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[Virtual Presenter] Good morning everyone! Today I am going to be discussing Christian T. Valencia's book and the incorporation and organization of private corporations. We'll look at the process and the legal implications of forming such a company. Let's get started!.

[Audio] Christian T. Valencia has published an essential book regarding the incorporation and organization of private corporations. Comprehensively, it covers the procedure from filing the articles of incorporation with the government to constructing the company's capital stock structure. It assists readers in comprehending the legal requirements, potential issues, and most excellent practices for forming a private company. The book additionally illuminates the implications of the indefinite existence of corporations, in addition to the requirement to abide by regulations. For business owners or entrepreneurs, Christian T. Valencia's book is an invaluable resource to ensure their company is appropriately incorporated and arranged..

[Audio] We will be examining Christian T. Valencia's book on the incorporation and organization of private corporations. We will be analyzing the main points and implications of the twelve sections, from section 10 to section 21, contained in Title II of the book. During the review of each section, we will identify any gaps or inconsistencies that may need to be discussed in order to comprehend the scope and nature of the document's content..

[Audio] Valencia's book offers an in-depth analysis into the incorporation and organization of private corporations. He provides readers with an understanding of the necessary requirements for incorporating a private corporation, including the maximum number of incorporators and their legal age qualifications. Additionally, Valencia covers topics such as single stockholder corporations, which are considered personal corporations. By exploring these topics, readers can gain a better understanding of how to form a private corporation..

[Audio] Christian T. Valencia's book provides an essential overview of the incorporation and organization of private corporations, which is a crucial topic for businesses. The book offers a comprehensive guide to entrepreneurs, shareholders, corporate directors, and legal advisors, explaining the legal implications of setting up a private corporation and delving into the particulars of corporate governance. It is an invaluable resource for any individual aiming to build a successful business..

[Audio] Valencia's book provides an extensive overview of incorporating and managing a private corporation in the Philippines from 2018 to 2022. It outlines the regulations of the minimal subscribed capital stock for stock corporations, which is set at Five Thousand Pesos (Php5000.00) with twenty-five percent (25%) of the total subscription being paid up..

[Audio] The slide is about the contents of the articles of incorporation necessary to form a private corporation. These articles must include the name of the corporation, as well as its purpose, the location of its main office, and the term of its existence. Additionally, it should specify the names, nationalities, and residences of the incorporators, as well as the number and names of members of the board of directors or trustees. It is important to make sure to include all of these elements when forming a private company..

[Audio] Christian T. Valencia's book covers the incorporation and organization of private corporations. Amendment or Restatement of articles of incorporation, or amendment, is provided by Section 14 of the book. According to it, a majority vote of the board and the vote or written assent of the stockholders representing at least two-thirds (2/3) of the outstanding capital stock is required in order to amend or restate the articles of incorporation. This is an important procedure that every private corporation should follow..

[Audio] The incorporation and organization of private corporations is an important subject which has been comprehensively covered by Christian T. Valencia's book. Section 15 of the book speaks to the issue of Corporate Term Extension, which allows for a corporation's term to be extended by an amendment to its articles of incorporation for a period of up to fifty years. This provides businesses with a great deal of flexibility and security when it comes to their future. For more information on this topic, I encourage you to read the book..

[Audio] Our next topic is the incorporation and organization of private corporations. It's important to understand the legal requirements for choosing a corporate name. The corporate name must be unique and distinguishable from other corporations, partnerships and associations registered with the Commission. By adhering to this requirement you can help protect your business from liability and potential legal issues. So make sure you do your research and ensure that the name you pick is a valid one..

[Audio] Corporation's existence starts with a certificate of incorporation issued by the Securities and Exchange Commission. This certificate marks the initiation of the company's activity and when all of their contracts become legally binding. It is essential to understand the importance of this point, as it affects the scope of their activities and the contracts they can access. To gain further insight, let's delve into the effects of the commencement of corporate existence..

[Audio] Following the slide's topic, Section 18 of Christian T. Valencia's book covers the Commencement of Corporate Transactions. According to the book, a corporation may only be able to commence business or exercise its corporate powers upon the issuance of a certificate of incorporation by the SEC..

[Audio] Section 19 of Christian T. Valencia's book covers the incorporation and organization of private corporations. Non-use of corporate charter and continuous inoperation can lead to the dissolution of the corporation. If the corporation does not formally organize and commence business within two years from its incorporation date, it will be deemed dissolved. Additionally, if the corporation commences business and then becomes continuously inoperative for at least five years, it will also be deemed dissolved. This is an important aspect to keep in mind when incorporating and organizing a private corporation..

[Audio] Christian T. Valencia's book delves into the complexities of the incorporation and organization of private corporations. It is essential to understand the distinction between de facto and de jure corporations, with Section 20 of the corporation law stating that a corporation that has failed to comply with the requirements for de jure standing may still be considered a de facto corporation, with the same rights and obligations associated with a de jure corporation..

[Audio] Valencia's book provides a comprehensive overview of the legal and administrative considerations for incorporating a business. It covers the effects of non-use, the impact of repetitive inoperation, and the legal methods to bring a business back to life. The book delves into the incorporation and organization of private corporations, in addition to the consequences of non-use and continuous inoperation. It's an invaluable resource for entrepreneurs and business owners, offering a wealth of insight into the considerations of incorporating and reviving a business..

[Audio] In summary, Christian T. Valencia's book is focused on the incorporation and organization of private corporations. These two topics are essential for businesses to understand as they affect the entity's legal status, rights, and obligations. Incorporation is the procedure to create a legal entity, while organization is the establishment of the internal structure, regulations, and protocols of the company. It is necessary for businesses to understand the advantages and difficulties associated with corporate incorporation and organization to make sound decisions that serve their requirements and objectives. Thank you for your time and attention..