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A LLP Agreement is an agreement in writing between the designated partners of the LLP. It outlines the rights and duties of all the designated partners toward each other as well toward the LLP. The purpose of a LLP Agreement is to provide clear understanding of the roles of each partner, which ensures smooth running of the operations of the LLP.
It is mandatory to execute the LLP Agreement among the designated partners of the LLP and Such agreement must be filed by the LLP with the Registrar of Companies within 30 days of the incorporation of LLP or any changes made therein. Such agreement must be printed on stamp paper. It is to be notarised and signed by all partners. Once LLP Agreement is signed and filed, it is legally binding on all the partners of the LLP.
ComplianceIndia can help obtain draft format of LLP Agreement quickly and hassle-free.
How to proceed?
We will provide the LLP Agreement format on request which can be used by the Partners to prepare and finalise LLP Agreement defining the functioning of LLP, rights and responsibilities of all the partners of the LLP. Such Agreement must contain LLP Name, Nature of Business, Duration, Profit/Loss sharing ratio, Salary/ Commission, Capital Contribution ratio, Rights and Duties of each Designated Partners, Admission and Removal of Partners, Arbitration clause, etc.
Let us provide a draft personalized and customized copy of LLP Agreement to you based on your needs.