Which of the following are the basic legal requirements for setting up an LLP?
A) register name and get business licence
B) register name, get business licence, and submit articles of incorporation
C) register name, get business licence, and submit articles of organization
D) register name, get business licence, and schedule annual meeting

Question

Quizplus · Accepted Answer

The basic legal requirements for setting up an LLP include registering the name, obtaining a business license, and submitting articles of organization. The option B includes articles of incorporation, which are used for setting up a corporation, not an LLP. The option D is incorrect because scheduling an annual meeting is not a basic legal requirement for setting up an LLP.

Which of the Following Are the Basic Legal Requirements for Setting