LLP Profit Sharing & Contribution Change
Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team
When partners agree to change how profits are shared or how much each contributes, the LLP agreement must be amended and filed. We prepare the supplementary agreement and handle the ROC filing.
Key takeaways
- Amend profit-sharing ratios and/or partner capital contribution.
- Done through a supplementary LLP agreement.
- Filed with the ROC in Form 3 (within 30 days of the change).
- Form 4 is also filed where partners are added or removed.
When this change is needed
- Partners agree to revise the profit/loss-sharing ratio.
- A partner increases or reduces their capital contribution.
- A new partner is admitted or a partner retires (with Form 4).
- Rights, duties or remuneration terms are updated.
Documents required
- Existing LLP agreement.
- Consent of all partners to the change.
- Supplementary LLP agreement recording the new terms.
- Revised contribution details and profit-sharing ratios.
- DSC of a designated partner for filing.
Process
- Partner consent — all partners agree the revised terms.
- Supplementary agreement — drafted and executed on stamp paper.
- ROC filing — Form 3 (and Form 4 for partner changes) within 30 days.
- Records updated — change reflected on the MCA record.
Keep your LLP compliant year-round with LLP return filing.