CS200811530 CERTIFICATE OF FILING OF AMENDED ARTICLES OF INCORPORATION KNOW ALL PERSONS BY THESE PRESENTS: This is to certify that the amended articles of incorporation _of the The Articles of Partnership is a document wherein the persons enter into an agreement or contract of partnership. ARTICLES OF INCORPORATION OF _____ (Name of Corporation) KNOW ALL MEN BY THESE PRESENTS: The undersigned incorporators, all of legal age and a majority of whom are residents of the Philippines, have this day voluntarily agreed to form a (stock) (non-stock) corporation under the laws of the Republic of the Philippines; AND WE HEREBY CERTIFY: This address is considered the address of the corporation until changed. ARTICLES OF INCORPORATION OF _____ (Name of Association) KNOW ALL MEN BY THESE PRESENTS: THAT THE UNDERSIGNED, whose names are stated herein and residents of the Philippines, have this day voluntarily associated ourselves for the purpose of forming a nonstock, non-profit association, under the laws of the Republic of the Philippines, particularly In the US, par value was created during the time of the great depression in order to ensure a shares could not be sold under a certain price. Definition and applicability of Title.– A close corporation, within the meaning of this Code, is one whose articles of incorporation provide that: (1) All the corporation’s issued stock of all classes, exclusive of treasury shares, shall be held of record by not more than a … You need also to buy Registration Data Sheet (RDS) and pay for other expenses upon filing of the documents like documentary stamps and folders. Kittelson & Carpo Consulting provides full business incorporation and registration services to obtain all the permits and licenses needed to legally start and do business in the Philippines. of (NAME OF CORPORATION) Know All Men By These Presents: The undersigned incorporators, all of whom are of legal age and residents of the Philippines, have on this day, voluntarily associated ourselves together for the purpose of forming a stock corporation under the laws of the Republic of the Philippines: Your articles of incorporation should state the purpose of your company and its objective, the names of the officers of the company, and how business decisions will be made. Table of contents Ways to lower the required minimum capital in the Philippines Minimum capital requirements based on industry FAQs about minimum capital in the Philippines Alternatives to incorporation The general minimum paid up capital requirement for fully foreign-owned companies in the Philippines is US$ 200,000. Visit SEC website or make a personal appearance at their office in Mandaluyong. Fees will add up to around P3,000. The specific amendment language (e.g., change in the authorized number of shares, change in the corporate name) will need to be added. Prepare the Articles of Incorporation and By-laws. Number and qualifications of incorporators Section 11. There are some items and documents that can help you make efficient articles of incorporation. The power to amend the articles of incorporation is one of the powers expressly granted by law to corporation. Business Incorporation and Registration in the Philippines. In starting and incorporating a new business in the Philippines, a foreign company faces a number of bureaucratic and legal hurdles that make the entire process both complicated and tedious.However, if armed with the right information, the company will be able to overcome these initial difficulties, and incorporate the business successfully in the Philippines. Prepare the Articles of Incorporation and By-laws. An Articles of Incorporation form is used by one or more individuals who start a business. Update the articles of incorporation as you make business changes. 8 and 9 if shares are with no par value In case the corporation is non-stock, Nos. (Modify Nos. Both individuals must be indicated in the Articles of Incorporation to replace the single stockholder if they die or become incapacitated to operate the OPC. Step 3. Post office boxes aren’t allowed to be used as addresses. It documents the formation of the business as well as the guidelines by which the business will be managed. Making articles of incorporation is not an easy task. 2. FOURTH: That the term for which said corporation is to exist if Fifty (50) years from and after the date of incorporation which is hereby extended for the another Fifty (50) years from and after April 17, 1981, the expiring date of its Corporation is to be established or located in Metro Manila, Philippines (As amended on April 12, 1988). The corporation may want to change its name or add a new purpose or change its principal place of business. The entire period for incorporation of a company in the Philippines is roughly 2-3 months because of the required documents and application forms that need to be submitted and approved. Our team of lawyers are seasoned professionals in their field ranging from … REPUBLIC OF THE PHILIPPINES SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Greenhills, City of Mandaluyong, Metro Manila COMPANY REG. THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. OF _____ MERCHANDISING, INC. Know All Men By These Presents: That we, all of whom are of legal age and residents of the Philippines, Filipinos, have on this day, voluntarily associated ourselves together for the purpose of forming a stock corporation under the laws of the Republic of the Philippines:. Submit notarized documents to SEC Office in Mandaluyong City; Claim your SEC Certificate of Registration; Processing Time: At least one (1) week upon submission of complete documents. Takes at least 3 days to complete. Section 96. Therefore, it is important to prepare well in advance and have all needed documents and information on standby. Aside from ensuring the technicalities of the document’s content, you also have to consider the way on how you will format the overall appearance of the document. Pre-processing and Review CLOSE CORPORATIONS. The group positions itself as a company that you can trust with your incorporation needs at the most competitive market rate. If you want to make your life a bit easier, you could do the verification and registration online, through the SEC-iRegister, a 24-7 portal. Form: Board Resolution Amending the Articles of Incorporation Description: This is a sample resolution to be adopted by the Board of Directors of a corporation, approving amendment of the Articles of Incorporation. Home » Articles of Incorporation KNOW ALL MEN BY THESE PRESENTS: The undersigned incorporators, all of legal age and majority of whom are residents of the Philippines, have this day voluntarily agreed to form a non-stock and non-profit association under the laws of the Republic of the Philippines. However, you must make sure that the name you provide doesn’t conflict with the name of a preexisting business that’s already registered in your state. The Corporation Code of the Philippines BP Blg.68 Title II: Incorporation and Organization Of Private Corporations Section 10. All articles of incorporation identify the name and address of an agent of the corporation, someone to whom mail can be addressed. You need to use the SEC form, you have to buy one at Forms Desk Section. Your reliable service provider in doing business in the Philippines! NO. The process also implies preparing a new set of incorporation documents, depositing the share capital as requested by the law (where applicable) and even choosing a trade name in certain cases. The next step is to draft your own Articles of Incorporation and By-Laws. If you want to make your life a bit easier, you could do the verification and registration online, through the SEC-iRegister, a 24-7 portal. 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