{"id":387,"date":"2026-01-09T02:17:51","date_gmt":"2026-01-09T02:17:51","guid":{"rendered":"https:\/\/upvalue.my\/demo\/shmah\/?p=387"},"modified":"2026-01-20T05:30:26","modified_gmt":"2026-01-20T05:30:26","slug":"partnership-how-much-do-you-know","status":"publish","type":"post","link":"https:\/\/upvalue.my\/demo\/shmah\/partnership-how-much-do-you-know\/","title":{"rendered":"Partnership: How much do you know?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"940\" height=\"788\" data-id=\"389\" src=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner2.png\" alt=\"\" class=\"wp-image-389\" srcset=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner2.png 940w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner2-300x251.png 300w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner2-768x644.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"940\" height=\"788\" data-id=\"390\" src=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner3.png\" alt=\"\" class=\"wp-image-390\" srcset=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner3.png 940w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner3-300x251.png 300w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner3-768x644.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"940\" height=\"788\" data-id=\"391\" src=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner4.png\" alt=\"\" class=\"wp-image-391\" srcset=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner4.png 940w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner4-300x251.png 300w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner4-768x644.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" data-id=\"393\" src=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner5.png\" alt=\"\" class=\"wp-image-393\" srcset=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner5.png 940w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner5-300x251.png 300w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner5-768x644.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" data-id=\"392\" src=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner6.png\" alt=\"\" class=\"wp-image-392\" srcset=\"https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner6.png 940w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner6-300x251.png 300w, https:\/\/upvalue.my\/demo\/shmah\/wp-content\/uploads\/2026\/01\/partner6-768x644.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n<\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Partnership: How much do you know?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1.Who is eligible to register a partnership?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/strong>&nbsp;Only Malaysian citizens or permanent residents.<br><strong>2.Who are the owners of the business?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/strong>&nbsp;At least 2 or up to 20 partners.<br><strong>3.How is the business capital allocated?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/strong>&nbsp;Contributed by the partners.<br><strong>4.Who is it suitable for?<\/strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Young entrepreneurs, those in short-term businesses, and individuals with low-risk business ventures.<br><strong>5.Who is responsible for managing the business?<\/strong>&nbsp; &nbsp; Managed jointly by the partners.<br><strong>6.Legal status:&nbsp;<\/strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Does not have separate legal status.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><br><strong>Advantages of a partnership:<\/strong><br>1.Partners contribute funds and support.<br>2.Lower tax payments (income below RM280k).<br>3.No need to pay audit and secretary fees, only require bookkeeping and tax reporting to the LHDN tax authority.<br>4.No need to pay additional fees to maintain the current registration status of the company.<br>5.No requirement to disclose financial statements to the public.<br><br><strong>Disadvantages of a partnership:<\/strong><br>1.All partners bear full responsibility.<br>2.All partners have equal decision-making power, leading to potential disagreements.<br>3.Higher tax payments may be required (income exceeding RM200k).<br>4.Limited financing options, difficulty in obtaining high-value loans.<br>5.Lower business credibility.<br><br><strong>Things to note for a partnership:<\/strong><br>Income earned is business income.&nbsp;<br>Business income must be reported using Form P.<br><br><strong>Tax filing deadlines:<\/strong><br>&#8211; Manual 30\/6&nbsp;<br>&#8211; E-filling 15\/7&nbsp;<em>Tax computation based on individual tax rates ranging from 0% to 30%.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partnership: How much do you know? 1.Who is eligible to register a partnership?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;Only Malaysian citizens or permanent residents.2.Who are the owners of the business?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;At least 2 or up to 20 partners.3.How is the business capital allocated?&nbsp; &nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[15,19],"tags":[],"class_list":["post-387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-knowledge","category-view-all"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Partnership: How much do you know? - Accountancy Firm Johor Bahru (JB), Corporate Secretarial Adda Heights, Payroll Outsourcing Malaysia ~ SH MAH &amp; 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