Business Setup

LLP Agreement

Why Choose Our LLP Agreement Services?

A well-drafted LLP Agreement establishes the rights, duties and responsibilities of partners in a Limited Liability Partnership. Our LLP Agreement services help document capital contributions, profit-sharing ratios, management responsibilities, decision-making powers and other important business arrangements. We assist in preparing customised agreements that reflect the mutual understanding of partners and help maintain clarity in the LLP's internal operations and governance.

Customised LLP Agreement

We help prepare an LLP Agreement based on the business structure, partner arrangements, agreed contributions and operational requirements of your LLP.

Clearly Defined Partner Rights

We assist in documenting the mutual rights, duties, responsibilities and decision-making authority of designated partners and other partners.

Contribution & Profit-Sharing Clarity

We help specify partner contributions, profit and loss sharing ratios, remuneration and other financial arrangements in the agreement.

Compliance & Documentation Support

We assist with LLP Agreement documentation and the applicable filing process with the Registrar of Companies, including relevant amendments.

Our LLP Agreement Services

LLP Agreement Drafting

Preparation of a customised LLP Agreement covering partner details, business activities, mutual rights, duties, management responsibilities and other agreed terms.

Capital Contribution & Profit Sharing

Documentation of partner capital contributions, contribution obligations, profit-sharing ratios, loss allocation and remuneration arrangements.

Partner Rights & Responsibilities

Defining partner duties, designated partner responsibilities, management powers, voting rights and decision-making procedures within the LLP.

LLP Agreement Amendment

Assistance with revising existing LLP Agreements for changes in contribution, profit-sharing ratios, partner details, management terms and other agreed conditions.

Partner Admission & Retirement Clauses

Documentation of terms relating to admission of new partners, resignation, retirement, cessation of partnership interest and settlement arrangements.

MCA Filing Assistance

Assistance with preparing and filing the applicable LLP Agreement and amendment details with the Registrar of Companies through the prescribed MCA forms.

What You Will Receive

Customised LLP Agreement Draft

An LLP Agreement draft prepared according to the LLP's business structure, partner arrangements and mutually agreed terms.

Partner Contribution & Profit-Sharing Details

Documented contribution obligations, profit and loss sharing arrangements and applicable financial terms of the partners.

Partner Rights & Duties Documentation

Clearly outlined partner responsibilities, management powers, decision-making procedures and other mutual obligations.

MCA Filing Support

Assistance with applicable filing documentation and the prescribed submission process for the LLP Agreement or its amendments.

Our LLP Agreement Process

1

Initial Consultation

Step 1

We understand your LLP's business activities, number of partners, proposed management structure and the purpose of preparing or amending the LLP Agreement.

2

Information & Document Collection

Step 2

We collect the LLP incorporation details, partner information, contribution details, registered office information and other relevant records.

3

Terms & Conditions Assessment

Step 3

We identify the agreed contribution amounts, profit-sharing ratios, partner responsibilities, management powers and other important contractual terms.

4

LLP Agreement Drafting

Step 4

We prepare the LLP Agreement with relevant clauses covering partner rights, duties, contributions, management, admission, retirement and dispute resolution.

5

Review & Finalisation

Step 5

We review the draft, incorporate mutually agreed revisions and assist in finalising the agreement for execution by the relevant parties.

6

Execution & MCA Filing Assistance

Step 6

We assist with applicable stamping and execution formalities and the prescribed MCA filing process for the LLP Agreement or its amendment.

Who Needs LLP Agreement Services?

Newly Incorporated LLPs

Newly incorporated Limited Liability Partnerships that need to document partner rights, duties, contribution arrangements and internal management terms.

Existing LLPs

Registered LLPs seeking to review, update or amend their existing agreement to reflect changes in business or partner arrangements.

Businesses Adding New Partners

LLPs planning to admit additional partners and document revised contribution, profit-sharing and management arrangements.

LLPs Changing Business Terms

LLPs making changes to partner responsibilities, capital contributions, profit-sharing ratios, remuneration or other agreed provisions.

The Limited Liability Partnership Act, 2008 governs LLPs in India. Under Section 23, mutual rights and duties of partners and the LLP are generally governed by the LLP Agreement, subject to the Act. The agreement and changes made to it are required to be filed with the Registrar in the prescribed manner. Where the agreement does not address a particular matter, the applicable provisions of the First Schedule may apply.

Documents Required for LLP Agreement

Please arrange the following documents and information, wherever applicable, to help us prepare or amend your LLP Agreement accurately.

Partner PAN Details

PAN card details of all partners and designated partners of the LLP.

Identity & Address Proof

Applicable identity and residential address proof documents of all partners, wherever required.

Contact & Personal Information

Partner names, addresses, email addresses, contact numbers and other relevant particulars.

Designated Partner Details

Details of designated partners, including relevant identification and appointment information.

LLP Incorporation Certificate

Certificate of Incorporation issued by the Registrar of Companies.

LLP Identification Number

LLPIN and other relevant registration particulars of the LLP.

Registered Office Details

Registered office address and supporting address proof of the LLP, wherever applicable.

Existing LLP Records

Existing LLP Agreement, incorporation documents and previous amendment records, if applicable.

Partner Contribution Details

Agreed contribution amount and form of contribution by each partner, including any additional contribution obligations.

Profit & Loss Sharing Ratio

Mutually agreed profit and loss sharing ratios and other financial arrangements between partners.

Roles & Responsibilities

Details of partner duties, designated partner responsibilities, management powers and decision-making arrangements.

Agreed Terms & Conditions

Details of remuneration, admission and retirement conditions, dispute resolution, confidentiality and other relevant provisions.

Frequently Asked Questions

An LLP Agreement is a written agreement between the partners of a Limited Liability Partnership, or between the LLP and its partners. It defines their mutual rights, duties, responsibilities, contribution obligations, profit-sharing arrangements and other internal operating terms.

Section 23 of the Limited Liability Partnership Act, 2008 recognises the LLP Agreement as the basis for governing mutual rights and duties between partners and the LLP. Where there is no agreement on a particular matter, the applicable provisions of the First Schedule may apply. Preparing and filing the agreement is therefore an important LLP compliance requirement.

An LLP Agreement generally includes the LLP name, business activities, registered office details, partner information, capital contributions, profit and loss sharing ratios, partner rights and duties, management responsibilities, remuneration, admission and retirement provisions and dispute resolution terms.

An LLP Agreement governs a Limited Liability Partnership under the Limited Liability Partnership Act, 2008. A traditional Partnership Deed governs a partnership firm under the Indian Partnership Act, 1932. An LLP is a separate body corporate with a legal identity distinct from its partners, whereas an ordinary partnership firm operates under a different legal framework.

The LLP Agreement and changes made to it must be filed with the Registrar in the prescribed manner under Section 23(2) of the LLP Act, 2008. The applicable filing form, timeline and fees should be checked under the current LLP Rules and MCA requirements.

Form 3 is generally used for filing an LLP Agreement and changes to the agreement with the Registrar of Companies. The filing must be completed with the applicable details, attachments and prescribed fees in accordance with the current MCA requirements.

Yes. Partners may amend the LLP Agreement in accordance with its existing provisions and applicable law. Changes relating to contributions, profit-sharing ratios, partner responsibilities or other terms should be documented and filed with the Registrar in the prescribed manner.

Yes. A new partner may be admitted in accordance with the LLP Agreement and the applicable provisions of the LLP Act. The admission, contribution arrangements and related changes should be properly documented, and the prescribed partner-related filings should be completed.

Applicable stamp duty requirements depend on the relevant state stamp law and the nature of the instrument. The LLP Agreement should be executed with the appropriate stamping formalities applicable in the relevant state.

Under Section 23(4) of the LLP Act, 2008, where the LLP Agreement does not provide for a particular matter, the relevant provisions of the First Schedule apply to determine the mutual rights and duties of the partners and the LLP for that matter.

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