LLP Agreement

An LLP Agreement is a legal document that outlines the roles, responsibilities, and rights of members in a Limited Liability Partnership (LLP). It specifies how the business is run, how profits are shared, decision-making processes, and procedures for adding or removing members. This agreement helps prevent disputes by clearly defining expectations and operational rules. It’s a crucial document for ensuring transparency, protecting members' interests, and providing a framework for resolving disagreements within the LLP.