What are the requirements for natural persons organizing a corporation regarding their number and qualifications?
A corporation may be organized by any person, partnership, association, or corporation, provided the total number of incorporators is not more than fifteen (15) (SEC. 10, Revised Corporation Code of the Philippines). If the incorporators are natural persons, they must be of legal age to participate. For a stock corporation, each incorporator must also own or be a subscriber to at least one (1) share of the capital stock, establishing a minimum equity interest. However, natural persons licensed to practice a profession, or their associated firms, are generally prohibited from organizing as a corporation, unless special laws provide an exception.
30 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
