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Articles of Partnership For General Partnerships

This document outlines the articles of partnership for Under the Sea Restaurant. It establishes the partnership between Tiffany Shyn M. Ralo, Aubrey Joy P. Gonzaga, and Trinah Amor E. Mata. The principal place of business will be located in Bacolod City, Philippines. Tiffany Shyn M. Ralo will serve as general manager and be responsible for managing the partnership. The total capital contribution is 100,000 Philippine pesos with Ralo contributing 50,000 pesos, Gonzaga contributing 30,000 pesos, and Mata contributing 20,000 pesos. Profits and losses will be divided according to capital contribution ratios.

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197 views3 pages

Articles of Partnership For General Partnerships

This document outlines the articles of partnership for Under the Sea Restaurant. It establishes the partnership between Tiffany Shyn M. Ralo, Aubrey Joy P. Gonzaga, and Trinah Amor E. Mata. The principal place of business will be located in Bacolod City, Philippines. Tiffany Shyn M. Ralo will serve as general manager and be responsible for managing the partnership. The total capital contribution is 100,000 Philippine pesos with Ralo contributing 50,000 pesos, Gonzaga contributing 30,000 pesos, and Mata contributing 20,000 pesos. Profits and losses will be divided according to capital contribution ratios.

Uploaded by

tiffany shyn ralo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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General Partnership

ARTICLES OF PARTNERSHIP

OF

UNDER THE SEA RESTAURANT


_________________________________________________________

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned partners, all of legal age, residents and citizens of the
Philippines, have on this day voluntarily associated ourselves together for the purpose of
forming a general partnership under the following terms and conditions and subject to existing
and applicable laws of the Republic of the Philippines:

AND WE HEREBY CERTIFY:

ARTICLE I. Partnership Name: That the name of this partnership shall


be Under the SEA Restaurant and shall transact business under the said company name.

ARTICLE II. Business Purpose: That the purpose/s for which this partnership is
formed is/are:

1. To conduct business that sells sea foods.


2. To sell affordable sea foods.
3. To engage in business related to foods buying and selling as well as
selling sea food products.

ARTICLE III. Principal Place of Business: That the principal place of business of this
partnership shall be located at: 13th Lacson Street, Bacolod, Bacolod City, Negros

Occidental, Bacolod, Philippines, 6100

ARTICLE IV. Term of Existence: That this partnership shall have a term of until the
Partnership years from and after the original recording of its Articles of Partnership by the
Securities and Exchange Commission.

Articles of Partnership
ARTICLE V. Partners’ Circumstances: That the names, nationalities and complete
residence addresses of the partners are as follows:

Name Nationality Complete Residence Address


Tiffany Shyn M. Ralo Filipino Alfonso, Tagaytay

Aubrey Joy P. Gonzaga Filipino Toronto, Canada

Trinah Amor E. Mata Filipino Silang, Tagaytay

ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the
amount of ₱100,000.00 Philippine Currency, contributed in cash by the partners, as follows:

Name Amount Contributed

Tiffany Shyn M. Ralo ₱ 50,000.00

Aubrey Joy P. Gonzaga ₱ 30,000.00

Trinah Amor E. Mata ₱20,000.00

That no transfer of interest which will reduce the ownership of Filipino citizens to less
than the required percentage of capital as provided by existing laws shall be allowed or
permitted to be recorded in the proper books of the partnership.
ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership shall be
divided and distributed proportionately on the ratio of the capital contribution of each partner.

ARTICLE IX. Management: That this partnership shall be under Tiffany Shyn M.
Ralo, as General Manager, who shall be in charge of the management of the affairs of the
company. He shall have the power to use the partnership name and in otherwise performing
such acts as are necessary and expedient in the management of the firm and to carry out its
lawful purposes.

ARTICLE X. Undertaking to Change Name: That the partners undertake to change


the name of this partnership, as herein provided or as amended thereafter, immediately upon
receipt of notice or directive from the Securities and Exchange Commission that another
corporation, partnership or person has acquired a prior right to the use of that name or that the
name has been declared as misleading, deceptive, confusingly similar to a registered name, or
contrary to public morals, good customs or public policy.

Articles of Partnership
IN WITNESS WHEREOF, we have hereunto affixed our signatures this 14 th day of
October, 2019, at ________.

______________________ _______________________
(name of partner) (name of partner)
TIN TIN

______________________ _______________________
(name of partner) (name of partner)
TIN TIN

(Names and Signatures of the partners and TIN)

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)


____________________________) S.S.

BEFORE ME, a Notary Public, for and in _________________, this ____day of


_________, 20___, personally appeared the following persons:

Name TIN/ID/Passport No. Date & Place Issued

known to me and to me known to be the same persons who executed the foregoing Articles of
Partnership constituting of _____pages, including this page where the acknowledgement is
written, and they acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and place above written.

NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ______;
series of 20 ______.

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