and Services Tax (SST), 15 Goods and Services Tax (GST) and 7 books on the Companies Act 2016. His research has been widely quoted in tax cases before the High Courts and by the Special Commissioners of Income Tax.

Terms and Conditions

Please contact the organiser for further Terms and Conditions.

Selangor Bar Committee
No. 37,39 & 41, Jalan Bola Jaring 13/15,
Seksyen 13, 40100
Shah Alam, Selangor
Tel: +603 5519 6219
Fax: +603 55199037

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