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A Formation Document officially brings a business or organization to life in the Philippines. It's the foundational paperwork you file with the Securities and Exchange Commission (SEC) to create your corporation, partnership, or organization. Think of it as your company's birth certificate - it establishes your legal identity and right to operate.

The document outlines essential details like your business name, location, purpose, capital structure, and ownership. For corporations, this means your Articles of Incorporation, while partnerships use Articles of Partnership. Under Philippine law, you must file these papers before conducting any business activities, and they become public record once approved by the SEC.

You need a Formation Document the moment you decide to start a business in the Philippines. This crucial first step comes before signing contracts, hiring employees, or opening bank accounts. The SEC requires this document to recognize your company as a legal entity and grant you the authority to conduct business operations.

File your Formation Document when launching a corporation, partnership, or foundation. It's essential for raising capital, bidding on government contracts, and protecting personal assets through limited liability. Many banks and potential investors will ask to see this document before doing business with you, making it a gateway to financial opportunities.

• Articles of Incorporation: The standard Formation Document for corporations in the Philippines, detailing capital structure, shares, and corporate officers
• Articles of Partnership: Used when establishing partnerships, outlining partner contributions, profit sharing, and management rights
• Articles of Organization: Required for Limited Liability Companies, combining corporate and partnership features
• Non-Stock Corporation Papers: Specific version for non-profit organizations, foundations, and associations
• One Person Corporation Documents: Streamlined format for single-owner businesses under the Revised Corporation Code

• Business Founders: Primary users who draft and sign the Formation Document to establish their company legally
• Corporate Lawyers: Review and finalize the document's content, ensuring compliance with Philippine corporation laws
• SEC Officials: Evaluate and approve Formation Documents before granting business registration
• Corporate Officers: Named in the document as key position holders, with specific roles and responsibilities
• Shareholders/Partners: Listed stakeholders whose rights and ownership percentages are defined in the document
• Banks and Investors: Reference the document when opening accounts or considering business investments

• Business Details: Prepare your proposed company name, business address, and nature of operations
• Capital Structure: Determine authorized capital stock, par value, and subscription amounts
• Ownership Information: List all incorporators with their complete details and shareholdings
• Corporate Officers: Identify your president, treasurer, corporate secretary, and board members
• Tax Requirements: Gather TIN numbers and valid government IDs of all incorporators
• Document Review: Use our platform to generate a legally-sound Formation Document that meets SEC requirements
• Notarization: Prepare for document signing in front of a Philippine notary public

• Corporate Name: Unique business name with required suffix (e.g., Corporation, Inc.)
• Primary Purpose: Clear statement of main business activities and scope
• Capital Structure: Authorized capital stock, par value, and subscription details
• Principal Office: Complete registered business address in the Philippines
• Corporate Term: Duration of corporate existence (can be perpetual)
• Board Composition: Number of directors and their qualifications
• Incorporator Details: Names, nationalities, and addresses of founders
• Treasurer's Affidavit: Sworn statement of paid-up capital
• Execution Clause: Signature blocks for incorporators and witnesses

A Formation Document differs significantly from a Corporate Governance Document, though both play crucial roles in Philippine business operations. While Formation Documents establish your company's legal existence, Corporate Governance Documents guide how your established company operates and makes decisions.

• Timing and Purpose: Formation Documents are required at business creation, while Corporate Governance Documents come into play after establishment to manage ongoing operations
• Legal Requirements: Formation Documents need SEC approval to be valid, while Corporate Governance Documents are internal policies that can be modified as needed
• Content Focus: Formation Documents outline basic structure and ownership, while Corporate Governance Documents detail management procedures, board responsibilities, and compliance protocols
• Modification Process: Changes to Formation Documents require SEC filing and approval, while governance policies can be updated through board resolution