article of partnership and corporation in the philippines?

can you help me guys to find :

-article of partnership under SEC (partnership here in Philippines)

-article of corporation under SEC ( corporation here in Philippines)

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  • 7 years ago
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    A. Articles of Partnership:

    1. The Articles of Partnership define the obligations, responsibilities and roles of each partner and how the profits and losses will be shared and states who the general and limited partners are. Unless otherwise stated a general partner may act on behalf of the partnership without any limitations. By law a limited partner is not allowed to participate actively in the management of the partnership or control of the business operations.

    2. For details, please read:

    http://www.bcphilippineslawyers.com/philippines-pa...

    B. INCORPORATION AND ORGANIZATION OF PRIVATE CORPORATIONS:

    1. Sec. 10. Number and qualifications of incorporators. – Any number of natural persons not less than five (5) but not more than fifteen (15), all of legal age and a majority of whom are residents of the Philippines, may form a private corporation for any lawful purpose or purposes. Each of the incorporators of s stock corporation must own or be a subscriber to at least one (1) share of the capital stock of the corporation.

    2. Sec. 11. Corporate term. – A corporation shall exist for a period not exceeding fifty (50) years from the date of incorporation unless sooner dissolved or unless said period is extended.

    3. Sec. 12. Minimum capital stock required of stock corporations. – Stock corporations incorporated under this Code shall not be required to have any minimum authorized capital stock except as otherwise specifically provided for by special law, and subject to the provisions of the following section.

    4. Sec. 13. Amount of capital stock to be subscribed and paid for the purposes of incorporation. – At least twenty-five percent (25%) of the authorized capital stock as stated in the articles of incorporation must be subscribed at the time of incorporation, and at least twenty-five (25%) per cent of the total subscription must be paid upon subscription, the balance to be payable on a date or dates fixed in the contract of subscription without need of call, or in the absence of a fixed date or dates, upon call for payment by the board of directors: Provided, however, That in no case shall the paid-up capital be less than five Thousand (P5,000.00) pesos.

    5. For details, please read:

    http://www.bcphilippineslawyers.com/the-corporatio...

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    Source(s): As Above . .
  • Anonymous
    5 years ago

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    RE:

    article of partnership and corporation in the philippines?

    can you help me guys to find :

    -article of partnership under SEC (partnership here in Philippines)

    -article of corporation under SEC ( corporation here in Philippines)

    Source(s): article partnership corporation philippines: https://biturl.im/tGAqo
  • 5 years ago

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