Guidelines for the Conversion of Corporations

There are two types of conversion outlined in SEC Memorandum Circular No. 27, series of 2020: (1) from an ordinary stock corporation to a one-person corporation, and (2) from a one-person corporation to an ordinary stock corporation.

The processing of applications for conversion of corporations shall commence only upon receipt by the Securities and Exchange Commission’s Company Registration and Monitoring Department or by any of the SEC Extension Offices nationwide, of the complete documentary requirements enumerated in the guidelines including the proof of payment of the applicable fees. (SEC Memorandum Circular No. 27, series of 2020)

Why choose ALBURO LAW?

Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

Contact us: 09778050020 | 09778050015 | (02) 7745-4391

Email us: [email protected] | [email protected]

April 2024 TRAINING PROGRAM
Understanding Contracting and Subcontracting under Labor Laws
How to Prepare for and Handle BIR Audits
How to Avoid Illegal Dismissal Cases
Theft of Company Property: What to Do When Employees Steal in the Workplace
One-Person Corporation Simplified
Legal Tips for Employers on Collective Bargaining Agreement (CBA) Negotiations

There are two types of conversion outlined in SEC Memorandum Circular No. 27, series of 2020