LLP Compliance · Panaji, Goa
Expert drafting of the LLP agreement and filing of its changes in Form 3 in Goa — capital and profit-sharing, rights and duties, and partner or clause amendments through supplementary agreements — so your LLP is governed by clear, current and compliant terms.
Overview
The LLP agreement is the contract that governs the LLP — the partners' rights and duties, capital contributions, profit-sharing, management and decision-making. It must be filed in Form 3 within 30 days of incorporation, and any change to it must be filed in Form 3 within 30 days of the change.
Changes are common as an LLP grows — admitting or retiring partners, altering contribution or profit-sharing, or updating clauses — each effected by a supplementary agreement and filed in Form 3, often alongside a partner-change filing (Form 4). A well-drafted agreement prevents disputes. We draft the agreement and handle every change, within your LLP compliance, comparable to a company's articles.
What's covered
A clear LLP agreement, and every change filed.
Get a fixed-fee quote →Drafting a robust initial LLP agreement (Form 3).
Setting and amending contribution and profit-sharing.
Supplementary agreement and Form 4 for partner changes.
Updating management, rights and duty clauses.
Filing the agreement and changes within 30 days.
Clear terms to prevent partner disputes.
Our process
We draft or review the LLP agreement.
We prepare the supplementary agreement.
We file the agreement or change within 30 days.
We keep the LLP's terms current.
Frequently asked questions
The LLP agreement is the contract among the partners (and between the partners and the LLP) that governs the LLP — covering capital contributions, profit-sharing, rights and duties, management, and decision-making. It is the LLP's foundational governance document, filed in Form 3.
The initial LLP agreement must be filed in Form 3 within 30 days of incorporation, and any subsequent change to it must also be filed in Form 3 within 30 days of the change. We file within these deadlines to avoid additional fees.
Changes are made by executing a supplementary agreement that records the amendment — such as a change in profit-sharing, capital, or a clause — and filing it in Form 3. Partner changes are also filed in Form 4. We prepare the supplementary agreement and make the filings.
Common changes include admitting or retiring a partner, altering capital contribution or profit-sharing ratios, changing the business activities, and updating management or decision-making clauses. Each is effected by a supplementary agreement and filed in Form 3.
A clear agreement sets out how the LLP is run and how profits, decisions and disputes are handled, preventing disagreements among partners later. A vague or missing agreement is a frequent source of conflict, which a well-drafted one avoids.
A partner change usually involves both a supplementary agreement filed in Form 3 and a partner-change filing in Form 4, since the agreement and the register of partners both need updating. We handle both filings together.
Book a free consultation and tell us your terms or the change needed. We draft the agreement or supplementary deed and file Form 3, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll draft your LLP agreement and file every change — no obligation.