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CMA Intermediate · Business Laws and Ethics · Limited Liability Partnership Act, 2008

Which of the following is NOT required by the Act to be stated in the incorporation document of an LLP?

The amount of each partner's capital contribution is not among the items the Act specifically lists for the incorporation document. The document must state the LLP's name, proposed business, registered office address, and names and addresses of the partners and designated partners on incorporation.

  1. AThe address of the registered office of the LLP
  2. BThe name and address of each person who is to be a partner on incorporation
  3. CThe proposed business of the LLP
  4. DThe amount of capital each partner will contribute to the LLPCorrect

Explanation

Section 11(2) requires the name of the LLP, its proposed business, the registered office address, names and addresses of the partners and designated partners on incorporation, and other prescribed information. The Act's list does not specifically include each partner's capital contribution. The other three options are expressly listed.

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