Articles Of Partnership Essay Sample

That we. the undersigned. all of legal age and occupants of the Republic of thePhilippines have agreed to amend a limited partnership under the footings and conditionsherein set Forth and capable to the commissariats of bing Torahs of the Republic of thePhilippines. AND WE HEREBY CERTIFY: Article I.

That the name of the partnership shall be: ZY Creative Ideas. Ltd. ARTICLE II.
That the chief office of the Partnership shall be located at # 19Scions. Canitoan. Cagayan de Oro City. Philippines. ARTICLE III.
That the names. citizenship. abode and appellation of thepartners of said partnership are as follows: Name Citizenship Residence Designation
Abdulharis P. Paporo Filipino Cagayan de Oro General PartnerNorhanna P. Paporo Filipino Cagayan de Oro General PartnerAdapodin P. Paporo Filipino Cagayan de Oro Limited PartnerStrawberry A. Luciniada Filipino Cagayan de Oro Limited Partner ARTICLE IV.


That the term for which said partnership is to be is 30 old ages fromthe original recording of said partnership by the Securities and Exchange Commission. ARTICLE V.
That the intent for which said partnership is formed are asfollows:1. To carry on concern related to GRAPHICS DESIGN and layouting includingbusiness publicity and advertisement ; 2. To carry on picture taking and videography services for all occasions ; and

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3. To prosecute in concern related to computing machine purchasing and merchandising every bit good asCOMPUTER REPAIR SERVICES. ARTICLE VI.
That the capital of the partnership shall be six hundred 1000. Filipino Currency contributed in hard currency by the spouses as follows: Name Amount Contributed
Abdulharis P. Paporo P 225. 000. 00Norhanna P. Paporo P 225. 000. 00Adapodin P. Paporo P 75. 000. 00Strawberry A. Luciniada P 75. 000. 00That no transportation will cut down the ownership of Filipinos citizens to less than therequired
per centum of capital shall be recorded in the paper books of the partnership. ARTICLE VII.



That the net incomes and losingss shall be divided pro-rata among thepartners. ARTICLE VIII.
That should at that place be any extra part made by a limitedpartner. such must be agreed upon by all the spouses in authorship and duly recorded atleast two ( 2 ) yearss after sign language of same understanding. Such part shall amendArticle VI of the Articles of Partnership and in no instance shall such amendment be doneless than one ( 1 ) twelvemonth after the original recording of said partnership by the Securitiesand Exchange Commission. ARTICLE IX.

That the part of each limited spouse may be returned tohim/ her three ( 3 ) old ages after the original recording of said partnership by the Securitiesand Exchange Commission. ARTICLE X. That the limited spouse may be given the right to replace anassignee as subscriber in his topographic point. provided that he has punctually notified his spouses inwriting. saying the grounds therefor. five ( 5 ) yearss before effectiveness of said permutation. Provided further that such limited spouse has already settled his duties to thepartnership prior to the presentment of permutation.

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