Limited Liability Partnership (LLP) is a unique type of company where all partners have limited liabilities. Under the LLP Act, 2008, Limited Liability Partnerships in India are required to be registered with the Registrar of Companies, and a separate LLP Agreement must be filed. This agreement is a crucial legal document that governs the operations of the LLP and ensures that each partner is protected from liability and joint liability created by the other partner’s wrong business decision or misconduct.

One of the significant advantages of an LLP is that its existence does not depend on any particular partner. Unlike a Partnership Company, where the death of a partner may cause the company to disintegrate, in an LLP, the partnership may continue to exist, even if there are changes in partners. Changes to the LLP Agreement are possible at any time after registration, as long as the partners mutually agree to the changes. Common reasons for making changes to the agreement include changes in capital, activities, responsibilities, and rights. At Legal Suvidha, we offer comprehensive services to help you file changes in your LLP Agreement, including drafting complementary agreements to change specific clauses.