Learn how a general partner’s insolvency affects partnership dissolution, winding up, creditor claims, and continuation under Philippine law.
How Does a General Partner’s Bankruptcy Affect the Business? Read More »
Learn when partnership by estoppel creates personal liability to outside creditors and how Philippine law may support or defeat the claim.
Can Partnership by Estoppel Make You Personally Liable? 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 »
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 »
In doing business, there are various forms of business entities to consider, the most common forms of which are 1) single proprietorships, 2) corporations, and c) partnerships. A single proprietorship is a business operated by a single individual. Registration of single proprietorships would take between 1-2 days, and the documentary requirements of the Department of
Sole Proprietorship, Corporation or Partnership: Choosing your business enterprise Read More »
If you are interested in engaging in business or practicing your profession with some colleagues, a partnership may be the proper vehicle. The Philippine Civil Code provides for a definition of a partnership as follows: Art. 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to
How to Form a Partnership in the Philippines Read More »
