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XIV PARTNERSHIP
Form No. 2--Articles of Partnership
Limited Partnership
(Articles of
Partnership Limited Partnership)
ARTICLES OF PARTNERSHIP
of
__________________________, LTD.
KNOW ALL MEN BY THESE PRESENTS:
That we, __Co-Partner
1__,
(single / married / widow), and
__Co-Partner
2__,
(single / married / widow), and
__Co-Partner
3__,
(single / married / widow), all
Filipinos, of legal ages, and residents of
_____________, Philippines, have
on this day, covenanted to establish a limited partnership, in
accordance with the laws of the Republic of the Philippines, under
the following terms and conditions:
1. That the name of this Co-Partnership shall
be _____________, LTD. and it
shall exist for _____________
(_____) years from the
execution of this instrument, with the right of transfer or
retirement of any partner provided written notice and approval are
made to and by the others;
2. That the names and addresses of the
respective co-partners are as follows:
Name
Address
_______________
(General Partner)
__________________________
_______________
(Limited Partner)
__________________________
_______________
(Limited Partner)
__________________________
3. That the initial capital of this
Co-Partnership shall be _____________
(P_________), Philippine
Currency, broken down, in contributions, as follows:
Name of Co-Partner Contribution
________________ P_____________
________________ P_____________
________________ P_____________
4. That the purpose(s)
for which this partnership is established
(is/are) as follows:
__________________________;
5. __Co-Partner
1__ shall be
designated as the General Manager of the Partnership, who shall
perform such acts and enter into transactions as may be necessary,
in the name of the partnership, for the conduct of its business; and
who shall receive a monthly salary of P_____________;
6. That the profits and losses shall be divided
among the partners as follows:
Name
_______________ (50%)
_______________ (25%)
_______________ (25%)
IN WITNESS WHEREOF, we have hereunto set
our hands this _____________
at _____________, Philippines
(SIGNATURES OF PARTNERS)
SIGNED IN THE PRESENCE OF:
__________________ __________________
(ACKNOWLEDGMENT)
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