OF
_________________________________________________________
(Partnership Name)
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 limited 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 _________________________________________
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:
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
ARTICLE III. Principal Place of Business: That the principal place of business of this partnership shall be located at
_______________________________________________________________________________________________________________________________
(complete address)
ARTICLE IV. Term of Existence: That this partnership shall have a term of _________ 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 Residence Address
______________________________________
______________________________________
______________________________________
______________________________________
Kind of Partner
________________
________________
________________
________________
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the amount of ____________ (P_________), 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.(Limited partner shall be liable for losses only to the extent of his/her contribution.)
ARTICLE VIII. Management: That this partnership shall be under __________, 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.(Only the General Partner can be the General Manager.)
ARTICLE IX. 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, we have hereunto affixed our signatures this ____ day of ______, 20___, at ________.
_______________________________________________________
(name of partner)
TIN
_______________________________________________________
(name of partner)
TIN
_______________________________________________________
(name of partner)
TIN
_______________________________________________________
(name of partner)
TIN
(Names and Signatures of the partners and TIN)
SUBSCRIBED AND SWORN TO before me in______________,Philippines on ______________, affiants personally appeared before me and exhibited their competent evidence of identity indicated after their respective names, as follows:
Name
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
TIN/ID/Passport No.
___________________________
___________________________
___________________________
___________________________
Date/Place Issued
___________________________
___________________________
___________________________
___________________________
NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ______;
Series of 20____.