Article 1
- I have changed the name of the
partnership to “Expert Repairs Ltd.” as I
have noticed that, in line with the
characteristics of such kind of
partnership, ours falls in the Limited
Partnership category. (Curious lang po
ako bakit Expert Repairs ang pangalan
hehe)
Article 2
- I have changed the principal office from
Balayan to Lipa City, our common
ground. Yet, I don’t know if we should
put an exact location.
Article 3
- I have included my name as a Limited
Partner, in hope of not sacrificing the
articles stated in the latter part that has
to do with Limited Partners
Article 4
- None
Article 5
- (Curious lang po ako kung ano yung
general electric?)
Article 6
- I have included my name with the same
amount as to the former partner from
Sta. Teresita.
Article 7
- With respect to the idea that you
contributed 60% (300,000) on the
general capital, while I contributed
40%(200,000), I included such a ratio.
This will also make it easier for the
partnership to divide the profit it will
give us based on our initial contribution.
Article 8
- None
Article 9
- None
Article 10
- I added this statement in line with the
object of Universal partnership to all
present properties, which indicates that
ALL present property is contributed into
a common fund, and all profit will be
divided among the partners.
Article 11
- I added this just to give us a deadline as
to when we are supposed to recognize
and credit for the equity account of the
company.
Article 12
- I only added in the first part the inability
of the Limited Partner to manage the
partnership except that of substituting
an assignee as a contributor which is
already stated in the next sentences.
Article 13
- None
Article 14
- The death, retirement, insanity, etc. of a
general partner is generalized into that
of only a partner. I also clarified that
there shall also be a remaining partner
to continue such partnership, since if
the absence of a partner would leave a
single partner behind, it will no longer
be classified as a partnership, but
instead, a sole proprietorship.
Article 15
- I have included this section to promote
transparency between the general and
limited partners in response to the
evident gap between the both of them.