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How are profits in an Indian Limited Liability company distributed?

Submitted by LegalWizin on Tue, 08/24/2021 - 03:27

In a Limited Liability Partnership, the partners are free to decide the ratio to share the profit. Hence it can be distributed in the manner as decided in the LLP agreement. The ratio or method of distribution of profit can be changed with the mutual consent by entering into a supplementary deed.