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    PracticeACCAACCA LW — Corporate and Business Law Practice Exam 3Question 12
    Medium2 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?

    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.
    Question 11All questionsQuestion 13

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