ACCA Specimen paper

Hi Mike

Thanks for the quick reply on the other question. I’m still confused as Question 33 of the specimen paper is:

“Which of the following statements relating to limited liability partnerships is correct?
They are limited to a maximum of 20 members
They must have a minimum of two members
They must have at least one unlimited member”

And the answer is “they must have a minimum of 2 members”

So I understood it as:
– a limited partnership must have one member with unlimited liability

and

– a limited liability partnership has at least 2 designated members who are responsible for filing accounts etc.

Thanks

Leah