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Limited Liability Partnership Agreement between four partners

This agreement is made between four partners where each has a right to carry on their business independently as well as in partnership. Limited Liability Partnership Agreement means a written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership.

₹ 1275.00

1

Is LLP form available in other countries?

Ans.

Yes. The LLP structure is available in countries like United Kingdom, United States of America, various Gulf countries, Australia and Singapore.

2

Will an entity which has objectives like “charitable or other not for profit objectives”, be able to set up under LLP Act?

Ans.

No. The essential requirement for setting LLP is ‘carrying on a lawful business with a view to profit’.

3

Are provisions of Indian Partnership Act applicable to LLPs?

Ans.

No, these shall not be applicable to LLPs.

4

Can foreigners incorporate LLP?

Ans.

Yes, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate in India. But at least one designated partner should be a resident of India. However, the LLP/Partners would have to comply with all relevant Foreign Exchange Laws/ Rules/ Regulations/ Guidelines.

STEP 1

Fill in blanks:

Fill in the blank spaces. Delete instructions highlighted in grey.

 

 

 

STEP 2

Alternations: 

Add or delete a clause according to your needs. Re-check the document.

 

 

 

STEP 3

Stamp Paper

The Stamp Duty value will be made available to you at your legaljini account on purchase of the document.

 

Stamp Duty Payment option 1

If you wish to print Agreement on Stamp Paper, you can buy from court/ Stamp office and said Stamp paper will be used as 1st page of Agreement. If you wish to have 2 copies of Agreement you should buy 2 Stamp Papers (one Stamp Paper for each copy)

 

Stamp Duty Payment option 2

If you have facility of franking for Stamp Duty payment at nearest bank, you need to print the Agreement & get franking done. If you wish to have 2 copies of Agreement you should frank 2 copies (one copy for each party)

 

 

 

STEP 4

Printing on Legal Paper:

 

 

On Stamp Paper

Print ONLY on the blank portion of the stamp paper.

 

On Ledger Paper

Print on a SINGLE SIDE of a sheet of Ledger Paper.

 

 

 

STEP 5

Number of Copies Needed:

Generally it is made two copies (one copy for each party)

 

 

 

STEP 6

Photographs & Signatures/ Thumb Impression & Initials:

The concerned parties should sign, or affix their mark and recent passport size photograph against their names on the last page of the document. This document must initialed or marked by the concerned parties at the end of every page. In addition or corrections/ alterations made after printing must be initialed.

 

 

 

STEP 7

Witness Attestation (Both Parties):

This document must be attested by at least two witnesses from both sides.

 

 

 

STEP 8

Registration/ Notary

Registration or Notary is mandatory for some documents. If you need clarification you may contact our Helpline at support@legaljini.com

 

Registration Mandatory

Please contact the nearest Sub Registrar office for registration of this document.

 

 

 

You Need to Know:

The changes in the LLP Agreement must be intimated by filing (E-Form 3) with the Certified True copy of the minutes of the meeting wherein the decision to make the change was taken and The form must be certified by the authorized signatory.

 

 

 

Please contact our Helpline if you have any difficulty.