Business Studies · Limited Liability Partnership
What is a distinct characteristic of a Limited Liability Partnership (LLP) regarding the capital contribution required for its formation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It dictates that all partners must contribute strictly equal capital amounts during registration.
- 2It does not impose any statutory minimum capital requirement, allowing partners to contribute varying amounts.✓
- 3It requires a statutory minimum capital equivalent to that of a public limited company.
- 4It mandates a fixed minimum capital contribution exclusively from designated partners.
Correct answer
It does not impose any statutory minimum capital requirement, allowing partners to contribute varying amounts.
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