(Articles of Partnership Limited Partnership)

ARTICLES OF PARTNERSHIP
of
__________________________, LTD.
KNOW ALL MEN BY THESE PRESENTS:
That we, __Co-Partner 1__, (single / married / widow), and __Co-Partner 2__,
(single / married / widow), and __Co-Partner 3__, (single / married / widow),
all Filipinos, of legal ages, and residents of _____________, Philippines, have
on this day, covenanted to establish a limited partnership, in accordance with
the laws of the Republic of the Philippines, under the following terms and
conditions:
1. That the name of this Co-Partnership shall be _____________, LTD. and it
shall exist for _____________ (_____) years from the execution of this
instrument, with the right of transfer or retirement of any partner provided
written notice and approval are made to and by the others;
2. That the names and addresses of the respective co-partners are as follows:
Name Address
_______________ (General Partner)__________________________
_______________ (Limited Partner)__________________________
_______________ (Limited Partner)__________________________
3. That the initial capital of this Co-Partnership shall be _____________
(P_________), Philippine Currency, broken down, in contributions, as follows:
Name of Co-Partner Contribution
________________P_____________
________________P_____________
________________P_____________
4. That the purpose(s) for which this partnership is established (is/are) as
follows: __________________________;
5.__Co-Partner 1__ shall be designated as the General Manager of the
Partnership, who shall perform such acts and enter into transactions as may
be necessary, in the name of the partnership, for the conduct of its business;
and who shall receive a monthly salary of P_____________;
6. That the profits and losses shall be divided among the partners as follows:
Name
_______________ (50%)
_______________ (25%)
_______________ (25%)
IN WITNESS WHEREOF, we have hereunto set our hands this
_____________ at _____________, Philippines
(SIGNATURES OF PARTNERS)
SIGNED IN THE PRESENCE OF:
_________________ _________________
(ACKNOWLEDGMENT)