Document background
The Certificate of Incorporation for LLC-type entities in the Philippines is a fundamental document required under the Revised Corporation Code of the Philippines for establishing a corporate entity. While the Philippines doesn't have a specific LLC structure like the United States, corporations can be structured to operate similarly. This document must be filed with the Securities and Exchange Commission (SEC) and serves as the primary charter that brings the corporation into legal existence. It contains crucial information including corporate name, purpose, principal office location, capital structure, and details of incorporators and directors. The certificate is essential for businesses seeking to operate with limited liability protection and must comply with various regulatory requirements including minimum capitalization, ownership restrictions (especially for foreign investors), and industry-specific regulations. It forms the foundation for all subsequent corporate actions and is required for opening bank accounts, obtaining permits, and conducting business operations.
