Articles of Partnership
Articles of Partnership
Articles of Partnership
ARTICLES OF PARTNERSHIP
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:
To earn well through this lucrative activity which brings goods and services to people that of
reasonable price and within the reach of target market twenty four (24) hours a day. As well as
to promote accessibility of sundry goods and services not normally sold in ordinary market.
ARTICLE III. Principal Place of Business: That the principal place of business of this
partnership shall be located at: Carmen Street, Barangay Progreso, Binalbagan, Negros Island
Region, Philippines
ARTICLE IV. Term of Existence: That this partnership shall have a term of thirty (30) years
from and after the original recording of its Articles of Partnership by the Securities and
Exchange Commission. Hence, if the partnership still continues after the fixed period, extension
can be observed.
Articles of Partnership
ARTICLE V. Partners’ Circumstances: That the names, nationalities and complete residence
addresses of the partners are as follows:
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the
amount of Twenty Million Pesos (P 6, 000, 000), Philippine Currency, contributed in cash by the
partners, as follows:
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.
ARTICLE IX. Management: That this partnership shall be under Archie Saclauso, 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
(Names and Signatures of the partners and TIN)
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public, for and in _________________, this ____day of _________,
20___, personally appeared the following persons:
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______.