Llp- addition of partners

LLP 311 views 5 replies

I have filed Form 2 with two designated partners. Now I want to add two ordinary partners to the LLP. Can I file Form No. 4 for addition of partners before filing LLP agreement in Form 3, and then after approval of Form 4, file Form 3 with agreement including the new ordinary partners??

Replies (5)

I think you should file form 3 first for approval of original LLP Agreement, after that file form 4 for addition of partner and after approval of Form 4 again file Form 3 for approval of amended LLP agreement.

Agree with Mahesh

As told my Mahesh, Form 3 for Original  Agreement has to be filed first. Only after that, you can start procedure for addition of partners. However, in this case, Form 3 and Form 4 will be filed jointly. 

Thanks.. Will I have to file Form 3 again with modified LLP agreement??

Yes, you need to file Form 3 and Form 4 combined for modification of LLP Agreement. For modification, you can execute Supplemnet Deed / Deed of Accession or whatever named you call it.


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