1. 1
ACTIVITY SHEETS
LAWS ON BUSINESS ORGANIZATIONS BUSINESS
ORGANIZATION
Operated by
Name :
Student No. :
Date :
Phone :
2. 2
Name of Student ____________________________________________________ Date:______________
1. What does the LAW ON BUSINESS ORGANIZATIONS regulate?________________________
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2. What Is the Meaning of Business Organization?________________________________________
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3. What is the meaning of Organization?________________________________________________
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4. What is called Business?__________________________________________________________
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5. What is Organizational Culture?____________________________________________________
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6. The choice of the form of business or business organization depends on various factors. What are
these factors?__________________________________________________________________________
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7. To what does the term Sole proprietorship refer to?_____________________________________
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8. Why is having an unlimited liability a problem of a sole proprietor?________________________
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9. What is a Partnership?____________________________________________________________
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10. Where in the Philippines are Partnerships registered?____________________________________
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11. Define a Corporation_____________________________________________________________
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12. Who are called “incorporators?”____________________________________________________
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3. 3
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13. What is the limit of a shareholder’s liability___________________________________________
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14. As a general rule, in what industries can foreigners put up single proprietorship business in the
Philippines?___________________________________________________________________________
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15. Where are single proprietorships registered in the Philippines?____________________________
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16. Describe the liability of a single proprietor.___________________________________________
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17. Within the context of Philippine law, what is a "partnership"?_____________________________
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18. What governs Partnerships in the Philippines?_________________________________________
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19. How are partnerships formed and registered?__________________________________________
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20. What is the general rule governing liabilities of Partners?________________________________
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4. 4
21. What is a Corporation?___________________________________________________________
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22. What are stock corporations? What are non-stock corporations?___________________________
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23. What are the kinds of corporations according to how it is created?_________________________
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24. How are corporations organized?___________________________________________________
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25. What are the qualifications of all incorporators?________________________________________
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26. If a corporation or a partnership cannot be incorporators of a Philippine corporate entity, what
must be done?_________________________________________________________________________
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27. What is the Corporate minimum subscription requirement and the minimum paid-in
capital?______________________________________________________________________________
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5. 5
28. Summarize the incorporation documents required for corporations?________________________
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29. What should be contained in the application for a corporation to start?______________________
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30. What are the qualifications to be a member of the board of directors?______________________
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31. What is the general rule governing Corporate Officers personal liability for damages?__________
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32. What is the liability of Stockholders?________________________________________________
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33. What are the different kinds of Stockholder meetings?__________________________________
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6. 6
34. What are the requisites for the validity of Stockholders' meeting?__________________________
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35. How are corporations dissolved?____________________________________________________
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36. How may foreign investments in the Philippines be made?_______________________________
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37. When can a foreign corporation be sued?_____________________________________________
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38. What is a joint venture?___________________________________________________________
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39. What are the steps in Setting up Business Activities and a Company in Indonesia?____________
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40. Under what conditions Micro Company: a limited liability company will be categorized as micro
company?____________________________________________________________________________
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41. Under what conditions Large Company: a limited liability company will be categorized as large
company?____________________________________________________________________________
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