Document background
The Limited Liability Operating Agreement is a fundamental document required when establishing or restructuring a limited liability company in Malaysia. It's essential for businesses seeking to operate under Malaysian jurisdiction while maintaining clear governance structures and protecting member interests. This document becomes particularly crucial when multiple parties are involved in the business venture, as it clearly defines roles, responsibilities, and rights under Malaysian law. The agreement must comply with the Companies Act 2016 and other relevant Malaysian legislation, making it suitable for both local and foreign investors looking to establish or maintain business operations in Malaysia. It typically includes detailed provisions for company management, capital structure, profit distribution, and dispute resolution mechanisms, while allowing flexibility to accommodate specific business needs and growth plans.
