There are some items and documents that can help you make efficient articles of incorporation. 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. 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. 7. Section 96. 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 Visit SEC website or make a personal appearance at their office in Mandaluyong. You need also to buy Registration Data Sheet (RDS) and pay for other expenses upon filing of the documents like documentary stamps and folders. 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. 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. Step 3. All articles of incorporation identify the name and address of an agent of the corporation, someone to whom mail can be addressed. Complete and sign all required documents: Articles of Incorporation, By-Laws, Treasurer’s Affidavit, Joint Affidavit of Two Incorporators. Corporation is to be established or located in Metro Manila, Philippines (As amended on April 12, 1988). Post office boxes aren’t allowed to be used as addresses. Many states require businesses to include information such as the number of shares the company can issue, as well as the legal name and address of the business, in its articles of incorporation. After paying the reservation fee, you will get a Name Verification Slip, which is submitted together with the other requirements. 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. 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 … THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. There are many reasons why a corporation may want to amend the articles of incorporation. Articles of Incorporation and By-laws; Joint affidavit of two (2) incorporators undertaking to change name; List of members, as certified by the corporate secretary, unless already stated in the Articles of Incorporation; and, List of names of contributors or donors and the amounts contributed or donated, as certified by the treasurer. 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. Number and qualifications of incorporators Section 11. (Not required if the Articles of Incorporation have a provision on this commitment). Today, that concept is somewhat archaic, but it still plays an important role and should be thoughtfully considered when forming a startup company by filing the certificate of incorporation. You need to use the SEC form, you have to buy one at Forms Desk Section. Prepare the Articles of Incorporation and By-laws. A company's articles of incorporation is the document a business must file with the state, in order to operate in corporate form. Takes at least 3 days to complete. NO. The SEC filing fees for the incorporation of a domestic corporation are as follows: Basic Filing Fee for the Articles of Incorporation – 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock, but not less than P2,000.00; Legal Research– 1% of the filing fee All documents need to be notarized (more on … Proof of official business address. 2. The corporation may want to change its name or add a new purpose or change its principal place of business. 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