ExpertMedium2 marksMultiple Choice
Syllabus D: The formation and constitution of business organisationsSection ACorporate and Business Law
ACCA · Question 12 · Syllabus D: The formation and constitution of business organisations
When incorporating a Limited Liability Partnership (LLP), an incorporation document must be submitted to the Registrar of Companies. Which of the following is NOT a mandatory requirement for this document?
When incorporating a Limited Liability Partnership (LLP), an incorporation document must be submitted to the Registrar of Companies. Which of the following is NOT a mandatory requirement for this document?
Answer options:
A.
The name of the LLP.
B.
The location of the registered office.
C.
The names and addresses of all members.
D.
A copy of the LLP agreement detailing profit-sharing arrangements.
How to approach this question
Distinguish between public registration documents and private internal agreements for an LLP.
Full Answer
D.A copy of the LLP agreement detailing profit-sharing arrangements.✓ Correct
To form an LLP, an incorporation document (Form LL IN01) must be filed, containing the name, registered office, and details of members. However, the LLP agreement, which governs the internal relationship and profit-sharing, is a private contract and is not filed at Companies House.
Common mistakes
Assuming the LLP agreement is a public document like a company's Articles of Association.
Practice the full ACCA LW — Corporate and Business Law Practice Exam 3
60 questions · hints · full answers · grading
More questions from this exam
Q01In the English legal system, which of the following accurately describes the difference between t...EasyQ02Which of the following courts is bound by the decisions of the Court of Appeal (Civil Division)?MediumQ03When interpreting statutes, which rule allows a judge to consider the original common law defect ...MediumQ04A tech startup, CloudNova, advertises a new cloud storage package on its website for £10 per year...MediumQ05In contract law, past consideration is generally not valid. However, there are exceptions. Which ...Hard