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  • Affidavit of No Income for Business

    Make a statement under oath that your business has no income for a certain period.

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    An Affidavit of No Income is a written statement under oath by an authorized representative of the business (the “affiant”) that the business does not have any income for a certain period.

  • Affidavit of Self-Adjudication of the Estate

    Make a statement under oath adjudicating to yourself the entire estate as the sole heir of the deceased

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    An Affidavit of Self-Adjudication is a written statement under oath by a sole heir (the “affiant”) where he declares that he is the only heir of the deceased and is adjudicating the entire inheritance to himself.

  • Articles of Incorporation for Stock Corporations

    Incorporate a domestic stock corporation

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    The Articles of Incorporation is a document needed to form and register a corporation with the Securities and Exchange Commission (SEC) of the Philippines. The Articles of Incorporation acts as the charter of the corporation and contains its most basic details (i.e. name, address, purpose).

    Once the Articles of Incorporation and the required supporting documents are submitted to the SEC, the SEC will issue the Certificate of Incorporation formally recognizing the corporation as an artificial person created by law (i.e. given legal personality).

    Please note that the SEC may require additional supporting documents to register the corporation such as; (a) cover sheet (available here); (b) name verification slip (may be secured online from the SEC or at the SEC’s Name Verification Unit); (c) by-laws; (d) treasurer’s affidavit; and, if necessary (e) endorsement from other government agencies. Please check here for more information regarding these requirements that may apply to your business.

  • By-Laws for Stock Corporations

    Prepare the corporation's internal rules for its governance and management of stockholders and directors

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    In addition to the Articles of Incorporation which is required for every corporation, the corporation must also have By-Laws. The Articles of Incorporation is the corporation’s charter and contains its most basic information. On the other hand, the By-Laws contain provisions for the corporation’s internal government and for the management of its stockholders as well as those having the direction, management and control of the corporation.

    The Revised Corporation Code of the Philippines allows the By-Laws to be submitted to the SEC after the issuance of the Certificate of Incorporation. In practice though, the By-Laws are submitted together with the Articles of Incorporation for approval by the SEC.

    If the By-Laws will be submitted after incorporation, the approval of stockholders representing at least a majority of the outstanding capital stock must be obtained.  The approval of the majority of directors must also be obtained. If the By-Laws will be submitted prior to incorporation, the By-Laws should be approved and signed by all the incorporators and submitted to the SEC together with the Articles of Incorporation. This By-Laws is intended to be submitted together with the Articles of Incorporation as is usual practice.

  • Cancellation of Chattel Mortgage

    Cancel an existing mortgage over movable property (i.e. vehicle, jewelry)

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    A Cancellation of Chattel Mortgage is a creditor’s (the “mortgagee”) declaration cancelling the mortgage executed in his favor by the debtor (the “mortgagor”) over certain movable property.  Movable property is generally all things that can be transferred from one place to another (i.e. car, phone).  If the property is attached to immovable property it can be removed without damaging the immovable property 

    Once the mortgage is cancelled the property is no longer considered as security for the debt and the mortgagee cannot foreclose the property.

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