Beruflich Dokumente
Kultur Dokumente
3.
The articles of partnership must stipulate that all the partners are and shall be jointly and
severally liable for all the obligations of the partnership.
This Commission will not therefore interpose any objection to the recording of the said articles of
partnership which must be accompanied by the proper SEC verification slip regarding the proposed
partnership name; the written undertaking to change the partnership name in the event that another
person, firm or entity has acquired a prior right to the use of said name or is misleading or confusingly
similar to it; the Data Sheet of the registrant partnership and the recording fee of 1/10 of 1% of the
partnership's capital but not less than P100.00 or more than P50,000.00.
Moreover, two or more corporations may enter into a joint venture/consortium if the nature of the
venture is in line with the business authorized by its charter through a contract or voluntary agreement
between the said parties. Please note that no independent legal entity is borne out of it and the same
need not be registered with the Commission. However when the joint venture/consortium would result
in the formation of a corporation or partnership, the same has to be registered with the Commission
and the conditions and requirements above-mentioned should be complied with.
Please be advised accordingly.
Very truly yours,
(SGD.) ROSARIO N. LOPEZ
Director
Corporate and Legal Department