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Company Incorporation

PARTNERSHIP

GOVERNING LAW

Unlike corporations whose governing law is a special law - the Corporation Code of the Philippines, partnerships in the Philippines are governed by and covered under Articles 1767 to 1867 of the Civil Code of the Philippines (circa 1950). These are the provisions of law which govern all aspects of partnerships - from their creation, formation, existence, operation and management to their dissolution and liquidation, including the obligations of the partners to one another, to the public or third persons and to the government.

REGISTRATION REQUIREMENT

Partnerships are required to be registered with the Securities and Exchange Commission (SEC). Registration is done by filing the Articles of Partnership with the SEC. The Articles of Partnership set forth all the terms and conditions mutually agreed by the partners thereto.

  • Proposed Articles of Partnership;
  • Name Verification Slip;
  • Bank Certificate of Deposit;
  • Alien Certificate of Registration, Special Investors Resident Visa or proof of other types of visa (in case of foreigner);
  • Proof of Inward Remittance (in case of non-resident aliens);

It bears noting that corporations are not allowed by law to become partners in a partnership.

LIABILITY

As a general rule, the liability of partners in a partnership organization is unlimited in the sense that the partnership creditors may run after them for any and all of their assets and property in payment of the partnership debts. Should one of the partners defray all liabilities of the partnership, he is entitled to be reimbursed by the other partners for their respective shares therein.

In the case, however, of limited partnerships, the law allows the limitation of the liability of certain partners to the extent of the amount contributed to the partnership.

DISSOLUTION

Philippine law allows the dissolution of partnership for any reason, provided such dissolution does not amount to a breach of contract or is prejudicial to third parties. The death of a partner or the unauthorized transfer of ownership of his share in the partnership (in case there is a limitation to this effect) results in the dissolution thereof.

In other words, any change in the composition of the partnership, unless so allowed, will result in the dissolution thereof. Consequently, the remaining partners may form a new partnership with less or more partners.

COMPANY INCORPORATION
SEC REGISTRATION ONLY

Php20,000.00


  • SEC Registration Only

COMPANY INCORPORATION
POST SEC ONLY

Php25,000.00



  • BIR (Bureau of Internal Revenue)
  • Application for 'Authority to Print'
  • Books of Account
  • Annual Registration (0605)
  • DST Doc Stamp for Lease
  • DST Doc Stamp for Subscribed Capital

  • LGU
  • Barangay Permit
  • Mayor's Permit
  • Fire and Safety
  • Zoning Permit
  • Location Clearance
  • Insurance (CGL)
BEST SELLER
FULL
COMPANY INCORPORATION

Php35,000.00


  • SEC Registration

  • BIR (Bureau of Internal Revenue)
  • Application for 'Authority to Print'
  • Books of Account
  • Annual Registration (0605)
  • DST Doc Stamp for Lease
  • DST Doc Stamp for Subscribed Capital

  • LGU
  • Barangay Permit
  • Mayor's Permit
  • Fire and Safety
  • Zoning Permit
  • Location Clearance
  • Insurance (CGL)
HIGHLY RECOMMENDED
COMPANY INCORPORATION
+ VIRTUAL OFFICE

Php47,000.00


  • SEC Registration

  • BIR (Bureau of Internal Revenue)
  • Application for 'Authority to Print'
  • Books of Account
  • Annual Registration (0605)
  • DST Doc Stamp for Lease
  • DST Doc Stamp for Subscribed Capital

  • LGU
  • Barangay Permit
  • Mayor's Permit
  • Fire and Safety
  • Zoning Permit
  • Location Clearance
  • Insurance (CGL)

  • 12 Months of Virtual Office Basic (Business Address and Mail Handling).

TALK TO US!

Whether it is an enquiry, a suggestion, or a complaint, please don't hesitate in contacting us. We will be more than glad to hear from you and we will respond to your request as soon as we can.

If for any reason the submission form fails to work, or you do not feel comfortable using the form, please contact us using the contact details below.

KEEP IN TOUCH!

Telephone: +63 2 3224 4330

Facsimile: +63 2 3224 2001

Whatsapp: +63 917 551 1006

Email: ask@companyincorporation.com.ph

ADDRESS

Level 10-1, One Global Place, 25th Street & 5th Avenue, Bonifacio Global City, Taguig 1632 Philippines

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WHAT THEY'RE ALL SAYING

  • Philippine Company Incorporation have successfully guided our company through start-up phase in the Philippines and continues to provide valuable advice as we grow.

    Author
    Anna T.
  • A fine example of excellent service. Their team not only helped with incorporation but also with local government filings.

    Author
    Ma. Claire S.
  • I am very satisfied with their high level of service and will definitely recommend them to other foreign investors wanting to set up businesses in the Philippines as well. I hope to work with them again in the future.

    Author
    Gil John M.