Contribution and Profit Sharing
Contribution is the LLP's only size metric, it sets the small LLP test, the audit trigger, the certification triggers and the fee on every form you will ever file for the client, so treat a change in it as a substantive event, not a book entry.
- 4 pages
- 75
- Word and PDF
- 12 September 2026
The 2 formats inside
- 1Resolution of partners, increase in contribution and consequential change in profit sharings.32, s.33; Form 3 + Form 4 linkedOn its own₹149
- 2Supplementary deed recording revised contribution and profit-sharing ratios.23(2), s.32; Form 3 + Form 4On its own₹149
Read the opening
The first part of “Resolution of partners, increase in contribution and consequential change in profit sharing”, as it downloads. Blanks are highlighted.
Extract from the record of the decisions of the partners of [LLP's name] LLP dated [Date of the partners' decision]
INCREASE IN THE TOTAL CONTRIBUTION OF THE LLP AND CONSEQUENTIAL AMENDMENT OF THE LLP AGREEMENT
The partners considered the working capital requirement of the LLP and the proposal that the total contribution be increased from Rs [Total contribution of the LLP before the increase (Rs)] to Rs [Total contribution of the LLP after the increase (Rs)]. [Where any part is in kind: The valuation report dated [DD.MM.YYYY] issued by [Valuer's name], [a chartered accountant in practice, M. No. ____ / a cost accountant in practice, M. No. ____ / a valuer approved by the Central Government, Registration No. ____], valuing the [describe the asset] proposed to be contributed by [Name of the partner contributing the asset] at Rs [Value of the asset contributed in kind (Rs)], was placed before the partners and taken on record as required by Rule 23 of the Limited Liability Partnership Rules, 2009.]