Law · Limited Liability Partnerships Act 2000
Under the Limited Liability Partnerships Act 2000, which of the following requirements must be met to legitimately form an LLP? (1) Two or more persons associated for carrying on a lawful business with a view to profit must subscribe their names to an incorporation document. (2) The incorporation document must state the name of the LLP, ending with 'Limited Liability Partnership' or 'LLP'.
- 1Both 1 and 2✓
- 2Neither 1 nor 2
- 32 only
- 41 only
Correct answer
Both 1 and 2
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