One of the distinctive features of a corporation X is a Filipino immigrant residing in Sacramento,

California. Y is a Filipino residing Quezon City. Z is a resident alien residing in Makati City. GGG
Corporation is a domestic corporation—40% owned by foreigners and 60% owned by Filipinos, with T as
authorized representative. CCC Corporation is a foreign corporation registered with the Philippines SEC,
KKK Corporation is a domestic corporation (100%) Filipino owned. S is a Filipino, 16 years of age, and
daughter of Y. 
A. Who can be incorporators?
B. Who can be subscribers?
C. What are the differences between an incorporator and a subscriber, if there are any?
ANSWER:
A. Answer: X,Y,Z and T could all be incorporators and subscribers. However, the law requires
that there must be at least five but not more than fifteen incorporators (who must all be
natural persons) and that a majority of the incorporators must be residents of the Philippines.
S, being a minor, could neither be an incorporator nor a subscriber.
B. GGG Corporation, CCC Corporation, and KKK Corporation, CCC Corporation, and KKK
Corporation could not be incorporators as they are not natural persons. However, they could
be subscribers.
C. The differences are as follows: first, all the incorporators are required to sign and
acknowledge the Articles of Incorporation while the subscribers, as such, are not subject to
the same requirement; second, the incorporators could be either natural or juridical persons;
and third, the number of incorporators cannot exceed fifteen while the number of subscribers
could be more than fifteen.