Document background
The Custom Operating Agreement serves as a foundational document for businesses operating in the Philippines, providing a comprehensive framework for business operations and management. This agreement is particularly crucial when establishing new business ventures, restructuring existing operations, or forming strategic partnerships under Philippine jurisdiction. The document addresses key aspects of business operations while ensuring compliance with Philippine corporate laws, including the Revised Corporation Code, Foreign Investments Act, and other relevant regulations. It's specifically designed to accommodate various business structures, from small enterprises to large corporations, and can be customized to include specific provisions for foreign investment, technology operations, or industry-specific requirements. The Custom Operating Agreement becomes especially important in scenarios involving multiple stakeholders, complex operational structures, or when clear delineation of management responsibilities and profit-sharing mechanisms is essential.
