Send an Enquiry
X
Enquiry Form
Call us now
X
Call Us Now
9136664394
9136664395
7304244849
Call Us
Buy Now
Whatsapp
X
Call Us Now
9136664394
9136664395
7304244849

Change in Profit and Loss Ratio of Partners

Change in Profit and Loss Ratio of Partners

The Limited Liability Partnership (LLP) Agreement is the charter of the LLP, similar to the Memorandum of Association and Articles of Association for a private limited company. It defines the scope and extent of the LLP's operations as well as the rights, duties, obligations of the partners. Altering the agreement is straightforward. All you need to do is pass a resolution approving the revision in the LLP Agreement.

Google Review Rating
4.9/5
Market Price
₹ 5000/-
Instabizfilings Price
₹ 2546 excl. GST
₹ 3004 incl. GST
Complete Date
20-02-2026

You Save INR 2100/- (50%) on the above Service.

ROC Fees/Government Fees will be charged at actuals

Late fees if any will be beared by the Client/Customer.

Offers and Discount
No Cost EMI available available over Rs 3,000
10% Discount on your first purchase
18% GST Credit available
Get Started

Scope of Work:

  • Preparation of Supplementary LLP Agreement;
  • Preparation of documents for attachment in e-forms;
  • Preparation of e-forms;
  • Arranging for Certification of e-forms;
  • Resubmission of e-forms, if any.

FAQs

It means altering the percentage in which partners share the profits and losses of a partnership firm. This change can happen when partners mutually agree to revise their sharing ratio due to changes in roles, capital contribution, or business strategy. The new ratio must be recorded in the Partnership Deed.

Partners can change the ratio:

  • When a partner increases or reduces capital contribution
  • When responsibilities or roles change
  • When a partner retires or a new partner is admitted
  • By mutual agreement of all partners
  • The change must be documented legally to avoid future disputes.

Yes. The Partnership Deed must be amended to reflect the new profit and loss sharing ratio. Without updating the deed, the old ratio remains legally valid, which can lead to accounting and legal issues.

  • For a traditional Partnership Firm, filing with the Registrar of Firms (ROF) may be required depending on state laws.
  • For an LLP, the change must be updated in the LLP Agreement and filed with MCA using Form 3 within 30 days.
    Non-compliance may attract penalties.

Common documents include:

  • Consent of all partners
  • Revised Partnership Deed / Supplementary LLP Agreement
  • Identity and address proof of partners
  • Capital contribution details (if changed)
  • Board/Partner Resolution (for LLP)

These documents ensure the change is legally valid and properly recorded.

Popular Searches

RBI Companies Act Director LLP Act MSME SEBI ESOP Auditor Board Meeting Shares GST Income Tax Trademark FEMA Meeting Articles One Person Company ROC Filings Annual Filings Private Limited Company MCA Amazon DIN Director Identification Number Director KYC DIR-3 KYC Digital Signature Certificate Taxation Compliance Related Party Pvt Ltd company registration online Pvt Ltd company registration MSME registration Private limited registration online Public limited company Llp-act In india Register Amazon seller Patent Infringement Copyright Partnership Firm Limited Liability Partnership Sole Proprietorship Virtual Corporate Tax LLP Agreement HSN Code Due Diligence Individuals Bookkeeping EPFO RConnect Certificate NIL Return Filing Yojana RTPS Provident Fund CIN Certifying Authority Records of Rights Card Status CA Individual GSTR Foreigner Foreign National Organization Section 80C ITR Filing Agreement Filing Form Proprietorship Company Registration Startup Shareholder Annual Return Filing Incorporation DPT-3 Annual Compliance Protection Registration TDS Return Advance Tax Secretarial Audit Assurance Company Formation Checklist Disqualification Demat IMPS Section 8 Company Annual Return PAS-6 GSTIN Input Tax Credit Scheme NGO Intellectual Property Accounting Employee Stock Passport CSR Change License Indirect Tax Legal Clearance EMI Calculators Return Filing Renewal FSSAI Amendment Company Share Authorized Capital ITR Filing Objection Union Budget Dearness Allowance Registrations Form AI Business Aadhar Dormant Law Accountant Design Management Section 80 NetBanking Letter Link Intime App Traces Tax E-Auction Loan Bank Rights UAN Net Banking ICEGATE ESIC CSC Public Service NPCI Portal Stock Market ROC Filing Digital Signature AGM Format Updates Strike-off Brand Name Stock Exchange Penalties Complaint

Related Services

Annual Return of LLP

relative service

Appointment of Partner

relative service

Resignation of Partner

relative service
shape dot

Loved by founders all over the world

Instabiz Filings (Former abiZa) professionals are well behaved, responsive and provide accurate and fast services.

BS

Bhisham Singh

Director
PharmaWise Solutions Private Limited

I recently came across abiZa Consultancy and am sincerely pleased with their service levels. They have been able to infuse confidence in me by managing my accounting and compliance needs virtually without the need to physically meet up and clarify. Very proactive in nature, they ensure your submissions are ready well in advance of the due dates. Highly recommend them!

GN

Gladys Narula

Partner
Execore Spectrum LLP

The team at Instabizfilings has been very professional and competent in addressing and providing tax services and advise on tax compliance. The online system at abiZa is very efficient and the process is well streamlined. In addition, you can even connect with experts on phone calls making it very helpful.

SS

Shantam Shukla

IIM Alumni
allyspaces

Outstanding consultants and service providers. Professionally managed with proactive approach and provides prompt service at affordable rates.

NP

Nidhi Parekh

Proprietor
Labdhi Enterprises