Domiyance Finance Consultancy LLP
The relationship of partners interse and with the LLP is determined and prescribed in a written agreement known as LLP agreement. The agreement of LLP is treated as partnership deed for the purpose of computation of stamp duty which needs to be paid to the state government for LLP agreement. The stamp duty is based on the capital of the LLP and the state where its registered office is situated. In case the partners do not have a written agreement then the relationship between the partners is governed by the schedule I of the LLP Act. The LLP is required to file the LLP agreement within 30 days of its incorporation.The LLP Agreement is the constitutional document for the LLP that defines the capital contribution and profit-sharing ratio apart from mutual rights and liabilities. We assist the LLP in making any lawful amendment to the LLP Agreement.