The Classic Partners LLP
LLP Agreement & Changes
Drafting of LLP agreements and filing of changes through Form 3 — the document that governs how your LLP runs, including rights, duties, profit sharing, and decision-making. We prepare it well and keep it updated as your LLP evolves.
Draft or Update Your LLP AgreementWhat is an LLP Agreement?
The LLP agreement is the charter that governs the mutual rights and duties of the partners and the working of the LLP — covering capital contributions, profit-sharing ratios, management, decision-making, admission and exit of partners, and dispute resolution. It is filed with the Ministry of Corporate Affairs in Form 3 after incorporation.
Whenever the LLP agreement changes — a new partner, revised profit sharing, a change of name or office, or any amended term — the change must be recorded in a supplementary agreement and filed in Form 3. Agreement changes often go hand in hand with partner changes and other event-based filings.
Who Needs LLP Agreement Support?
- Newly incorporated LLPs filing their initial LLP agreement.
- LLPs admitting a partner or revising profit-sharing ratios.
- LLPs changing their name, office, or business activities.
- LLPs amending management or decision-making terms.
- LLPs formalising changes through a supplementary agreement.
Our LLP Agreement and Changes Services
LLP Agreement Drafting
Drafting a clear, comprehensive LLP agreement for your LLP.
Supplementary Agreements
Drafting supplementary agreements for any change in terms.
Form 3 Filing
Filing the LLP agreement and changes in Form 3 with the MCA.
Profit-Sharing and Capital
Recording revised profit sharing and capital contributions.
Clause Advisory
Advising on management, exit, and dispute-resolution clauses.
Change Coordination
Aligning agreement changes with related event filings.
Documents Required for LLP Agreement Changes
- Existing LLP agreement and incorporation documents.
- Details of the proposed change or amendment.
- Consent of partners to the revised terms.
- Supplementary agreement reflecting the change.
- Digital Signature Certificate of a designated partner.
- Supporting documents for the specific change.
Why Choose The Classic Partners
- Well-drafted agreements that reduce future disputes between partners.
- Changes captured in supplementary agreements and filed in Form 3, alongside any partner change.
- Clear advice on profit sharing, management, and exit clauses.
- Transparent fees and a dedicated point of contact, delivered by professionals in Mumbai serving clients across India.
Related Services
- Notice for Partner Change — Form 4 for admission, exit, or change of partners.
- Appointment of Partner — Admit a partner or designated partner in your LLP.
- LLP Compliance Overview — A complete view of annual and event-based LLP compliance.
Frequently Asked Questions
What is an LLP agreement?
An LLP agreement is the document that governs the mutual rights and duties of the partners and the working of the LLP, covering contributions, profit sharing, management, and the admission and exit of partners.
In which form is the LLP agreement filed?
The LLP agreement and any changes to it are filed with the Ministry of Corporate Affairs in Form 3.
When does an LLP agreement need to be changed?
The agreement should be changed whenever its terms are amended, such as on admission of a partner, a change in profit sharing, or a change of name or office.
What is a supplementary LLP agreement?
A supplementary LLP agreement is a document that records changes to the original LLP agreement and is filed in Form 3 to update the LLP's terms.
Within how long must a change in the agreement be filed?
A change in the LLP agreement is generally required to be filed in Form 3 within thirty days of the change.
Can you draft and update LLP agreements across India?
Yes. We draft LLP agreements and file changes for clients in multiple states and coordinate the documentation remotely.
Need help with LLP Agreement and Changes?
Get accurate, compliant LLP Agreement and Changes support from experienced Chartered Accountants.
Contact Us
