How to Register Business Partnerships with the SEC

The Philippine Civil Code defines partnership as: Art. 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. In the same manner, two or more persons may also form a partnership for the exerciseContinue reading “How to Register Business Partnerships with the SEC”

How to Register Business Partnerships with the SEC

The Philippine Civil Code defines partnership as: Art. 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. In the same manner, two or more persons may also form a partnership for the exerciseContinue reading “How to Register Business Partnerships with the SEC”

How to Register Non-stock Corporations with the SEC

A non-stock corporation is formed for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social, civic service, or other similar purposes.  It does not generate profit and is exempted from income tax on donations, gifts, and grants as long as they are: Organized exclusively for any of the above-mentioned purposes and No part of theirContinue reading “How to Register Non-stock Corporations with the SEC”

How to Register Corporations and Partnerships at the SEC

To establish corporations and partnerships in the Philippines, investors or business-owners first need to have their business registered with the Securities and Exchange Commission (SEC).  It is one way of legitimizing your business in order for you to legally engage in trading shares of stocks and financial assets. There are four types of corporations, asContinue reading “How to Register Corporations and Partnerships at the SEC”

The SEC Express Nationwide Submission (SENS)

Section 141 of the Corporation Code of the Philippines requires a corporation, lawfully doing business in the Philippines, to submit to SEC an annual report of its operations, together with a financial statement of its assets and liabilities covering the preceding fiscal year. The report shall be submitted within the prescribed period to SEC. InContinue reading “The SEC Express Nationwide Submission (SENS)”

The SEC Express System: Making Corporate and Partnership Documents More Accessible to the Public

In August 2014, the Securities and Exchange Commission (SEC) launched the SEC Express System as an alternative means to request for and receive copies of Corporate and Partnership documents. Through this service, the public now has the option to simply order for the copies they need and have it delivered to them, instead of goingContinue reading “The SEC Express System: Making Corporate and Partnership Documents More Accessible to the Public”