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Articles of Partnership

This document outlines the articles of partnership for The Law Firm of Lumacad, Montejo, Opena and Pagantian. It establishes the name of the partnership, its purpose of providing legal advice, its principal place of business in Davao City, Philippines, and a term of existence of 30 years. It identifies the four partners, their nationalities, addresses, and capital contributions totaling 4.25 million Philippine pesos. Profits and losses will be shared proportionately based on capital contributions. Flexner Lumacad will serve as general manager to manage the partnership's affairs.

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Jem Pagantian
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2K views3 pages

Articles of Partnership

This document outlines the articles of partnership for The Law Firm of Lumacad, Montejo, Opena and Pagantian. It establishes the name of the partnership, its purpose of providing legal advice, its principal place of business in Davao City, Philippines, and a term of existence of 30 years. It identifies the four partners, their nationalities, addresses, and capital contributions totaling 4.25 million Philippine pesos. Profits and losses will be shared proportionately based on capital contributions. Flexner Lumacad will serve as general manager to manage the partnership's affairs.

Uploaded by

Jem Pagantian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ARTICLES OF PARTNERSHIP

OF

The Law Firm of Lumacad, Montejo, Opena and Pagantian


(Partnership Name)

KNOW  ALL MEN BY THESE PRESENTS:

That   we,  the undersigned  partners, all  of  legal age,  residents  and 
citizens  of   the Philippines, have on this day voluntarily associated ourselves
together for the purpose of forming a general partnership under the following
terms and conditions and subject to existing and applicable laws of the
Republic of the Philippines:

AND WE HEREBY CERTIFY:

ARTICLE I.  Partnership Name:  That       the    name    of    this    partnership 
shall   be 
The Law Firm of Lumacad, Montejo, Opena and Pagantian
and shall transact business under the said company name. 

           ARTICLE II. That the purposes for which partnership is formed are:

The primary service is to advice our clients, whether they are individuals or
companies, about anything concerning law. 

ARTICLE III. Principal Place of Business:  That the principal place of business
of this partnership shall be located at :
2nd floor Door A Price building, Bonifacio Street, 8000 Davao City, Philippines

ARTICLE IV.  Term of Existence:  That this partnership shall have a term of
___30______ years from and after the original recording of its Articles of
Partnership by the Securities and Exchange Commission. 

            ARTICLE V. Partners’ Circumstances: That the names, nationalities


and complete residence addresses of the partners are as follows:

            Name                                Nationality                        Complete


Residence Address                 

    Flexner Lumacad Filipino Kidapawan City, North Cotabato


Glorilyn Montejo Filipino Panacan, Davao City

Kate Diane Opena Filipino Bunawan, Davao City


Jemelyn Pagantian Filipino Mintal, Davao City
            ARTICLE VI.  Capital Contributions:  That the capital of this
Partnership shall be the amount of _Four million two hundred fifty 
thousand_(P_4, 250,000_), Philippine Currency, contributed in cash by the
partners, as follows:

                          Name                                                                         Amount
Contributed 
      
Flexner Lumacad Php1,000,000
           Glorilyn Montejo       Php 850,000

Kate Diane Opena        Php 900,000


           Jemelyn Pagantian        Php 1,500,000
           That no transfer of interest which will reduce the ownership of Filipino
citizens to less than the required percentage of capital as provided by existing
laws shall be allowed or permitted to be recorded in the proper books of the
partnership. 

              ARTICLE VII. Sharing Ratios:  That the profits and losses of this
partnership shall be divided and distributed proportionately on the ratio of the
capital contribution of each partner.

              ARTICLE IX.  Management:   That this partnership shall be under


___Flexner Lumacad_______, as General Manager, who shall be in charge of
the management of the affairs of the company.  He shall have the power to
use the partnership name and in otherwise performing such acts as are
necessary and expedient in the management of the firm and to carry out its
lawful purposes. 

              ARTICLE X. Undertaking to Change Name:  That the partners


undertake to change the name of this partnership, as herein provided or as
amended thereafter, immediately upon receipt of notice or directive from the
Securities and Exchange Commission that another corporation, partnership or
person has acquired a prior right to the use of that name or that the name has
been declared as misleading, deceptive, confusingly similar to a registered
name, or contrary to public morals, good customs or public policy. 

              IN WITNESS WHEREOF, we have hereunto affixed our signatures


this _14___ day of ____November__,2020_, at __Davao City______.

            
         _Flexner Lumacad__                                                             Glorilyn
Montejo
                 (name of partner)                                                                 (name of
partner)
               TIN     18745378                                                                  TIN
89754907
             Kate Diane G. Opena                                                         Jemelyn
Pagantian
                 (name of partner)                                                                       
(name of partner)
              TIN     08744378                                                                     TIN 
00750907

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