Common Contracts
1 similar LLP Agreement contracts
Sample llp agreementLLP Agreement • February 13th, 2021
The LLP Agreement is written a document outlining the roles and responsibilities, rights and duties, powers, etc. of partners. In addition to its main purpose, the capital contribution and profit-sharing clauses are also part of it along with all the other relevant clauses necessary for the implementation of this LLP. What is an LLP agreement? Before we understand what constitutes an LLP agreement, let's be clear about What is an LLP. LLP is the abbreviation used for the limited liability company. It is a incorporated or registered organization under the provisions of the Limited Liability Act 2008. An S.E.N.C.R.L. may be incorporated by two or more individuals who subscribe to the incorporation document, i.e. Form 2. What is the requirement for a minimum number of partners? Each limited liability company is required to have at least 2 associates at each time. These partners can be individuals as well as any corporate organization. The requirement does not end there, as the Act stipula
