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Articles Of Incorporation For Sole Proprietorship

Articles Of Incorporation For Sole Proprietorship Template for Philippines

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Articles Of Incorporation For Sole Proprietorship

"I need Articles of Incorporation for a Sole Proprietorship in the Philippines for my new retail clothing store, with initial capital of PHP 500,000, to be registered by January 2025, and operating in Metro Manila."

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Document background
Articles of Incorporation for Sole Proprietorship in the Philippines serve as the founding document for individual business owners establishing their enterprises. While sole proprietorships don't technically incorporate (they register with the DTI instead of the SEC), this document provides a comprehensive framework for the business's establishment and operation. It's typically used when an individual wants to formally establish a business under their sole ownership and management. The document includes crucial information such as business name, owner details, capital investment, business purpose, and operational procedures. It must align with Philippine regulations, particularly the Business Name Law and DTI requirements. This document is essential for business registration, opening bank accounts, obtaining permits, and establishing business relationships with suppliers and customers.
Suggested Sections

1. Article I - Business Name and Owner Information: States the registered business name, owner's full legal name, citizenship, and residential address

2. Article II - Principal Office and Branches: Specifies the main business address and any branch locations

3. Article III - Business Purpose: Detailed description of the nature of business and primary activities

4. Article IV - Capital Investment: Declaration of initial capital investment and source of funds

5. Article V - Management Structure: Details of business management, including owner's role and any designated managers

6. Article VI - Fiscal Year and Accounting: Specifies the fiscal year and basic accounting practices

7. Article VII - Compliance Declarations: Statements of compliance with Philippine laws and regulations

8. Article VIII - Amendment Provisions: Procedures for modifying the document

9. Article IX - Dissolution: Procedures for business closure and asset distribution

Optional Sections

1. Article on Succession Planning: Used when the owner wants to establish clear guidelines for business succession in case of death or incapacity

2. Article on Intellectual Property: Required when the business owns or plans to develop significant intellectual property

3. Article on Foreign Operations: Needed for businesses planning to engage in international trade or operations

4. Article on Environmental Compliance: Required for businesses in industries with environmental impact

5. Article on Employee Management: Important for businesses planning to hire multiple employees

Suggested Schedules

1. Schedule A - Asset Inventory: Detailed list of initial business assets and their values

2. Schedule B - Operating Licenses and Permits: List of all required permits and their status

3. Schedule C - Key Business Contracts: Summary of important business agreements and relationships

4. Schedule D - Insurance Coverage: Details of business insurance policies

5. Appendix 1 - DTI Registration Documents: Copies of business name registration and DTI certificates

6. Appendix 2 - Tax Registration Documents: Copies of BIR registration and tax compliance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses

























Relevant Industries

Retail

Food and Beverage

Professional Services

Manufacturing

Technology

Agriculture

Construction

Healthcare

Education

Tourism

Transportation

Real Estate

E-commerce

Consulting

Relevant Teams

Legal

Compliance

Finance

Tax

Operations

Administration

Corporate Governance

Business Development

Risk Management

Relevant Roles

Business Owner

Entrepreneur

Legal Counsel

Business Lawyer

Compliance Officer

Business Development Manager

Financial Controller

Accountant

Tax Consultant

Business Registration Specialist

Corporate Secretary

Operations Manager

General Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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