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    Articles of Partnership

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    jonel sembrana
    The document forms a partnership between Juan Dela Cruz, Juan Tamad, Mark Santos, and Maria Makiling to operate a dental practice called J2M2 and Associates in Makati City, Philippines. The partners will provide various dental services and have contributed equal capital of 250,000 pesos each. Profits and losses will be shared based on capital contributions. Juan Dela Cruz will manage the practice as general manager. The partnership will exist for 25 years unless the name needs to be changed due to regulatory issues.

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    Articles of Partnership

    Uploaded by

    jonel sembrana
    61 views3 pages
    The document forms a partnership between Juan Dela Cruz, Juan Tamad, Mark Santos, and Maria Makiling to operate a dental practice called J2M2 and Associates in Makati City, Philippines. The partners will provide various dental services and have contributed equal capital of 250,000 pesos each. Profits and losses will be shared based on capital contributions. Juan Dela Cruz will manage the practice as general manager. The partnership will exist for 25 years unless the name needs to be changed due to regulatory issues.

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    Legal Forms Sample

    Original Title

    ARTICLES OF PARTNERSHIP

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    © © All Rights Reserved

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    The document forms a partnership between Juan Dela Cruz, Juan Tamad, Mark Santos, and Maria Makiling to operate a dental practice called J2M2 and Associates in Makati City, Philippines. The partners will provide various dental services and have contributed equal capital of 250,000 pesos each. Profits and losses will be shared based on capital contributions. Juan Dela Cruz will manage the practice as general manager. The partnership will exist for 25 years unless the name needs to be changed due to regulatory issues.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    61 views3 pages

    Articles of Partnership

    Uploaded by

    jonel sembrana
    The document forms a partnership between Juan Dela Cruz, Juan Tamad, Mark Santos, and Maria Makiling to operate a dental practice called J2M2 and Associates in Makati City, Philippines. The partners will provide various dental services and have contributed equal capital of 250,000 pesos each. Profits and losses will be shared based on capital contributions. Juan Dela Cruz will manage the practice as general manager. The partnership will exist for 25 years unless the name needs to be changed due to regulatory issues.

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    © All Rights Reserved
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    ARTICLES OF PARTNERSHIP

    OF

    J2M2 AND ASSOCIATES

    KNOW ALL MEN BY THESE PRESENTS:

    That we, the undersigned partners, all of legal age, residents and citizens of the
    Philippines, have on this day voluntarily associated ourselves together for the purpose of
    forming a general partnership under the following terms and conditions and subject to existing
    and applicable laws of the Republic of the Philippines:

    AND WE HEREBY CERTIFY:

    ARTICLE I. Partnership Name: That the name of this partnership shall


    be J2M2 AND ASSOCIATES and shall transact business under the said company name.

    ARTICLE II. Business Purpose: That the purposes for which this partnership is
    formed are:
    To provide any and all types of dental services to all residents and sojourners in
    Maetro Manila including but not limited to:

    1. Oral Prophylaxis
    2. Fillings and Restorations
    3. Tooth Extractions
    4. Odontectomy
    5. Root Canal Treatments
    6. Dental Sealants
    7. Orthodontic Treatments

    ARTICLE III. Principal Place of Business: That the principal place of business of this
    partnership shall be located at 143 J.P. Rizal St., Brgy. Poblacion, Makati City.

    ARTICLE IV. Term of Existence: That this partnership shall have a term of 25 years
    from and after the original recording of its Articles of Partnership by the Securities and
    Exchange Commission.

    ARTICLE V. Partners’ Circumstances: That the names, nationalities and complete


    residence addresses of the partners are as follows:
    Name Nationality Complete Residence Address

    JUAN DELA CRUZ FILIPINO 123 Obrero St. Olympia, Makati


    JUAN TAMAD FILIPINO 45 Obrero St. Olympia, Makati
    MARK SANTOS FILIPINO 11 Kamias St. Quezon City
    MARIA MAKILING FILIPINO 14 Valenzuela St., Makati City

    ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the
    amount of One Million Pesos (Php1,000,000.00), Philippine Currency, contributed in cash by
    the partners, as follows:

    Name Amount Contributed


    JUAN DELA CRUZ 250,000.00
    JUAN TAMAD 250,000.00
    MARK SANTOS 250,000.00
    MARIA MAKILING 250,000.00

    That no transfer of interest which will reduce the ownership of Filipino citizens to less
    than the required percentage of capital as provided by existing laws shall be allowed or
    permitted to be recorded in the proper books of the partnership.
    ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership shall be
    divided and distributed proportionately on the ratio of the capital contribution of each partner.

    ARTICLE IX. Management: That this partnership shall be under Juan Dela Cruz,
    as General Manager, who shall be in charge of the management of the affairs of the company.
    He shall have the power to use the partnership name and in otherwise performing such acts as
    are necessary and expedient in the management of the firm and to carry out its lawful
    purposes.

    ARTICLE X. Undertaking to Change Name: That the partners undertake to change


    the name of this partnership, as herein provided or as amended thereafter, immediately upon
    receipt of notice or directive from the Securities and Exchange Commission that another
    corporation, partnership or person has acquired a prior right to the use of that name or that the
    name has been declared as misleading, deceptive, confusingly similar to a registered name, or
    contrary to public morals, good customs or public policy.

    IN WITNESS WHEREOF, we have hereunto affixed our signatures this 5th day of
    October 2022, at Makati City.
    ______________________ _______________________
    JUAN DELA CRUZ JUAN TAMAD
    TIN: 123-456-789 TIN: 987-654-321

    ______________________ _______________________
    MARK SANTOS MARIA MAKILING
    TIN: 234-421-435 TIN: 678-431-547

    ACKNOWLEDGEMENT

    REPUBLIC OF THE PHILIPPINES)


    CITY OF MAKATI) S.S.

    BEFORE ME, a Notary Public, for and in Makati City, this 5th day of October 2021,
    personally appeared the following persons:

    Name TIN Date & Place Issued


    MARK SANTOS 123-456-789-000 9/11/2018/QUEZON CITY
    JUAN DELA CRUZ 987-654-321-000 6/15/2020/MAKATI CITY
    MARIA MAKILING 542-532-654-000 7/11/2021/MAKATI CITY
    JUAN TAMAD 143-442-242-000 5/10/2022/MAKATI CITY

    known to me and to me known to be the same persons who executed the foregoing Articles of
    Partnership constituting of 3 pages, including this page where the acknowledgement is written,
    and they acknowledged to me that the same is their free and voluntary act and deed.

    WITNESS MY HAND AND SEAL on the date and place above written.

    NOTARY PUBLIC
    Doc. No. 001;
    Page No. 001;
    Book No. 003;
    series of 2022.

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