Setting Up A Dummy Corporation Essay

Setting Up A Dummy Corporation Essay-51
However, there are practices of professions allowed now in corporate form as follow a)Practice of architecture b)Practice of interior design c)Practice of real estate services d)Practice of customs brokerage This is the total amount of shares a corporation is allowed to issue if the shares have a par value.If the shares do not have a par value, the corporation does not have an authorized capital stock but it has an authorized number of shares it may issue. Under the Corporation Code, at least 25% of the amount subscribed must be paid-up and in no case be less than Five Thousand (P5,000.00) Pesos.i)If it be a non-stock corporation, the amount of its capital, the names, nationalities of the contributors and the amount contributed by each j)The name of the treasurer-in-trust k)Tranfer clause l)Such other matters as are not inconsistent with law and which the incorporators may deem necessary and convenient Yes.

However, there are practices of professions allowed now in corporate form as follow a)Practice of architecture b)Practice of interior design c)Practice of real estate services d)Practice of customs brokerage This is the total amount of shares a corporation is allowed to issue if the shares have a par value.If the shares do not have a par value, the corporation does not have an authorized capital stock but it has an authorized number of shares it may issue. Under the Corporation Code, at least 25% of the amount subscribed must be paid-up and in no case be less than Five Thousand (P5,000.00) Pesos.i)If it be a non-stock corporation, the amount of its capital, the names, nationalities of the contributors and the amount contributed by each j)The name of the treasurer-in-trust k)Tranfer clause l)Such other matters as are not inconsistent with law and which the incorporators may deem necessary and convenient Yes.

Tags: Simple Essay OutlineThe Office EssayBest Business Plan FormatCollege Essay Reference PageNetwork Management Research PaperEssay Multiple Choice QuizCivil War Research Papers

Duplicate original or certified true copies of any deed, conveyance, mortgage, lease or other voluntary instrument affecting the property recorded in the Register of Deeds for the province or city where the land is situated 7.The foregoing amount however shall not apply, if there is a law, rule or regulation of other regulatory agencies requiring a higher minimum paid-up capital. 62 of the Corporation Code, stocks shall not be issued for a consideration less than the par or issued price thereof.Consideration for the issuance of stock may be any or a combination of any two or more of the following: (1)Actual cash paid to the corporation; (2)Property, tangible or intangible, actually received by the corporation and necessary or convenient for its use and lawful purposes at a fair valuation equal to the par or issued value of the stock issued; (3)Labor performed for or services actually rendered to the corporation; (4)Previously incurred indebtedness of the corporation; (5)Amounts transferred from unrestricted retained earnings to stated capital; and (6)Outstanding shares exchanged for stocks in the event of reclassification or conversion.After confirmation, applicant must secure a Reservation Payment Confirmation.A mere Reservation Notice is not sufficient for the acceptance of any application for registration, or change of name of a corporation or partnership.Non-confirmation of reservation within the specified period will forfeit the online reservation.Confirmation is required because the Corporation Code of the Philippines, Sec.All incorporators must be natural persons, of legal age, their number must be at least five (5) and not more than fifteen (15), every incorporator is subscriber of at least one share, and majority of the incorporators are residents of the Philippines.For a stock corporation, the number of directors must be at least five (5) but not more than fifteen (15).A corporation with authorized capital stock dividend into shares of stock either with or without par value.A stock corporation is engaged in income generating activities and is authorized to declare dividends. It is organized for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social civil service, or similar purposes, like trade, industry, agricultural and like chambers, or any combinations thereof.

SHOW COMMENTS

Comments Setting Up A Dummy Corporation Essay

The Latest from mediashkola-plus.ru ©