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Sample Article of Partnership Philippines
Sample Article of Partnership Philippines
of
ZY CREATIVE IDEAS, LTD.
That we, the undersigned, all of legal age and residents of the Republic of the Philippines have
agreed to amend a limited partnership under the terms and conditions herein set forth and subject to the
provisions of existing laws of the Republic of the Philippines.
ARTICLE II. That the principal office of the Partnership shall be located at #19 Scions,
Canitoan, Cagayan de Oro City, Philippines.
ARTICLE III. That the names, citizenship, residence and designation of the partners of said
partnership are as follows:
Name Citizenship Residence Designation
ARTICLE IV. That the term for which said partnership is to exist is 30 years from the original
recording of said partnership by the Securities and Exchange Commission.
ARTICLE V. That the purpose for which said partnership is formed are as follows:
1. To conduct business related to graphics design and layouting including business
promotion and advertising;
2. To conduct photography and videography services for all occasions; and
3. To engage in business related to computer buying and selling as well as computer
repair services.
ARTICLE VI. That the capital of the partnership shall be six hundred thousand, Philippine
Currency contributed in cash by the partners as follows:
ARTICLE VII. That the profits and losses shall be divided pro-rata among the partners.
ARTICLE VIII. That should there be any additional contribution made by a limitedpartner, such
must be agreed upon by all the partners in writing and duly recorded atleast two (2) days after signing
of same agreement. Such contribution shall amendArticle VI of the Articles of Partnership and in no case
shall such amendment be doneless than one (1) year after the original recording of said partnership by
the Securitiesand Exchange Commission.
ARTICLE IX. That the contribution of each limited partner may be returned tohim/ her three (3)
years after the original recording of said partnership by the Securitiesand Exchange Commission.
ARTICLE X. That the limited partner may be given the right to substitute anassignee as
contributor in his place, provided that he has duly notified his partners inwriting, stating the reasons
therefor, five (5) days before effectivity of said substitution.Provided further that such limited partner has
already settled his obligations to thepartnership prior to the notification of substitution.
ARTICLE XI. That a partner may admit an additional limited partner, provided that the other
partners have been duly notified in writing five (5) days before effectivity of admission and duly concurred
by all the partners in writing.
ARTICLE XII. That the remaining general partner or partners shall have the right to continue the
business in cases of death, retirement, civil interdiction, insanity or insolvency of a general partner.
ARTICLE XIII. That the firm shall be under the management of Norhanna P.Paporo, as General
Manager and as such she shall be in charge of the management of the affairs of the partnership.
ARTICLE XIV. That the partners willingly undertake to change the name of the partnership
immediately upon receipt of notice/ directive from the Securities and Exchange Commission that
another partnership, corporation, or person has been declare misleading, deceptive, confusingly similar
to a registered name or contrary to public morals, good customs or public policy.
IN WITNESS WHEREOF, we have hereunto set our hands this 8th day of September 2011 at
Cagayan de Oro City, Philippines.
ABDULHARIS P. PAPORO
TIN:
ACKNOWLEDGEMENT
Republic of the Philippines }
City of Cagayan de Oro } S. S.
BEFORE ME, a Notary Public, for and in Cagayan de Oro City, Philippines, this 8th day of
September, 2011, personally came and personally appeared the following persons with their
Community Tax Certificates as follows: