A Philippine partnership must be registered with SEC.
A minimum of 2 partners is required. Partners have unlimited liability.
One can setup a limited partnership, the limited partners have limited liability the other partners have unlimited liability.
A partnership is taxed like a corporation.
example partnership in the Philippines lawfirm
Partnership is covered by Article 1767-1867 of the Civil Code of the Philippines --http://www.scribd.com/doc/55300616/Partnership
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To open a bank account for a Partnership firm, a registered Partnership deed along with identity and address proof of the Partners need to be provided.
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income payments to the partnership is not subject to withholding as its income is not subject to taxes
at Philippines
If you mean tax advantage of corporation in the Philippines compared to other countries..I can not answer that. But if you mean corporation in the Philippines compared to Partnership, the corporation is tax on its net income at currently 30% but if its a partnership, same is tax at 30% but there would be presumptive distrubtion of net income among partners which will be subjected to tax again. For corporation in Philippines, the liability of shareholders is limited on their capital subscription only. Unlike partnership or single proprietor, which is to the extent of personal property except of course for limited partners.
Yes, the University of the Philippines Open University website is:upou.edu.ph
University of the Philippines Open University was created in 1908.
"Can you open this?"
The motto of University of the Philippines Open University is 'Honor and Excellence'.