How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Buachaill Your Own Question
Buachaill, Barrister
Category: Law
Satisfied Customers: 10976
Experience:  Barrister 17 years experience
Type Your Law Question Here...
Buachaill is online now

What is a statement of Compliance with regard to an LLP. I

This answer was rated:

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
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.
Buachaill and other Law Specialists are ready to help you
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.
3. Please Rate the Answer as unless you Rate the Answer your Expert will receive no payment for answering your Question.