The relatio0n which subsists between persons carrying on a business in common with a view to profit
1 of 6
Which act govern ordinary partnerships
The Partnership Act 1890
2 of 6
When will a partnership be dissolved
The death or bankruptcy of a partner
Expiry of a fixed term partnership
Completion of a single joint venture
Subsequent illegality
Notice given by a partner
Order of the court
3 of 6
What must be on the incorporation document for a LLP
Name
Location
Address of the registered office
Names & addresses of the members
Names of 2 designated members who are responsible for signing notices etc
4 of 6
Does a LLP have to have a formal partnership agreement
No, but normally they will have
5 of 6
What is the maximum number of members a LLP can have
There is no maximum
6 of 6
Other cards in this set
Card 2
Front
Which act govern ordinary partnerships
Back
The Partnership Act 1890
Card 3
Front
When will a partnership be dissolved
Back
Card 4
Front
What must be on the incorporation document for a LLP
Back
Card 5
Front
Does a LLP have to have a formal partnership agreement
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