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CSEET · Business Laws and Management · Elements of Law relating to Partnership and Limited Liability Partnership

Which of the following is NOT required by section 11(2) to be stated in the incorporation document of an LLP?

The amount of share capital to be issued to partners is not required. Section 11(2) requires the incorporation document to state the LLP's name, proposed business, registered office address, and the names and addresses of partners and designated partners, along with other prescribed information.

  1. AThe proposed business of the LLP
  2. BThe address of the registered office
  3. CThe name and address of persons who are to be designated partners on incorporation
  4. DThe amount of share capital to be issued to partnersCorrect

Explanation

Section 11(2) requires the name, proposed business, registered office address, names and addresses of the partners and designated partners, and other prescribed information. Share capital is not listed, since an LLP has no share capital requirement in this provision.

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