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Buachaill
Buachaill, Barrister
Category: Law
Satisfied Customers: 10623
Experience:  Barrister 17 years experience
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What is a statement of Compliance with regard to an LLP. I

Resolved Question:

What is a statement of Compliance with regard to an LLP. I have just incorporated an LLP and we are about to sign an agreement. Is there something separate
Submitted: 1 year ago.
Category: Law
Expert:  Buachaill replied 1 year ago.
1. Dear *****, Before filing the incorporation document, all members and designated members must sign and date the incorporation document to confirm their consent to act. The incorporation document certifies that two or more persons named on the form are associated for carrying on a lawful business with a view to profit. Part 3 of the incorporation document must be signed by a proposed member or a solicitor. Anyone signing the document which contains a statement which they know is, or believe to be, false commits an offence. This is the statement of compliance which must be filed with the incorporation documents.
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Expert:  Buachaill replied 1 year ago.
2. Dear *****, this statement of compliance is necessary because the members acting on behalf of the LLP are its agents in law. So they must agree or consent to act and then they may act on behalf of the LLP. This is necessary in order for the LLP to be properly incorporated in accordance with law.
Expert:  Buachaill replied 1 year ago.
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