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SAMPLE PURPOSES FOR ARTICLES OF INCORPORATION/PARTNERSHIPS
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A. STOCK CORPORATIONS AND PARTNERSHIPS |
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ACCOUNTING AND BUSINESS SERVICES
To render various accounting services, audit engagements, and taxation and
business consultancy. to conduct audits, render bookkeeping and accounting
work, install accounting systems, internal controls and budget procedures; to act
as managers, consultants, managing agents of persons, firms, associations,
corporations, non-government organizations, partnerships and other entities; to
provide management, organizational and technical advice for development
agencies, organizations and other kinds of entities; to undertake, carry on, assist
or participate in the promotion, organization, management and reorganization of
corporations and partnerships, agencies, organizations, and other entities
particularly those involved in development undertakings.
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ADVERTISING 7
To engage in, conduct and carry on the business of advertising, both as principal
and agent, including the manufacture and construction of advertising devices
and novelties, to erect construct, purchase, lease, or otherwise acquire fences,
billboards, sign boards, buildings and other structure sultable for advertising
purposes; to advertise in the air by airplanes, streamers, skywriting and other
similar operations and likewise to advertise by radio, television, movie houses
and in general to employ or use any form of advertising media. |
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AGRICULTURAL BUSINESS
To develop, manage own, lease, and operate agricultural lands, farms, pasture
lands, ranches, fishponds, fishpens, foreshore lands, and similar fishing rights or
concessions; to engage in the planting and cultivation of all crops, orchards,
groves, and all types of agricultural or farm products; to engage in raising,
breeding, cross- breeding and pasturing of cows, goats, carabaos, pigs, chickens
and other similar stocks, and in general to undertake or carry on all kinds of
studies, experiments, cultivation, storage and trading in all kinds ofjagricultural,
livestock and fishery products and its by products but not| limited to
iTo develop, manage own, lease, and operate animal farm, ranches, poultry and
to engage in raising, breeding, cross breeding and pasturing of
i and
and other similar stocks, and in general to undertake
or carry all kinds of studies, experiments, cultivation, storage and trading in all
kinds of livestock products and by-products but not j limited to
ARRASTRE AND STEVEDORING SERVICES
To operate and maintain stevedoring and arrastre services including the
operation, ownership, acquisition, and/or lease of the proper and necessary
transport and cargo handling equipment ; to engage in the business of
warehousing of cargoes of all kinds and to provide facilities that may be
necessary or incidental thereto such as _porterage, and other cargo-handling
services, as ship brokers, agent, ships cargo checking and ship Rancling.
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BANKING i
To carry on and engage in the banking business as provided for inlall pertinent
banking laws of the Republic of the Philippines, and in the course of its
operations, to receive deposits in the form of time, savings, checking accounts,
new accounts, government deposits, foreign currency deposits and other forms
of deposit upon prior approval of the Monetary Board; :
COMPUTER DATA PROCESSING/ENCODING
To engage in the business of handling and managing of computer data; data
processing, data storage, systems design and analysis, software package
development, programming, data communication, microfilming, and related
services like contract programming, consultancy, hardware maintenance and do
any and alll things necessary and proper in the pursuance of the above objects
without engaging in the telecommunications business. |
CONSTRUCTION i
To engage in general construction and other allied businessés including
constructing, site preparation, enlarging, repairing, servicing, developing or
otherwise engaging in any work on buildings, roads, highways, manufacturing
plants, bridges, airfield, piers, docks, mines, shafts, waterworks, marine works,
steel fabrication, railroads, railways, and other structures. }1
DAY CARE CENTER |
To own, operate, run, menage, and engege in the business of a day care center
containing facilities for babysitting services, private tutoring, and feeding of
toddlers, infants, and children but not to maintain or engage in ifacilties for
elementary or secondary education \
CONSULTANCY SERVICES
To provide consulting, technical and advisory services to persons, associations,
corporations, partnerships and other entities; and to hire the ‘services of
professionals in furtherance of the corporate purpose. '
EDUCATIONAL INSTITUTION ( secondary school )
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To establish and operate an educational institution or leaming center which shall
provide courses of study in Pre-School, Elementary and High School subject to
the laws of the Philippines. ‘
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ENERGY PRODUCTION !
To design, construct, erect, assemble, commission, and operate gas turbine and
other power-generating plants and related facilities for the conversion into
electricity of coal, distillate, and other fuel provided by and under contract with
the Government of the Republic of the Philippines, or any ‘subdivision,
instrumentality or agency thereof, or any government-owned and controlled
corporation, or other entity engaged in the development, supply and distribution
of energy;
FINANCING COMPANIES
To engage in the financing business provided that borrowing shall|be sourced
from not more than 19 lenders. :
FISHING '
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To develop, manage, own, lease and operate fish farms, fishponds and other
similar fishing rights or concessions and in raising, breeding, cross-breeding all
kinds of fish, and to undertake or carry on all kinds of studies, experiments
tthereto and trading of fishery products and by-products such as but not limited to
To engage in the business of gathering shells, clams, other edible marine
products in inland waters and to develop, manage, own and lease rights and
Concessions for the culture of pearl and trading of pearl products and by-
products.
To engage in the general business of fishing in any form with the use of any
equipment, instrument, machinery, vehicles and appliance whether deep sea,
fresh water or inland fishing or in the culture of fish in fishponds or otherwise.
FISHPONDS/FISH CULTURE |
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To develop, manage, own, lease and operate fish farms, fishponds and other
similar fishing rights or concessions and in raising, breeding, crossbreeding all
kinds of fish, and to undertake or carry on all kinds of studies, experiments
thereto and trading of fishery products and by-products such as but not limited to
FREIGHT FORWARDING :
To engage in the freight business of forwarding parcels, packages, merchandise,
goods and articles of every name and description from one place to another,
anywhere in the world, either by air, land, or water transportation, and in
connection therewith, to engage in and act as commercial [broker and
forwarding agent.
To engage in the business of cargo and freight forwarding both domestic and
intemational, cargo consolidation, non-vessel operating common carrier,
breakbulk agency, hauling, handling, distributing of general cargoes and all
classes of goods, wares and merchandise, to collect/receive fees for such
services. 7
HOLDING COMPANY 7
To acquire, hold, sell, exchange, deal and invest in the stocks, bonds, or
securities of any government or any subdivision thereof or any public or private
corporation, and in real or personal property of all kinds in the same manner and
to the same extent as natural person, might could or would do, to exercise all the
rights, powers and privileges or ownership, including the right to vote therein, or
consent in respect thereof, for any and all purposes without however managingsecurities, portfolio or funds of the managed entity or fim nor the corporation
shall act as stock broker or dealer in securities.
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HOSPITALS !
To establish, own, operate, maintain and manage hospitals, diagnostic .
and ambulatory clinics, medical and other related facilities and businesses
including pharmacies, medical laboratories, scientific research centers and other
allied enterprises which shall provide professional, medical, surgical, nursing,
therapeutic, paramedic and other medical services and in connection therewith to
grant or sell franchise to other entities or persons authorizing them to operate
and provide similar medical services under its trade name, trademark, service
name and service mark of Inc., provided that purely
professional, medical or surgical services shall be performed by duly qualified
and licensed physicians or surgeons who may or may not be connected with the
hospitals.
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HOTEL '
To engage in and carry on the business of operating hotel and resort; to operate
and maintain any and all services and facilities incident thereto such as but not
limited to the management, operation, and maintenance of, clubhouse,
restaurant, bar discotheques, music lounge, and other related’ businesses
including club conference and training rooms; provide and maintain sports
facilities such as golf courses, tennis and pelota courts, gymnasium, swimming
pools and other recreational facilities within the hotel and resort i
INSURANCE '
To carry on the business of insurance agents; to act as agents or managers for
any insurance company in connection with its insurance or underwriting business
whenever the same may be carried on or any branch of the same, and to enter
into any agreement for such purpose with any such insurance company
INTERNET SERVICES
To engage in the business of Internet service provider, providing to, the general
public Internet Access and facilities such as File Transfer Protocol (FTP), Telnet,
Hypertext Transfer Protocol (HTTP),Gopher, WAIS, VOIP, etc.INVESTMENT COMPANY i
To subscribe to, invest and reinvest in, sell, transfer or otherwise dispose of, all
types of stock, bonds, debentures, notes, mortgages or other, obligations,
commercial papers, acceptances, scrip, investment contracts, | voting trust
certificates, certificates of interest, or other instruments representing rights to
receive, purchase or subscribe to the same or representing any other rights or
interest therein, or in any property or assets, created and issued by any and all
persons, firms, associations, corporations, syndicates, combinations,
organizations, governments or subdivisions, agencies or instrumentalities
thereof; to acquire, hold, invest and re-invest in, sell, transfer or otherwise
dispose of real properties of all kinds; and generally to carry on thé business of
an open-end investment company in all the elements and details thereof
investing in such equity securities. |
INVESTMENT HOUSE ;
To establish an institution by and through which comprehensive financial
products and investments management service lines shall be ‘offered and
provided to clients; securities dealership and brokerage; and engage in and
perform securities underwriting operations and all other powers and functions
allowed for investment houses under Philippine law including, without limitation,
to engage in all lines of business traditionally or commonly consideréd as part of
the functions of an investment house. 1
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LENDING INVESTOR: .
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To engage in business as lending investor without engaging in pawnbroking
under PD 144 and financing under RA 5980, provided that borrowing shall not be
sourced from more than 19 lenders.
MANAGEMENT/CONSULTING SERVICES
To engage in and provide management consultancy services to the general
public, including the supervision, direction, management and control of the
operations, business and affairs of other corporations, firms, or persons,
engaged in any legitimate business in the Philippines; provided, however, that
the corporation shall not act as an investment company or securities broker or
dealer and shall not exercise the functions of a trust company.MANUFACTURING
To engage in the business of manufacturing, production, sub-contracting, export,
import, purchase, sale and distribution of any of form of commodities, goods, or
merchandise which may be the object of commerce such as but not limited to
To conduct, undertake, and engage in the manufacture and production of
apparel or clothing of whatever kind, class or design, both for domestic and
foreign consumption; to market, distribute and sell the same on wholesale or
retail
MOVIE/MOTION PICTURE PRODUCTION 1
To establish, operate, maintain and carry on motion picture, radio, television and
other entertainment activities and/or otherwise engage in other kinds of services
Which are incidental or in connection therewith
To produce audio visual presentations to serve advertising agencies, television
programs, individual production outfits and other media outfits, companies and
individuals.
MINING 1
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To engage in the business of quarrying, mining, cutting strip, finishing, setting
purchasing, selling and dealing in non-metallic ore, limestone, aggregates,
marbles, other stones and any other mineral as may be incidentally developed,
and to manufacture the same into various products. i
To undertake activities involving large-scale exploration, development and
utilization of mineral resources as well as the conduct of exploration and mineral
processing activities pursuant to agreements or such mineral agreements and
other permits and agreements as may be allowed by law, whichjshall entail
extraction, production and export of minerals; purchase and importation of
machinery and equipment necessary to explore, extract and process minerals;
development of mineral tenements or areas as may be required for purposes of
any exploration, mining or mineral processing activities through the construction
of roads, ports and other facilities; execution of contracts with mineral tenement
owners, mineral exploration enterprises and mining enterprises in}connection
with the above activities, or in relation to the purchase or salejof mineral
resources; and entry into such agreements with the President of the! Philippines
or other agencies of the Philippine government as may be allowed by law in
furtherance of its purposes.To search for, prospect and explore for ores and minerals and to locate mining
claims, grounds or lodes and record the same pursuant to the mining laws, to
purchase or otherwise acquire, own, engage, sell or otherwise’ dispose of,
mortgage, hypothecate, and deal in minerals and mineral lands of all kinds, oil,
coal, timber, lands, personal estate, water and water rights, and to work, explore,
operate and develop the same, and to carry on the business of mining in all its
branches; to acquire by grant, purchase or otherwise any property or privileges
from any government, or any authority, individual, municipal or otherwise, and to
perform and fulfill the conditions thereof.
NON-VESSEL COMMON CARRIERS/CARGO CONSOLIDATOR
To undertake the business of a non-vessel operating common carriers, cargo
consolidator, break bulk agents in the hauling, carrying, distributing! loading and
unloading of all classes of goods and merchandise. :
PEARL CULTURE 7
To engage in the business of pearl culture and to develop, manage, own, lease
rights, and concessions for the culture of pearl and trading of pear! produ.
PUBLICATION/PRINTING
To carry on the business as proprietors and publishers of newspapers, journals,
magazines, books and other literary work and undertakings; and to carry on the
business as printers, book sellers, book binders, paper makers, stationers,
engraver, photographic printers, stereotypes, electro-types, bibliographers,
machinists, silk screeners, or other related activities.
QUARRYING '
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To engage in the business of quarrying, mining, cutting strip, finishing, setting
purchasing, selling and deal in non-metallic ore, limestone, aggregates, marbles,
other stones and any other mineral as may be incidentally developed, and to
manufacture the same into various products. 7
REALTY BUSINESS
To engage, operate, hold or manage real estate business; to, acquire by
purchase, lease, donation or otherwise, use, improve, develop, subdivide, sell,
mortgage, exchange, lease, develop and hold for investment or ottierwise, realestate of all kinds, whether improved, managed, or otherwise deal ih_or dispose
of buildings, houses, apartments, townhouses, condominiums, and other
structures of whatever kind together with the appurtenances or improvements
found thereon. :
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RECRUITMENT
To engage in the recruitment, placement, introduction, promotion, assistance,
processing and deployment of workers for overseas employment and for other
related manpower services, |
REMITTANCE BUSINESS '
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To set up, operate and maintain overseas remittance centers/faciliies where
overseas Filipino workers (OFWs) can remit money to their relatives in the
Philippines; to enter into joint venture and/or tie-up with banks, as Well as other
institutions and/or intermediaries, natural or juridical, relative thereto and in
furtherance thereof. ‘
RESEARCH SERVICES |
To provide a comprehensive line-up of specialized solutions andjservices on
research and development, business consultancy, event support services,
project management, information dissemination, and online digital solutions for
emerging or established companies, medical practices, non-profit organizations
or government agencies, all customized to their business needs
RESTAURANTS ;
To establish, maintain and operate restaurants, coffee shops, ‘refreshment
parlors, cocktail lounge; to cook, arrange, serve and cater goods, drinks,
refreshments and other food or commodities commonly served in such
establishments, and to offer such other services to the public in connection with
the operation of restaurant and catering enterprises.
SALVAGE SERVICES
To engage in the salvage business in the Philippines and elsewhere, ito buy, sell,
trade and deal in and manufacture salvage equipment including but not limited to
barges, vessels, and other kinds of floating equipment i|
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SECURITY AGENCY \
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To provide security to juridical persons, offices, industrial, commercial, and other
establishments whether public or private, anywhere in the Philippines.
SHIPPING !
To own, conduct and operate any kind of vessel for Philippine coastwise and
domestic trade; and to provide complete marine services, as principal or agent to
ship owners, ship operators and managers and to any person, association, firm
or corporation engaged in international marine and maritime business, such as,
but not limited to acting as managers of ships or crew. i
‘SHIPBUILDING l
To contract for, purchase, build, own, equip, furnish and fit, sell, operate and
charter ships and other kinds of seagoing vessels |
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STOCK BROKERAGE |
To carry on the business as stock brokers and share brokers, |whether as
principals or otherwise, and dealers in stocks, shares, debentures, debenture
stock, funds, bonds, obligation, securities and investments of all kinds and in all
activities directly or indirectly connected or incidental thereto; to act as agents or
broker for the investment of money, and for the sale, purchase, transfer,
transmission, or any other dealings in shares, stocks, debentures, securities,
bonds, loans or other obligations or securities issued or guaranteed by any
company, corporation or association, or by any government or public body, local
or municipal authority.
STOCK TRANSFER AGENT
To establish, operate and act as transfer agent and/or registrar of
corporations; to register all sales, exchanges or other transfers of shares of stock
of corporations, to enter and note in the books of client corporations such sales,
exchange, or transfer duly endorsed and surrendered certificates of shares of
stock; and to issue new certificates to transferees or endorsees in lieu of
certificates surrendered, subject only to such limitations, terms and conditions as
provided by law; and to keep and provide itself with the necessary stock and
transfer books for its client corporations in which the stock of each corporation is
recorded, and the names of the stockholders or members are entered
alphabetically arranged; provided, that it shall not act as a transfer agent for asecurity which is listed or traded on an Exchange, over-the-counter; or any other
trading market without being granted a secondary license to act as such by the
Commission. |
TECHNICAL SERVICES
To undertake and/or engage in the business of providing and/or rendering
technical services for various industrial or commercial plants, Ifacilities, or
buildings including planning, consultation, project management, | construction
management, supervision maintenance, operation, and performing other
technical business process outsourcing activities that will make use of
information and communication technology (ICT) and/or computer tools.
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TELECOMMUNICATION i
To establish, operate, maintain and carry on the business of telecommunication
services and/or otherwise engage in other kinds of services which are incidental
to or in connection therewith. i
TOWAGE SERVICES ;
To engage in ocean towage, commerce and navigation in the carridge of goods
and passengers by water on oceans, seas, canals, harbor and other waterways
between the various points of the Phil
parts of the world
TRADING
To engage in, conduct, and carry on the business of buying, selling; distributing,
marketing at wholesale/retall, insofar as may be permitted by law, all kinds of
goods, commodities, wares and merchandise of every kind and description such
as but not limited to (Ls to act
as manufacturers’ representative, commission merchant, factor or agent ‘relative
thereto. 1
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TRAVEL AGENCY
To engage in the business of tours and travel agencies, sell package tours to and
from the Philippines and to represent tour operators in the Philippines and
abroad.TRAVEL CONSULTANCY :
To engage in international travel consultancy, advisory work and
assistance in acquiring immigrants visas to ; to ensure success in
their applications by providing and conducting proper assessment and technical
immigration service and filing and submitting applications on their behalf to the
concemed agencies with the primary objective of getting permanent resident
visas to -
B. NON-STOCK CORPORATIONS
ALUMNI ASSOCIATIONS !
To establish, organize and maintain the spirit of camaraderie and cooperation
among the alumni of in order to preserve their bond and brotherhood;
foster closer relationship among themselves and improve their individual and
collective welfare.
Assist and participate in any manner in the programs and undertakings of the
school as well as that of the government. i
Promote and undertake projects and activities designed to enhance their cultural,
social and economic well-being and to continue to uphold the noble tradition,
ideals and causes for which the school stands for and to safeguard its good
name and reputation as defender of our democratic way of life. {
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BUSINESS ORGANIZATIONS
To promote and strengthen the industry'in order to
become a leading business sector in the community.
To promote the integral human development of its members as well as its
‘employees through trainings, education and formation programs.
To provide opportunities among the members of the association to improve the
quality of its products through efficient and effective management of resources.
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To sponsor, undertake or participate in seminars, symposia or lectures regarding
the business. ‘
To solicit and obtain grants, acquire loans or financial accommodations, and avail
of the benefits/assistance from government and private institutions.To serve as a forum to discuss issues/problems affecting the industry, its
customers, as well as the welfare of the community. i
To do such other things which are necessary for the accomplishment of its
objectives.
CONDOMINIUMS 4
To own and hold title to the common and limited common areas in the
condominium project known, and identified | as the
(hereinafter
called the “Project") which has been constituted pursuant to the provisions of
Republic Act No. 4726 on the property described in and brought under the
operation of said Act by that Master Deed with Declaration of; Restrictions
executed by onan
registered with the Register of Deeds for on
as entry No. T, doc. No
, page no. “Dk. No. V4s.of
primary entry book under Act 496. T
To adopt such measures as may be necessary for the protection arid safeguard
of the office condominium unit owners and their property in the project including
the power to contract for security services for the entire project and, in
accordance with the Master Deed with Declaration of Restrictions of the Project,
to obtain and maintain insurance coverage on the entire project.
To make and adopt needful rules and regulations conceming the’ proper use,
enjoyment, and occupancy of the office condominium units and common and
limited common areas in the project and to impose penalties by way of liquidated
damages and assessments for violation thereof. |
To provide for the maintenance, repair, sanitation and cleanliness of the common
and limited common areas in the Project; as well as the beautification and
betterment thereof or other improvements and additions thereto,’ and for its
reconstruction, restoration, or repair when necessitated by damage, ‘destruction,
obsolescence, and depreciation, expropriation or condemnation of the whole or
any part thereof. :
CIVIC ASSOCIATION Mi
To assist the government and the public in promoting environmental concer and
ecology.To support campaigns for the preservation of natural resources and environment
and prevent their deterioration.
To receive donations, endowments, grants, and contributions for the
maintenance of the association and its projects. \
To conduct fund raising activities necessary for the association to advance its
objectives. |
To do such other acts and activities as may be necessary for the
accomplishment of its purposes. i
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CULTURAL ASSOCIATION
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To conduct research, seminars and training on culture and arts, particularly the
art of
To harness and consolidate the creative talents of i__artists,
thereby producing works and related art forms Televant to the needs and
aspirations of its beneficiaries. i
To launch artistic collaborations with other individuals of the same|interest and
related organizations |
To do such other activities as may be necessary, convenient and appropriate for
the accomplishment of the foregoing purposes.
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DRIVERS/OPERATORS ASSOCIATION
To establish an organization that will represent the
operators and drivers plying the route
To develop cooperation, assistance, harmony and understanding among the
members to advance their economic and social status, as well as spiritual,
cultural and moral well being. f
To assist and coordinate with appropriate government agencies in the
implementation of transportation laws and traffic rules and regulations.
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To promote the enlightenment of all members, through seminars and training
programs on traffic rules and regulations in regard to their rights and obligations,
and other matters regarding the convenience and safety of the riding public.