Requirements for incorporation

Requirements for Incorporation

Requirements for Incorporation

Basic Information

Please give 3 options for name reservation, in order of priority
Please give 3 options for name reservation, in order of priority
Please give 3 options for name reservation, in order of priority

Incorporator/Stockholders' Details

 

INCORPORATOR 1
 
INCORPORATOR 2
 
INCORPORATOR 3
 
INCORPORATOR 4
 
INCORPORATOR 5

Incorporator/Stockholders' Details

 

OFFICERS:

PRESIDENT

Citizenship Requirement: Not explicitly required.
Owner of Shares Requirement: Must be a director
Residency Requirement: Not required.
Key Responsibilities:
- Leading the corporation.
- Making major corporate decisions.
- Overseeing the entire operation.
- Implementing the corporation's goals and policies.

 
TREASURER

Citizenship Requirement: Not required.
Owner of Shares Requirement: Not required.
Residency Requirement: Must be a resident of the Philippines.
Key Responsibilities:
- Managing the corporation’s finances.
- Financial planning.
- Management of financial risks.
- Record-keeping.
- Financial reporting.

 
CORPORATE SECRETARY
Citizenship Requirement: Must be a Filipino citizen.
Owner of Shares Requirement: Not required.
Residency Requirement: Not explicitly stated in the Revised Code, but practicality suggests presence in the Philippines due to the nature of the duties.
 
Key Responsibilities:
- Keeping records.
- Ensuring compliance with legal and regulatory requirements.
- Communicating with shareholders.
- Managing corporate governance documents.
 

Additional Notes:

  • President cannot be the Corporate Secretary to ensure separation of executive leadership and compliance roles.
  • President cannot be the Treasurer to prevent conflicts of interest and ensure independent financial management.
  • Corporate Secretary and Treasurer: While not explicitly prohibited from being the same person, careful consideration should be given to potential conflicts of interest and the effective fulfillment of both roles' responsibilities.
 

Requirements for Incorporation

DOCUMENTS NEEDED FROM CLIENT

 

SEC/ LGU/ BIR
SEC/ LGU/ BIR
SEC/ LGU/ BIR
LGU/ BIR
LGU
LGU