Partnership (general or limited)Philippines
What it takes to form, own and run a general partnership in Philippines, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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ARTICLE 1816. All partners, including industrial ones, shall be liable pro rata with all
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ARTICLE 1767. By the contract of partnership two or more persons bind themselves to
The registry’s and the law’s own pages do not mention it.
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Filing fee: 1/5 of 1% of the Partnership`s capital but not less than P2,000.00 plus 1% of the amount as legal research fee
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Every corporation, partnership no matter how created or organized, joint stock companies, joint accounts, associations
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Required
- A resident director
- Does not apply
- Paying up the capital
- A contract of partnership with capital of PHP 3,000 or more must be in a public instrument recorded with the SEC.
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Every contract of partnership having a capital of three thousand pesos or
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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ARTICLE 1767. By the contract of partnership two or more persons bind themselves to
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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What are the BASIC requirements? 1. Cover Sheet 2. Reservation Payment Confirmation 3. Articles of Partnership (AP) 4. Joint Undertaking to Change Name
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Partnership (general or limited).
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Partnership (general or limited) are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Partnership (general or limited).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 20–25%
A business partnership is within the BIR's income-tax return duty for 'every corporation, partnership no matter how created or organized' and so is taxed as a domestic corporation (25%, or 20% under the small-corporation conditions); a general professional partnership files a return showing each partner's share and is not itself the taxpayer. How the partners are then taxed was not read.
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Every corporation, partnership no matter how created or organized, joint stock companies, joint accounts, associations
- CFC rules in Philippines
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution under Civil Code Art. 1830 (end of term, partners' will, and other causes).
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ARTICLE 1830. Dissolution is caused:
- Statutory fee
- Not in our records
Every business in Philippines
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Philippines.
Payment and banking services
1 service names Philippines on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- Partnership (general or limited)
- Identifier
- PH-PARTNERSHIPA form ISO 20275 does not list.