Starting a corporation

Hello,

I would like to get anyone's expertise regarding opening a corporation in the Philippines. It would be really really helpful.

I am starting a small restaurant/takeaway business with my foreigner partner.

- If we were to register this business as a corporation, should it be stock or non-stock?

- I understand that ownership should be 60%/40%, however I'm confused with the different online sources that I've been reading. I would like to know how much is the minimum start-up capital needed if this restaurant will be registered as a domestic corporation? Is it 5,000 pesos?

Hoping to get some enlightenment.

Thank you in advance!

Have you read SEC ? That's the official.

IF the main investor agree to less security for his investment, then there are "simpler" business types.

Hi, yes I have read SEC. But there are no clear steps. And differentiations.

Lunkan wrote:Have you read SEC ? That's the official.

IF the main investor agree to less security for his investment, then there are "simpler" business types.

I have notes, but they are some long to paste here.
Can you see this:
http://full-suite.com/blog/how-to-register-a-stock-corporation-with-the-securities-and-exchange-commission-sec/?utm_source=blog&utm_medium=article&utm_campaign=register-with-the-sec

That's only the SEC part. Do you know the other parts?