Republic
of the Philippines )
City of (Place) )
S.S.
ARTICLES OF PARTNERSHIP
OF
(NAME OF PARTNERSHIP)
KNOW ALL MEN
BY THESE PRESENTS:
That we,
the undersigned partners,
all of
legal age, residents and
citizens of the
Philippines, have on this day voluntarily
associated ourselves together for the purpose of forming a general partnership
under the following terms and conditions and subject to existing and applicable
laws of the Republic of the Philippines:
AND WE HEREBY CERTIFY:
ARTICLE
I. Partnership Name: That the
name of this
partnership shall be (NAME
OF PARTNERSHIP)
and shall transact business under the said company
name.
ARTICLE
II. Business Purpose: That the purpose/s for which this
partnership is formed is/are:
1.
(Purpose)
2.
(Purpose)
3.
(Etc.)
ARTICLE
III. Principal Place of Business: That the principal place of
business of this partnership shall be located at : (Complete Address of Principal Office of the Partnership)
ARTICLE
IV. Term of Existence: That this partnership shall have a
term of (Number of Years) years from
and after the original recording of its Articles of Partnership by the
Securities and Exchange Commission.
ARTICLE V. Partners’ Circumstances: That
the names, nationalities and complete residence addresses of the partners are
as follows:
Name Nationality Complete Address
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the amount of (Amount in Words) (PhP Amount in Figures),
Philippine Currency, contributed in cash by the partners, as follows:
Name Amount Contributed
That no transfer of interest which
will reduce the ownership of Filipino citizens to less than the required
percentage of capital as provided by existing laws shall be allowed or
permitted to be recorded in the proper books of the partnership.
ARTICLE VII. Sharing Ratios:
That the
profits and losses of this partnership shall be divided and distributed
proportionately on the ratio of the capital contribution of each partner.
ARTICLE IX. Management:
That this
partnership shall be under (Name of
Managing Partner) as General Manager, who shall be in charge of the
management of the affairs of the company.
He shall have the power to use the partnership name and in otherwise
performing such acts as are necessary and expedient in the management of the
firm and to carry out its lawful purposes.
ARTICLE X. Undertaking to Change
Name: That the partners undertake to change the name of
this partnership, as herein provided or as amended thereafter, immediately upon
receipt of notice or directive from the Securities and Exchange Commission that
another corporation, partnership or person has acquired a prior right to the
use of that name or that the name has been declared as misleading, deceptive,
confusingly similar to a registered name, or contrary to public morals, good
customs or public policy.
IN WITNESS, WHEREOF, the
parties have set their hands on this (Date)
at (Place), Philippines.
(NAME OF PARTNER) (NAME OF PARTNER)
TIN
TIN
(NAME OF PARTNER) (NAME OF PARTNER)
TIN
TIN
ACKNOWLEDGMENT
Before me a Notary Public for and in
the City of (Place), this (Date), personally appeared the
following:
Name TIN/ID/Passport No. Date & Place Issued
known to me to and to me known to be the same
persons who executed the foregoing Articles of Partnership, who acknowledged to
me that the same is their true and voluntary act and deed.
WITNESS MY HAND AND SEAL on the date
and place first above written.
Doc.
No. _____;
Page No. _____;
Book No. _____;
Series of _____.
