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Butsoy

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You are one very helpful person cdma and you are very fortunate genius8. Now you don't have to go to SEC to find out if you can do it on your own. Hope you haven't gone yet. Never would have thought you'd get such a comprehensive reply to your query taking into consideration the length of time that has elapsed since then. More power to you cdma.

 

Thanks redax... However, you are too generous with your compliments. We want foreign investors to do business here, don't we? :cool:

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You are one very helpful person cdma and you are very fortunate genius8. Now you don't have to go to SEC to find out if you can do it on your own. Hope you haven't gone yet. Never would have thought you'd get such a comprehensive reply to your query taking into consideration the length of time that has elapsed since then. More power to you codammanus.

 

 

Yes, cdma gave you the full reply - great one too. If you do decide to go to the SEC, ask for the express lane form - that is a complete "kit" of incorporation papers. That way, you do not have to draft everything yourself. Note that the express lane form can usually answer for the usual types of corporations. What kind of company do you intend to form, if you don't mind my asking?

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I would like to thank the 3 gentlemen who provided complete insights. It seems the requirements have not yet changed for the last 20 years. I was trying to decide whether a Corporation would be better or just a Simple Business Partnership would suffice. I like the financial & legal protection offered by a Corporation since it is a separate Legal Entity.

 

My longtime friend has convinced me to invest several smalls over the last 10 years, and recently I invested an amount of money into a joint venture w/ him to start a fish farm raising tilapia. We are currently undergoing construction to convert the rice farmland into a fishpond. I already had a long pipe and deep well dug several years ago, with matching engine to pump water.

 

I am thinking about formalizing the venture and making a business plan for the future, hence, the question about Corporation or Partnership. Thanks to all for your input.

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m thinking of a topic for my legal thesis...i want to tackle BLOGGING ....any issue aside from admissibility as evidence? i want to handle accountability of BLOGGERS sana in general ..is it legally feasible and defendable

 

a BLOG is like an internet newsletter right? If it can be published and passed around, why not check the criminal issues - e.g. libel through internet BLOGGING.

 

Just make sure you focus your thesis on one or a few issues only as you can easily lose focus and then lose control of your topic. good luck.

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Too many song revivals of foreign songs...

 

Bad revivals:

 

Buratney Spears version of The Rolling Stones' I Can't Get No Satisfaction

Buratney Spears version of Bobby Brown's My Prerogative

 

 

Overload of song revivals from local artists...

 

They claim that royalties are not enough to pay for their creativity which results in no motivation to create new original compositions.

 

Baloney!

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hey there, just thought you might be interested in this info.

 

Globelines Broadband postpaid internet subscription is currently giving out a 50% discount on its monthly rates on selected areas until August 31, 2005.

 

We are also looking for Potential Business Partners who could reffer potential subscribers on a part time or full time basis. There is no cash investment as a Business Partner. All you have to do is send us refferals of people who would like to subscribe to us and we shall give you 50 up to 100% commission on the 1st monthly service fee (up to P10,000/refferal) for your efforts.

 

if youd like to find out if your area is included in the 50% discount promo or would like to earn and become a business partner, please send me an email at ice.yulo@innove.com.ph or snlyulo2003@yahoo.com

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Hello everyone! I just have a question regarding C# programming...I'm trying to create a user control that accepts any type of control (buttons, labels, etc. ) now how can I create a property that will accept the control and initialize a specific private global variable which is of the same type as that which was accepted by the control? For example, if I have a Button type, it should initialize with a = new Button(); thingee...and if its a Label, it should follow that initializes with the = new Label() thing...well, hopefully someone can understand what I'm trying to say here...I'm much better at describing it physically than mentally... :P

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x x x I am thinking about formalizing the venture and making a business plan for the future, hence, the question about Corporation or Partnership. Thanks to all for your input.

 

here are a few more details taken from the SEC's website: www.sec.gov.ph with some of my comments:

 

SEC REGISTRATION REQUIREMENTS FOR REGISTRATION OF STOCK CORPORATIONS

 

1. Basic Requirements

 

Name Verification Slip (secure online or from SEC Name Verification Unit, if you plan to do it online, go to the SEC website, place your cursor over the the Online Transactions Tab, several options will appear, click on Reserve Company Name, then follow the instructions)

 

Articles of Incorporation and By-Laws (if you don't have any special arrangements with your partner, use the express lane form)

 

Treasurer’s Affidavit (regarding the capital of the corporation)

 

Affidavit of incorporator or director undertaking to change corporate name (not required if Articles of Incorporation has provision on this commitment )

 

Registration Data Sheet

 

2. Additional Requirements

 

Indorsements/clearances from other government agencies, if applicable.

 

For corporations with foreign equity, submit Proof of Remittance by non-resident aliens and foreign corporate subscribers who want to register their investment with Bangko Sentral ng Pilipinas ( BSP ) (kung fishpond business yata, dapat 100% Filipino-owned)

 

For corporations with more than 40% foreign equity, submit Application Form F- 100

 

3.a. If your capital will be in cash,

 

Bank Certificate of deposit of paid up capital notarized in place where executed

 

Proof of inward remittance or bank certificate (only those corporations with foreign subscribers who want to register their investments with the BSP)

 

3.b. If land or any other real property will be transferred to the new corporation in as capital

 

Detailed schedule of the property showing its registered owner, location, area, TCT No., Tax declaration number and the basis of transfer value ( market value / assessed value / Zonal value or appraised value )

 

Copy(ies) of TCT/CCT and tax declaration sheet(s) certified by Register of Deeds and Assessor’s Office respectively

 

Latest zonal valuation certified by BIR , if transfer value is based on zonal value

 

Appraisal report by a licensed real estate appraiser, if transfer value is based on appraised value (not more than 6 months old)

 

Deed of assignment with primary entry by Register of Deeds

 

If property is mortgaged, submit mortgagee/creditor’s certification on the outstanding loan balance and his consent to the transfer of property

 

For assignment of buildings where assignor is not the owner of the land, submit the lease contract on the land and consent of the land owner to the transfer

 

3.c If other properties, such as inventories /furniture /personal properties will be transferred to the new corporation in as capital

 

Detailed schedule of the property showing its description and the basis of transfer value (market value or book value)

 

Special audit report by an independent CPA on the verification and valuation of the property

 

Deed of assignment of property to the corporation

 

3.d If heavy equipment and machinery, motor vehicles, will be transferred to the new corporation in as capital, check the SEC Website for the requriements

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inquire ko lang what is demural of evidence, sabi kasi ng defense lawyer, then sabi ng judge usually sa experience nya years ang inaabot pag ganun so let continue with the trial na lang daw.

 

 

Demurrer to evidence po, it is a remedy attacking the sufficiency and admissibility of evidence, in effect, you will ask the court to dismiss the case because the evidence available or presented at the moment is insufficient to sustain a case. Risky din po yan on the part of the defense( ill explain in the future if youre interested) It would take some time kasi the court will analyze if indeed the evidence is sufficient. To be availed of lang po if the defense is really sure that the case is very weak because of lack of evidence nga po. It is being discouraged by the judge and your lawyer kasi dagdag trabaho lang kung walang magandang basis,..refer to my penultimate sentence.

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thanks tobleron, will surely ask again regarding this term

 

Demurrer to evidence po, it is a remedy attacking the sufficiency and admissibility of evidence, in effect, you will ask the court to dismiss the case because the evidence available or presented at the moment is insufficient to sustain a case. Risky din po yan on the part of the defense( ill explain in the future if youre interested) It would take some time kasi the court will analyze if indeed the evidence is sufficient.  To be availed of lang po if the defense is really sure that the case is very weak because of lack of evidence nga po.  It is being discouraged by the judge and your lawyer kasi dagdag trabaho lang kung walang magandang basis,..refer to my penultimate sentence.

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