Which of the following is CORRECT in relation to a Limited Liability Partnership (“LLP”)?


Which of the following is CORRECT in relation to a Limited Liability Partnership (“LLP”)?

(i) An LLP is formed by registration with the Registrar of Companies

(ii) Unlike the articles of a company the internal rules of an LLP are not available for public inspection

(iii) An LLP is liable to pay corporation tax on its profits
A . (i) only
B . (i) and (ii) only
C . (ii) and (iii) only
D . (i), (ii) and (iii)

Answer: B

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