LLP Agreement: Format, Key Clauses, Stamp Duty & Free Template
What an LLP Agreement is, the clauses it must contain, how stamp duty works — plus a ready format you can download and a CA who'll draft a custom one for you.
What is an LLP Agreement?
An LLP Agreement is the written contract between the partners (and between the partners and the LLP) that sets out their mutual rights, duties, capital contribution and profit-sharing. It's executed under Section 23 of the LLP Act, 2008, on stamp paper, and filed with the MCA in Form 3 within 30 days of incorporation.
Download the LLP agreement formats
Two ready-to-edit Word documents drafted by a practising CA firm. Fill the highlighted fields, print on your state’s stamp paper, sign, and file in Form 3.
LLP Agreement
The main deed for a new LLP — parties, contribution, profit-sharing, partner rights & duties, meetings, disputes and winding-up. File within 30 days of incorporation.
Download (.docx)Supplementary LLP Agreement
For changing an existing LLP — new business activity, contribution, profit ratio, partner admission/retirement, or name/address. File within 30 days of the change.
Download (.docx)Free, no sign-up. Samples only — not legal advice. Want it drafted, stamped and filed for you? Message us on WhatsApp.
The clauses your LLP Agreement must cover
A complete agreement should address each of these.
Name & registered office
The LLP's name and registered address.
Business activities
The scope of business the LLP will carry on.
Capital contribution
Each partner's contribution — cash, assets or services.
Profit & loss sharing
The ratio in which profits and losses are shared.
Rights & duties of partners
What each partner can do and is responsible for.
Designated partners
Who they are and their compliance responsibilities.
Remuneration & interest
Partner salary and interest on capital, within limits.
Admission, retirement & expulsion
How partners join or leave the LLP.
Decision-making & banking
How decisions are made and accounts operated.
Dispute resolution & dissolution
Arbitration, amendment and winding-up terms.
Stamp duty on the LLP Agreement
The LLP Agreement must be executed on non-judicial stamp paper, and the stamp duty is not a fixed national rate — it depends on two things:
- Your state — each state sets its own stamp duty, ranging from a token amount to several thousand rupees.
- Your capital contribution — in many states the duty scales with the amount of contribution.
Because it varies, we confirm the exact stamp duty for your state and contribution before drafting. You can also see it folded into your total on the LLP registration cost calculator.
Check exact LLP Agreement Stamp Duty here LLP Agreement Stamp Duty.
Get a CA-drafted LLP Agreement
We'll draft an agreement tailored to your partners and business, stamp it correctly for your state, and file it in Form 3 on time — as part of your LLP registration.
Related: Registration process · Documents required · Registration cost