LLP Form 3
Information on the LLP Agreement and Changes to It
Due: At incorporation, and again within 30 days of any change to the LLP Agreement
Form 3 is how an LLP puts its internal agreement on public record. Every LLP must file it once at incorporation, setting out how profits are shared, what each partner contributes, and how the LLP is run day to day.
Whenever the partners later change any of that — capital contribution, profit-sharing ratio, admission or exit of a partner, or any other term — the amended agreement has to be filed again on Form 3, within 30 days of the change being agreed.
When the change also involves a partner joining or leaving, Form 3 is filed together with Form 4, and the amended agreement (or a supplementary deed) is attached as supporting documentation.
Filing is done online through the MCA portal, digitally signed by a designated partner, after which the Registrar updates the LLP’s official record.