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