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Sample AOI

This document outlines the terms of a partnership agreement between multiple partners. It specifies that the partners are forming a limited partnership according to Philippine law. It lists the partnership name and its principal place of business. It also outlines the business purposes of the partnership, its term of existence, the partners' names and contributions, how profits and losses will be divided, and that a General Manager will be responsible for management.

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Bojo
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686 views2 pages

Sample AOI

This document outlines the terms of a partnership agreement between multiple partners. It specifies that the partners are forming a limited partnership according to Philippine law. It lists the partnership name and its principal place of business. It also outlines the business purposes of the partnership, its term of existence, the partners' names and contributions, how profits and losses will be divided, and that a General Manager will be responsible for management.

Uploaded by

Bojo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
  • Articles of Partnership - Introduction: Introduces the articles, stating the intent, parties involved, and legal framework of the partnership.
  • Partners' Circumstances: Lists the names and addresses of participating partners and their contributions.
  • Business Purpose: Defines the main business purpose or activities of the partnership.
  • Term of Existence: Details the duration for which the partnership is intended to remain valid.
  • Principal Place of Business: Specifies the main location where the partnership's business activities will be conducted.
  • Sharing Ratios: Describes how profits and losses are distributed among the partners.
  • Capital Contributions: Outlines the financial contributions required from each partner to maintain partnership operations.
  • Undertaking to Change Name: Covers circumstances under which the partnership name might require changing.
  • Management: Establishes how the partnership will be managed and who holds decision-making authority.

ARTICLES OF PARTNERSHIP

OF
_
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
shall be :

the

name

of

this

partnership

and shall transact business under the said company name.


ARTICLE II. Business Purpose: That the purposes for which this partnership is
formed are:
1. To engage in general retail.;

2. To engage in;
3. To conduct;.
ARTICLE III. Principal Place of Business: That the principal place of business of
this partnership shall be located at _______________________
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 Address

Kind of

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ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be
the amount of _________________________________ (
), Philippine Currency,
contributed in cash by the partners, as follows:
Name of Partner

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.
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.
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.

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