2 min read
•
Sep 25, 2025
Change in LLP Agreement
A Limited Liability Partnership (LLP) is a hybrid form of business entity that incorporates the advantages of both a partnership and a company. It is governed in India by the Limited Liability Partnership Act, 2008. The LLP Agreement is a crucial document that defines the mutual rights, duties, responsibilities, and obligations of partners. Over time, there may arise a need to change or amend this agreement to reflect new decisions, business growth, restructuring, or changes in partnerships.