Change Partner Profit Ratio

Price (Excluding Gov Fee)

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Partners of LLP can change profit ratio among then either by transferring among them along with the liability to contribute to the capital or profit share right alone without changing partners contribution.

Change Partner Profit Ratio

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Change Partners Profit share Ratio


Partners in an LLP may agree among then to change present profit ratio. It may to effect change in profit ratio alone or change contribution liability alone with profit ratio.

In both case LLP need to follow procedures in the LLP agreement. Usually, with the consent of partners, LLP can change profit ratio by an amendment to LLP agreement.Since, proft right in an LLP is a transferable commodity, proper assignment/transfer document need to be executed to effect transfer of profit ratio to another partner.

Based on transfer document, LLP need to make necessary changes in the LLP agreement and file amended document with Registrar of Companies  

Procedures for Changing Profit Ratio


LLP Agreement Terms and Conditions

Before effecting transfer among the partners (profit ratio), terms and conditions of LLP agreement regarding transfer of rights among the partners and procedures taken in to consideration.

Transfer Document

In the absence of such clause, partner can transfer with the consent of all other partners by executing transfer deed.

LLP Agreement amendment

After executing transfer deed, LLP agreement need to be amended to reflect the changes and a copy of the amended LLP agreement shall be filed with ROC

Requirements


LLP Rights Transfer Deed

Subject to LLP agreement, partner transferring right to another partner shall execute transfer deed

LLP Agreement Alteration

After executing transfer deed, change LLP agreement to reflect the tarnsfer

Documents Required


The documents required for effecting transfer among the partner are present LLP agreement, executed transfer deed among the partners.

4999


About the Services
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How it works

Change Partner Profit Ratio

Rs.6050.00

Rs.9000.00

Rs.14700.00

Rs.4999.00

Rs.4999.00

Rs.4999.00

Rs.4999.00

Rs.4999.00

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