How to Change an LLP Agreement

Agreement of the Limited Liability Partnership (LLP) is its charter, similar to Memorandum of Association and Articles of Association of a company. In the agreement, nature of business activities, rights, duties, and obligations of partners are mentioned.

Changing an LLP agreement is very easy.

Step 1– A resolution needs to be passed to revise the LLP agreement.

Step 2 – Form 3 is to be filed with the Registrar within 30 days of passing the resolution.

Step 3 – File Form 4 for change in partner/ designated partner

If the change is due to change in partner(s)/ designated partner(s), Form 4 is also required to be filed along with Form 3.

In case of appointment, cessation, change in name/address/ designation of a designated partner or partner, Form 4 has to be filed.