ONAHON, BARBARA HAZEL

CLASSIFICATION OF CORPORATION
1.One Person Corporation (OPC) Is a corporation with a single stockholder,
who may be a natural person, trust or an
estate.
As to whether shares of stock are issued or not:
2.Stock Corporation One that has capital stock divided into Ayala Corporation
share and is authorized to distribute
dividends.
3.Non-Stock One no part of the income of which is UHappyEvents
distributable as dividends to its members.
As to the state or country under whose laws it was created:
4. Domestic Corporation One incorporated under Philippine laws. Aboitiz Equity Ventures, Inc.
5. Foreign Corporation One formed, organized and existing Alaska Milk Corporation
under any laws other than those of the
Philippines and whose laws allow Filipino
citizens and corporation to do business in
its own.
As to number of persons composing them:
6. Corporate Aggregate One that is composed of more than one
corporator.
7. Corporation Sole One composed of only one person, like a Vidya Commercial Corporations.
bishop or rabbi.
As to whether its purpose is public or
private:
8. Public Corporation One that is organized for the government Bank of the Philippine Islands (BPI)
of a portion of the state, like province,
cities, municipalities and barangays.
9. Private Corporation One that is formed for a private purpose. Jollibee Food Corporation
10. Government-owned or Controlled These refers to corporations created Land Bank, DBP and GSIS.
Corporation
11.Quasi-public Corporation
As to whether its purpose is religious
or not:
12. Ecclesiastical or Religious
Corporation
13. Lay Corporation
As to whether its purpose is charitable
or not:
14.Eleemosynary Corporation
15.Civil Corporation
As to their legal right to corporate
existence:
16.De jure Corporation
17. De fact Corporation
As to their relation to another
corporation or other corporations:
18. Parent or Holding Corporation
under a special law other then those for
the government of a portion of the State.
Those organized for a profit which are BUSECO
granted a franchise by the State to
perform public service.
One that is formed for a religious Fundamental Baptitst
purpose.
That is formed for a purpose other than
ecclesiastical purpose.
One that is organized for public charity.
One that is organized for business or
profit.
One that has been created in strict
compliance with all the legal requirement
and whose right to exist as a corporation
cannot be successfully attacked in a
direct proceeding for that purpose by the
State.
One that is defectively created but there
is an exclusive of corporate rights and
franchise resulting form an attempt in
good faith to incorporate on the part of its
members.
One which owns the shares of another

19. Subsidiary Corporation
As to whether its shares may be held
by the public or not:
20. Close Corporation
21. Open Corporation
Other classifications:
22. Corporation by Prescription
23. Corporation by Estoppel
corporation and having power, directly or
indirectly, over the latter including the
election of the directors thereof.
One whose shares of stock are owned by
another corporation, called the parent
corporation, which has the power to elect
its directors.
One whose shares are limited to a few
and restricted as to their transfer and not
listed in stock exchange.
One whose shares are open to the public
such as those whose shares are listed in
the stock exchanges.
One which has exercised corporate
powers for such a length of time without
interference by the State, and which by
fiction of law, is given the status of a
corporation.
One which is in reality not a corporation
but is considered as one with respect to
those who are precluded by their
admission or conduct from denying its
existence.