You are on page 1of 2

(SAMPLE ARTICLES OF LIMITED PARTNERSHIP)

ARTICLES OF PARTNERSHIP
of
ZY CREATIVE IDEAS, LTD.

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, all of legal age and residents of the Republic of the Philippines have agreed to amend a limited
partnership under the terms and conditions herein set forth and subject to the provisions of existing laws of the Republic
of the Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I.
That the name of the partnership shall be: ZY Creative Ideas, Ltd.

ARTICLE II.
That the principal office of the Partnership shall be located at #19Scions, Canitoan, Cagayan de Oro City, Philippines.

ARTICLE III.
That the names, citizenship, residence and designation of the partners of said partnership are as follows:

Name Citizenship Residence Designation


Abdulharis P. Paporo Filipino Cagayan de Oro General Partner
Norhanna P. Paporo Filipino Cagayan de Oro General Partner
Adapodin P. Paporo Filipino Cagayan de Oro Limited Partner
Strawberry A. Luciniada Filipino Cagayan de Oro Limited Partner

ARTICLE IV.
That the term for which said partnership is to exist is 30 years fromthe original recording of said partnership by the
Securities and Exchange Commission.

ARTICLE V.
That the purpose for which said partnership is formed are as follows:
1. To conduct business related to graphics design and layouting including business promotion and advertising;
2. To conduct photography and videography services for all occasions; and
3. To engage in business related to computer buying and selling as well as computer repair services.

ARTICLE VI.
That the capital of the partnership shall be six hundred thousand, Philippine Currency contributed in cash by the partners
as follows:
Name Amount Contributed
Abdulharis P. Paporo P 225, 000.00
Norhanna P. Paporo P 225, 000.00
Adapodin P. Paporo P 75, 000.00
Strawberry A. Luciniada P 75, 000.00

That no transfer will reduce the ownership of Filipinos citizens to less than the required percentage of capital shall be
recorded in the paper books of the partnership.

ARTICLE VII.
That the profits and losses shall be divided pro-rata among the partners.

ARTICLE VIII.
That should there be any additional contribution made by a limited partner, such must be agreed upon by all the partners
in writing and duly recorded at least two (2) days after signing of same agreement. Such contribution shall amend Article
VI of the Articles of Partnership and in no case shall such amendment be done less than one (1) year after the original
recording of said partnership by the Securities and Exchange Commission.

ARTICLE IX.
That the contribution of each limited partner may be returned to him/ her three (3) years after the original recording of
said partnership by the Securities and Exchange Commission.
ARTICLE X.
That the limited partner may be given the right to substitute an assignee as contributor in his place, provided that he has
duly notified his partners in writing, stating the reasons therefore, five (5) days before effectivity of said substitution.
Provided further that such limited partner has already settled his obligations to the partnership prior to the notification of
substitution.

ARTICLE XI.
That a partner may admit an additional limited partner, provided that the other partners have been duly notified in
writing five (5) days before effectivity of admission and duly concurred by all the partners in writing.

ARTICLE XII.
That the remaining general partner or partners shall have the right to continue the business in cases of death, retirement,
civil interdiction, insanity or insolvency of a general partner.

ARTICLE XIII.
That the firm shall be under the management of Norhanna P. Paporo, as General Manager and as such she shall be in
charge of the management of the affairs of the partnership.

ARTICLE XIV.
That the partners willingly undertake to change the name of the partnership immediately upon receipt of notice/
directive from the Securities and Exchange Commission that another partnership, corporation, or person has been
declares misleading, deceptive, confusingly similar to a registered name or contrary to public morals, good customs or
public policy.

IN WITNESS WHEREOF, we have hereunto set our hands this 8 th day of September 2011 at Cagayan de Oro City,
Philippines.

(signed) (signed)
ABDULHARIS P. PAPORO NORHANNA P. PAPORO
TIN: TIN:

(signed) (signed)
ADAPODIN P. PAPORO STRAWBERRY A. LUCINIADA
TIN: TIN:

ACKNOWLEDGEMENT

Republic of the Philippines }


City of Cagayan de Oro } S. S.

BEFORE ME, a Notary Public, for and in Cagayan de Oro City, Philippines, this 8 th day of September, 2011, personally came
and personally appeared the following persons with their Community Tax Certificates as follows:
Name CTC # Date / Place Issued
Abdulharis P. Paporo Cagayan de Oro City
Norhanna P. Paporo Cagayan de Oro City
Adapodin P. Paporo Cagayan de Oro City
Strawberry A. Luciniada Cagayan de Oro City

Known to me to be the same persons who executed the FOREGOING ARTICLES OF PARTNERSHIP, and they acknowledged
to me that the same is their voluntary act and deed.

WITNESS MY HAND AND SEALon the date first above written.

(Name of legal Counsel)


Notary Public
Valid Until December 31, 2011
PTR. No.___________
IBP No.___________
Doc. No.:
Roll of Attorney No.___________
Page No.:
TIN___________
Book No.:
Cagayan de Oro City
Series of 2011

You might also like