Corporate & Commercial Law Practice Questions - Uganda LDC Bar Course - Corporate And Commercial Law Exam

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Under the Partnership Act 2010 of Uganda, which of the following is true regarding a Limited Liability Partnership (LLP)?

All partners in an LLP have unlimited joint and several liability An LLP is not recognized as a separate legal entity from its partners An LLP must have at least one partner who has unlimited liability (a general partner) An LLP must be registered with the Registrar of Companies and has a separate legal personality from its partners

Correct Answer:

An LLP must be registered with the Registrar of Companies and has a separate legal personality from its partners

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