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1. Incorporators – those mentioned in the articles of incorporation as originally forming and composing the corporation, having signed the articles and acknowledged the same before the notary public.
a. They must be natural persons;
b. At least five (5) but not more than fifteen (15);
c. They must be of Legal Age;
d. Majority must be residents of the Philippines; and
e. Each must own or subscribe to at leat one share.
2. Corporators – All the stockholders and members of a corporation including the incorporators who are still stockholders.
3. Stockholders – Corporators in a stock corporation
4. Members – Corporators in a non-stock corporation
5. Directors and Trustees – The Board of Directors is the governing body in a stock corporation while the Board of Trustees is the governing body in a non-stock corporation.
6. Corporate Officers – They are the officers who are identified as such in the Corporation Code, the Articles of Incorporation or the Bylaws of the corporation.
7. Promoter – A self-constituted organizer who finds an enterprise or venture and helps to attract investors, forms a corporation and launches it in business, all with a view to promotion profits.
a. They must be natural persons;
b. At least five (5) but not more than fifteen (15);
c. They must be of Legal Age;
d. Majority must be residents of the Philippines; and
e. Each must own or subscribe to at leat one share.
2. Corporators – All the stockholders and members of a corporation including the incorporators who are still stockholders.
3. Stockholders – Corporators in a stock corporation
4. Members – Corporators in a non-stock corporation
5. Directors and Trustees – The Board of Directors is the governing body in a stock corporation while the Board of Trustees is the governing body in a non-stock corporation.
6. Corporate Officers – They are the officers who are identified as such in the Corporation Code, the Articles of Incorporation or the Bylaws of the corporation.
7. Promoter – A self-constituted organizer who finds an enterprise or venture and helps to attract investors, forms a corporation and launches it in business, all with a view to promotion profits.
