According to the Law of the Republic of Kazakhstan “On Partnerships with Limited and Additional Liability”, a limited liability partnership must contain the name of the partnership, as well as the words “limited partnership” or the abbreviation “LLP”. Creation of a partnership with limited liability begins with the conclusion of its founders of the memorandum of association and is completed by the state registration of the partnership as a legal entity.

Memorandum of association
The memorandum of association of a limited liability partnership is signed in writing by each founder or his authorized representative and certified by a notary

Charter
The charter of a limited liability partnership is a document that defines the legal status of a partnership as a legal entity.
With the state registration of the partnership, its charter is considered as a constituent document. The charter of a limited liability partnership must contain:

1) the business name, location and address of the partnership;

2) the list of participants of the partnership (with the exception of the partnership, keeping the register of participants of the partnership which is carried out by the registrar, indicating their name, location, address, bank details (if the founder is a legal entity) or the name, place of residence and data of the identity document (if the founder is an individual);

3) information on the amount of the charter capital of the partnership;

4) the procedure for forming and competence of the bodies of the partnership;

5) conditions for reorganization and termination of the partnership;

6) the procedure for distributing the net income of the partnership in the case when the register of participants of the partnership is maintained by the registrar.

7) the procedure and terms for providing participants of the partnership and purchasers with shares of information on the activities of the partnership /

8) the rights and obligations of the members of the partnership.

Also, the charter may contain other provisions that do not contradict the legislation of the Republic of Kazakhstan.

The charter of the partnership may provide for the object and purpose of its activities.

Authorized capital

The initial amount of the authorized capital is equal to the amount of the founders’ contributions and can not be less than the amount equivalent to 100 sizes of the monthly settlement indicator as of the date of submission of documents for state registration of the partnership, with the exception of a limited liability partnership being a small business entity whose minimum authorized capital can not be less than one hundred tenge. The contribution to the charter capital of a limited liability partnership can be money, securities, things, property rights, including land use rights and the right to the results of intellectual activity and other property.