What is LLP Agreement Change?
The LLP agreement governs the rights and duties of partners. Any change in partners, contribution, profit ratio, business activity or office address must be reflected in a supplementary agreement.
The change is filed in Form 3 within 30 days, and changes in partners are also reported in Form 4.
Who Needs LLP Agreement Change?
- LLPs admitting or retiring partners
- LLPs changing contribution or profit ratio
Advantages of LLP Agreement Change
Clear terms reduce disputes between partners.
Avoid ₹100 per day late fees.
Documents Required for LLP Agreement Change
LLP
- Existing LLP agreement
- Details of changes
- Partner consent and ID proof for new partners
We share an exact checklist for your case after the consultation. Scanned copies or clear phone photos are fine.
How We Get It Done
- 1Drafting
Supplementary agreement prepared.
- 2Stamping
Agreement executed on stamp paper.
- 3Form 3 / 4
Filed with the ROC.
Frequently Asked Questions
₹100 per day of delay, with no upper limit.