Change in LLP Agreements

INR 4,999 /- (All Inclusive)

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Change in LLP Agreements

A LLP agreement refers to a detailed document that delineates the scope and extent of LLP operations such as relation between LLP partners, duties and responsibilities of LLP partners, and administration of LLP etc. There might be various cases that could lead to the change in the LLP agreement in order to meet the business needs, such as:

  • Change in the management structure of the LLP
  • Decision making process 
  • Profit ratio or contribution etc.

The following are the situations where LLP needs to modify the LLP Agreement:

  • Change of LLP Name
  • Change in management rights
  • Change in economic rights
  • Delegation of management rights of an LLP from partners to a manager
  • Addition of new activities in the LLP subject to incorporation documents
  • Tax planning
  • Deciding on remuneration for working partners by LLP agreement

Procedures for modification of LLP Agreement

  • The changes in the LLP Agreement must be intimated by filing (E-Form 3) with the following documents :
  • Certified True copy of the minutes of the meeting wherein the decision to make the change was taken.
  • The form must be certified by the authorized signatory.
  • The Form must be filed within a period of 30 days from the date of the change.
  • The Registrar will take on record, necessary changes made in the LLP Agreement.

We provide full-fledged support in regard to the amendment of LLP agreement. Our services include:

  1. Free Consultancy in relation to amendment
  2. Confirm the LLP Agreement to understand how to process amendment.
  3. Draft necessary documents to make changes in LLP Agreement
  4. Filing the changes with Registrar of Companies
  5. Approval

Fees for Change in LLP Agreements

 

Change in LLP Agreements

Within 5-10 Days

INR 4,999 /-

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Frequently Asked Questions

 

Is LLP Agreement mandatory for all LLPs?

Not necessarily. LLP agreement is not mandatory for all LLPs. However, certain requirements will automatically apply in the absence of an LLP agreement.

What conditions could lead to the change in LLP Agreement?

Following situations could lead to the change in LLP Agreement:

  • Change in the management structure of the LLP
  •  Decision making process
  • Profit ratio or contribution etc.

What is the procedure to alter the LLP Agreement?

The proposed changes in the LLP Agreement must be intimated by filing (E-Form 3) alongwith following documents:

  • Certified True copy of the minutes of the meeting wherein the decision to make the change was taken.
  • The form must be certified by the authorized signatory.
  • The Form must be filed within a period of 30 days from the date of the change.
  • The Registrar will take on record, necessary changes made in the LLP Agreement.

What is the free for bringing change in LLP Agreement?

At Trademark Bazaar, we charge INR 4,999/- for this service.

How many partners are required to change an LLP Agreement?

As per law, there must be a minimum of 2 partners to execute a LLP agreement. However, in case of more partners, it is advised to incorporate the company with 2 partners and add more partners post incorporation.

 

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