抖阴短视频

LLC Agreement Template for Philippines

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Key Requirements PROMPT example:

LLC Agreement

"I need an LLC Agreement for a Philippine tech startup with 40% foreign ownership, launching in March 2025, that includes provisions for employee stock options and special voting rights for tech development decisions."

Document background
The LLC Agreement, structured as a corporate agreement under Philippine law, serves as the foundational document for establishing and operating a corporation in the Philippines. This document is essential when forming a new business entity or restructuring an existing one, providing comprehensive guidelines for corporate governance and operations. It must comply with the Revised Corporation Code of the Philippines and related regulations, making it suitable for both domestic and foreign-owned enterprises (subject to foreign ownership restrictions). The agreement covers crucial aspects such as capital structure, management framework, shareholder rights, and operational procedures, while addressing specific requirements of Philippine corporate law, including mandatory corporate positions and compliance obligations.
Suggested Sections

1. Parties: Identification of all founding members/shareholders and the corporation itself

2. Background: Context of the corporation's formation and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement

4. Formation and Name: Details of corporation formation, registered name, and business purpose

5. Principal Office: Official registered address and provisions for branch offices

6. Capital Structure: Authorized capital stock, par value, and share classifications

7. Issuance of Shares: Procedures for share issuance, payment, and certificates

8. Rights and Obligations of Shareholders: Shareholder voting rights, obligations, and responsibilities

9. Board of Directors: Composition, qualifications, powers, and duties of the board

10. Officers: Appointment, roles, and responsibilities of corporate officers

11. Meetings: Procedures for shareholder and board meetings

12. Transfer of Shares: Rules and restrictions on share transfers

13. Financial Matters: Fiscal year, accounts, audits, and dividend policy

14. Confidentiality: Protection of corporate confidential information

15. Dissolution and Liquidation: Procedures for corporate dissolution and asset distribution

16. General Provisions: Miscellaneous legal provisions including amendments, notices, and governing law

Optional Sections

1. Foreign Ownership Provisions: Required if foreign investors are involved, detailing compliance with Philippine foreign ownership restrictions

2. Intellectual Property Rights: Needed if the corporation will develop or manage significant IP assets

3. Non-Competition and Non-Solicitation: Optional provisions restricting competitive activities by shareholders or officers

4. Tag-Along and Drag-Along Rights: Optional provisions for share transfer scenarios in case of sale to third parties

5. Deadlock Resolution: Recommended for corporations with equal shareholding to address potential voting deadlocks

6. Corporate Social Responsibility: Optional section outlining corporate commitments to social and environmental responsibilities

7. Employee Stock Option Plan: Required if the corporation plans to implement an ESOP

8. Branch Office Operations: Needed if the corporation plans to establish branch offices

Suggested Schedules

1. Schedule A - Initial Shareholders and Shareholdings: List of founding shareholders and their initial share subscriptions

2. Schedule B - Initial Officers and Directors: Names and positions of initial corporate officers and directors

3. Schedule C - Share Transfer Form: Standard form for documenting share transfers

4. Schedule D - Deed of Adherence: Template for new shareholders to agree to the LLC Agreement terms

5. Schedule E - Corporate Seal and Signature Specimens: Official corporate seal design and authorized signature specimens

6. Appendix 1 - Board Resolution Templates: Standard templates for common board resolutions

7. Appendix 2 - Meeting Procedures: Detailed procedures for conducting shareholder and board meetings

8. Appendix 3 - Financial Reporting Requirements: Specific requirements and templates for financial reporting

Authors

Alex Denne

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

Relevant legal definitions














































Clauses









































Relevant Industries

Technology

Manufacturing

Retail

Professional Services

Real Estate

Healthcare

Financial Services

Agriculture

Construction

Tourism and Hospitality

Education

Media and Entertainment

Transportation and Logistics

Energy and Utilities

Relevant Teams

Legal

Corporate Secretariat

Compliance

Finance

Board of Directors

Executive Management

Shareholder Relations

Risk Management

Corporate Affairs

Investment Relations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Corporate Secretary

Legal Counsel

Compliance Officer

Board Director

Managing Director

Corporate Lawyer

Business Development Manager

Investment Manager

Company Treasurer

Shareholder Relations Manager

Risk Management Officer

Corporate Governance Officer

Operations Director

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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