Set Up a Partnership, Launch Business Fast
Kickstart a partnership with like-minded entrepreneurs. It’s faster than establishing a corporation. We’ll help you sort out all the details.
The Advantages of a Partnership Business
Easy set-up
The requirements to start a partnership are nearly identical to registering as a sole proprietor. The only difference is that you’ll need to draft the Articles of Partnership. You’ll be able to launch a business fast as a partnership.
Access to more capital
As a lone proprietor, raising money can be difficult. A partnership gives you a bit of an edge on that front, with access to more capital from additional business partners.
Flexibility
A partnership business structure allows each partner to assume responsibility for areas of the company where they excel. With expertise wisely utilized, business operations can run smoothly.
Overview of Requirements for a Partnership
Partnerships must be registered with the Security and Exchange Commission (SEC). Below is a list of the basic documentary requirements:
- Name Verification Slip
- Articles of Partnership
- Joint Affidavit (if not yet stated in the Articles of Partnership)
- Data sheet registration
- Certificate of Bank Deposit
- Name of the partnership
- Principal office address
- Profile information of the partners
- Taxpayer Identification Number (TIN) of the partners
- Capital contribution of the partners
- Purpose of the partnership
- Endorsement of Clearance (from other government agencies)
- FIA Form 105 (for foreigner business partners)
Partnership Registration Packages
Choose the appropriate registration package according to your business needs.
Basic Partnership Registration
SEC Incorporation
BIR Registration
LGU Registration / Mayor’s Permit
Premium Partnership Registration
SEC Incorporation
BIR Registration
LGU Registration / Mayor’s Permit
SSS / PhilHealth / PagIbig Registration
Corporate Bank Account Opening