Learn how a Philippine deed of dissolution, SEC filing, and public notice can help protect retiring partners from future partnership liability.
How Can a Deed of Dissolution Protect Retiring Partners? Read More »
This evidentiary tutorial shows informal business founders how to use bank transfers, emails, and operational conduct to legally prove they are co-owners.
How Can You Prove an Unwritten Business Partnership? Read More »
How Can a Partner Recover Capital After Withdrawal? Introduction Leaving a Philippine partnership does not ordinarily entitle a partner to an immediate refund of the amount originally contributed. The partner’s investment becomes part of the partnership’s property, and the amount ultimately recoverable depends on the partnership’s assets, liabilities, profits, losses, and governing agreement. A withdrawing
How Can a Partner Recover Capital After Withdrawal? Read More »
Learn when Philippine creditors may reach general partners’ personal bank accounts and when partnership veil piercing or charging orders may apply.
Can Creditors Reach General Partners’ Personal Assets? Read More »
Philippine law permits assignment of a partner’s profits, but the third-party assignee does not gain management or partner rights automatically.
Can a Partner Assign Profits Without Granting Management Rights? Read More »
Learn how Article 1801 of the Civil Code resolves disputes between managing partners, including majority voting, ties, authority, and court remedies.
How Can Two Managing Partners Resolve Operational Deadlocks? Read More »
Philippine law restricts industrial partners from operating outside businesses without express consent and allows exclusion, profit recovery, and damages.
Can an Industrial Partner Operate an Outside Business? Read More »
Philippine rules on partnership dissolution: pay external creditors first, settle partner claims, return capital if available, and divide remaining profits.
How Are Assets Distributed After Partnership Dissolution? Read More »
General partners may be personally liable for partnership debts, while limited partners are generally protected up to their contributions unless they control the business or violate statutory rules.
How Do General and Limited Partners Handle Debt? Read More »
Philippine partnership law generally requires unanimous consent before a new partner may be admitted, under delectus personae and Article 1804.
Can a Partner Unilaterally Admit a New Partner? Read More »
