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Change LLP Agreement

Change LLP Agreement

The Limited Liability Partnerships (LLPs) becomes a most preferable form of organization structure with at least two designated partners to run the entity and who get registered under the Limited Liability Partnership Act, 2008. There is no upper limit on the maximum number’s members who become the part of LLP. The LLP derives the benefits of both the partnership firm and the company which gets incorporated in one organization. Our experts at 24eFiling Change LLP Agreement Services in Hyderabad & Bengaluru

One should understand that Limited Liability Partnerships (LLPs) must have at least two designated partners to run the LLP-based business setup In order to have a designated partner in LLP, a resolution needs to be passed among the existing partners who are already part of the LLP, and the designated partner should possess a Designated Partner Identification Number or the (DPIN)(DPIN is a mandatory registration required for any person to qualify himself to be a part of the LLP’ Designated Partner).

The change of the LLP Agreement is very much possible by the designated partner, once he fills Form 3 which is pertained to the Limited Liability Partnership Agreement and its subsequent changes.

Format Of Changing LLP Agreement

To change LLP agreement, a resolution must be passed by partners of the firm. Form-3 must be filed with the Registrar within a time period of 30 days from the date of the resolution passed.

The following information should be included in Form 3:

  • Date of LLP agreement modification
  • Reason for the modification in the LLP agreement

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