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Company & LLP Closure

Strike Off Company & LLP Services in Malaysia

Expert assistance in striking off or winding up your company & LLP in Malaysia. We make the process clear, compliant, and stress-free.
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Company & LLP Closure

Why Close a Company or LLP?

There are many reasons why business owners choose to close their companies—financial challenges, business restructuring, completed objectives, or simply a shift in focus. Regardless of the reason, it’s important to follow a proper legal process to avoid future liabilities or compliance issues.
15+
Years of Experience

Ways to Close Down Your Company or LLP

1. Strike-Off

  • Suitable for companies with no assets, liabilities, or ongoing business activities.
  • Takes approximately 6 months.
  • Requires shareholder consent and SSM approval.

2. Members’ Voluntary Liquidation (MVL)

  • Appropriate when the company has assets or liabilities to settle.
  • Involves appointing a liquidator to manage the process.
  • Complies with legal requirements to safeguard all parties involved.

3. Striking Off an LLP (Limited Liability Partnership)

  • LLPs can be struck off if they are no longer operating.
  • Requires similar conditions as private companies.

Requirements for Company and LLP Strike-Off Application in Malaysia

Pile papers on office table

To apply for a strike-off, your company or LLP must:

  • Cease all business operations.
  • Have no outstanding debts or liabilities.
  • Have no assets or bank accounts.
  • Obtain written consent from all shareholders.
  • Be free of ongoing legal proceedings.
  • Submit the application to SSM for approval.
  • Retain records for at least 7 years after dissolution.
HOW IT WORKS

Strike Off Your Company or LLP in 3 Simple Steps with Amaze Advisory

Step 1
Initial Assessment & Eligibility Check

We begin by reviewing your company’s current status to determine if it qualifies for the strike-off process. This includes checking for business activity, outstanding liabilities, and shareholder agreement.

Step 2
Documentation & Compliance Preparation

Our team will prepare and compile all required documents for the strike-off application. We’ll also assist with license cancellations, bank account closures, and final statutory filings to ensure your company is ready for dissolution.

Step 3
Submission to SSM & Monitoring

We will submit the strike-off application to the Companies Commission of Malaysia (SSM) and monitor the process on your behalf. Once approved, we’ll notify you and provide guidance on record-keeping and compliance post-dissolution.

What to Consider Before Winding Up a Company in Malaysia

  • Tax Compliance: Ensure all taxes are filed and settled with LHDN.
  • Employees: Settle any employee benefits, EPF, and SOCSO obligations.
  • Creditors: Notify and resolve outstanding payments or contracts.
  • Bank Accounts: Close all corporate accounts.
  • Legal Implications: Be aware that the company can be reinstated within 7 years by court order.
  • Record-Keeping: All books must be retained for 7 years post-dissolution.
Company & LLP Closure

Ready to Close Your Company or LLP?

Let our teams cover all requirements for closing your company or LLP with finality
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Have questions or need assistance? Our team is here to help!
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+6013-284 7678

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    Common Questions

    Frequently Asked Questions

    Explore this section for quick solutions and helpful insights!

    The process typically takes around 6 months, depending on the completeness of documentation and SSM’s approval.
    If rejected, you may need to proceed with a Members’ Voluntary Liquidation instead.
    Yes, LLPs can be struck off if they meet the required conditions of inactivity and debt-free status.
    Once legally dissolved, the company ceases to exist. However, you must retain records for 7 years, and the company can be reinstated by court within that period.
    Costs vary depending on whether you choose strike-off or liquidation. We provide upfront pricing based on your company’s situation.
    No, for a strike-off, the company must be completely inactive and free of assets/liabilities. If it has assets or debts, MVL is required.
    No, a strike-off application must be approved by the shareholders through a formal resolution.
    Strike-off is simpler and less costly, applicable to dormant, debt-free companies. MVL is a formal liquidation process used when the company has assets or liabilities.

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    Amaze Advisory is a trusted company offering comprehensive corporate solutions for SMEs and foreign businesses in Malaysia, ensuring full compliance with local regulations.

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