LLP Agreement & Changes — Drafted. Approved. Recorded.
The LLP agreement and every later change to it — initial drafting after incorporation, supplementary deeds, contribution and profit-share revisions, stamping and filing with the Registrar.
Book Free ConsultationThe LLP agreement is what actually governs the LLP. Where it is silent, the default provisions in the Act apply instead, and those defaults rarely match what the partners intended — equal profit sharing regardless of contribution being the one that surprises people most.
At N D Savla & Associates, we draft the agreement for LLPs in Nashik and across Maharashtra, draft supplementary deeds when terms change, and file the change with the Registrar within the period allowed.
Changes are also time-bound. A supplementary deed executed but never filed leaves the record showing terms that no longer apply, which is a problem the LLP only discovers when a bank, a buyer or a departing partner asks to see the current agreement.
Our LLP Agreement & Changes Services
Initial Agreement Drafting
Drafting of the LLP agreement following incorporation, within the period the Act allows.
Clause Structuring
Structuring of contribution, profit share, management and decision rights to the partners' intent.
Supplementary Deeds
Drafting of supplementary deeds recording any later change in the agreed terms.
Contribution Changes
Documentation of increases, reductions and changes in the form of contribution.
Profit Sharing Revision
Revision of profit and loss sharing ratios and the consequential clauses.
Exit & Admission Clauses
Terms governing admission, retirement, expulsion and settlement of a partner's account.
Stamp Duty Assessment
Assessment of stamp duty on the deed under the applicable state schedule.
Change Filing
Filing of the change with the Registrar with the deed and consequential documents.
Our LLP Agreement & Changes Process
Intent Recorded
We take the partners' commercial intent before any clause is drafted.
Draft Circulated
A draft agreement or supplementary deed is prepared and circulated for comment.
Terms Settled
Comments are resolved and the final wording is agreed between the partners.
Executed & Stamped
The deed is executed on stamp paper of the correct value and dated.
Filed with the Registrar
The change is filed within the prescribed period and acknowledged.
Why It Matters
Frequently Asked Questions
Agreement out of date with how the LLP actually runs?
Send us your current agreement and what has changed — we'll draft the supplementary deed and file it.
