Corporation Trading Assets Purpose

Yes, a corporation in the Philippines can include trading as a primary purpose in its Articles of Incorporation. This purpose should be clearly stated to ensure compliance with legal and corporate governance standards.
Would you like more information on how to draft this provision or how to file the amended Articles of Incorporation?

Yes, a corporation in the Philippines can include trading as a primary purpose in its Articles of Incorporation. This provision should be clearly drafted to comply with legal and corporate governance standards. For example, the Articles of Incorporation could state: "The primary purpose of the corporation is to engage in the trade and commerce of goods and assets." To amend the Articles, you would need to follow the procedures set by the Securities and Exchange Commission (SEC), including filing the necessary forms and obtaining board and shareholder approvals. Would you like more detailed guidance on the amendment process?

Case Rating: *.
To include the trading of assets and interests in real properties as the primary purpose in the Articles of Incorporation, your provision could read:
"The primary purpose of the corporation is to engage in the trade and commerce of assets and interests in real properties."
Would you like guidance on the amendment process or filing with the SEC?

To include the trading of assets and interests in real properties as the primary purpose in the Articles of Incorporation, you would need to follow these steps:
*. Draft the Amendment: Clearly state the new primary purpose. Example: "The primary purpose of the corporation is to engage in the trade and commerce of assets and interests in real properties."
*. Board Approval: Obtain approval from the Board of Directors.
*. Shareholder Approval: Secure approval from the majority of shareholders.
*. File with SEC: Submit the amended Articles of Incorporation and required forms to the Securities and Exchange Commission (SEC).
Would you like more information on the specific forms and documents needed for the SEC filing?

To elaborate on the primary purpose of a corporation, specifically trading assets and interests in real properties, you should draft a clear and comprehensive statement within the Articles of Incorporation. Here’s an example:
"The primary purpose of the corporation is to engage in the trade and commerce of assets and interests in real properties, including but not limited to acquisition, development, sale, and leasing of real estate properties, as well as any related activities that support these endeavors."
Would you like more details on the filing process with the SEC?