Articlies of Professional Partnership Template
Articlies of Professional Partnership Template
Articlies of Professional Partnership Template
ARTICLES OF PARTNERSHIP
OF
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:
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 : Purok Katuparan, Teachers Village, Tagum City 8100
ARTICLE IV. Term of Existence: That this partnership shall have a term of 50 years
from and after the original recording of its Articles of Partnership by the Securities and
Exchange Commission.
Articles of Partnership
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be four
thousand pesos (P 4,000.00) and the intellectual and skill capacity of each partner.
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,
except in the case of waste water treatment where 90% of the profit shall be given to the
General Manager and sole designer of said treatment system.
ARTICLE IX. Management: That this partnership shall be under Ronilo I. Chavez,
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.
Articles of Partnership
IN WITNESS WHEREOF, we have hereunto affixed our signatures this ____ day of
______, 20___, at ________.
______________________ _______________________
(name of partner) (name of partner)
TIN TIN
______________________ _______________________
(name of partner) (name of partner)
TIN TIN
ACKNOWLEDGEMENT
known to me and to me known to be the same persons who executed the foregoing Articles of
Partnership constituting of _____pages, including this page where the acknowledgement is
written, and they acknowledged to me that the same is their free and voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and place above written.
NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ______;
series of 20 ______.