Week 6

Setting up Corporations Domestic Corporations

 Domestic A. Incorporation
 Foreign Corporations
 One Person ARTICLES OF INCORPORATION
Corporations
1. Nature of Charter
(a) Commencement of Corporate Existence (Sec. 18, RA 11232).
See Handout on Business 2. Procedure and Documentary Requirements (Sec. 13 and 14,
Organizations in the RA 11232).
Philippines (a) As to Number and Residency of Incorporators (Sec. 10, RA
11232).
(b) Corporate Name (Secs. 17, 13(1) and 41, RA 11232).
(c) Purpose Clauses (Sec. 13(b), RA 11232).
(d) Corporate Term (Sec. 11, RA 11232).
(e) Principal Place of Business (Sec. 50, RA 11232).
(f) Minimum Capitalization (Sec. 12, RA 11232).
(g) Subscription and Paid-up Requirements (Sec. 13, RA 11232).
(h) Steps and Documents Required in SEC

Latest List of Requirements for Incorporation of Domestic

Corporations
https://www.sec.gov.ph/

3. Amendments to the Articles of Incorporation (Sec. 15, RA

11232).

BY-LAWS (Sec. 45 and 46, RA 11232).

Incorporators (Sec. 10, RA 11232).

B. One Person Corporation

C. Foreign Investment Act
D. Branch Office v. Branch Office v. Representative Office