REX (kahit copyahin mo na yung ibang parts ditto kasi parehas rin lng....

yung iba i rephrase mo nlng at iedit thanks)

Form of Business Organization Santool Partnership will adapt a general partnership form of business. A partnership is an organization where two or more persons bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits among themselves. General partnership is composed of general partners or a combination of general and industrial partners. They are personally liable for the partnerships debt after exhaustion of its assets. They assume unlimited liability. Profits and losses sharing must be divided to all the partners in accordance with the proportion of their contribution. Commitment and cooperation from every partner is necessary for the success of operation of the business. More works done by a partner is compensated upon agreement by the partners such as an addition to the Monthly Salary in the

profits. The partners may neither withdraw cash nor other assets from the business without the express written permission of the other partners, also, no partner is allowed to use the funds or property of the partnership on his or her own benefit. Advantages of partnership as an organization: 1. Easy formation- mere agreement or mutual understanding by the partners may organize a partnership. 2. Joint resources- a partnership provides an opportunity to pool the abilities, experiences, and resources of two or more persons. 3. Less government supervision- generally, partnerships receive less government regulation than corporations do. 4. Utilization of strengths of individuals- as compared to a sole proprietorship, a partnership has more individuals contributing to the operations. 5. Great borrowing capacity- each partner may avail individual credit than that of a sole proprietorship 6. Easy to manage- all the partners skills and decisions can be combined. Capital Contribution Indicated below are the names of the partners and their respective capital contributions. NAME Amount Contributed

AB-AB, GRIZLE JETH BRISTOL, PRUDYLYN CALAYAAN, CLAIRE ANNE CUBANGBANG, KRISTINE JOY DULAY, KAREN MAE PAJARILLO, PRINCESS SISON, REYMINO Total Registration and Licenses

Php Php Php Php Php Php Php

1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000

Php 12,250,000

The following protocols must be accomplished for the business to legally operate: Register the business name at the Department of Trade and Industry (DTI). The brand name is Santoil and the business name is Santool Partnership. Registration of the partnership at the Securities and Exchange Commission (SEC) - File the complete documents including Articles of Partnership with the SEC, upon payment of the requisite filing fees. Registration at the Mayors Office Required: 1. Location or the Vicinity Map of the business establishment

2. Barangay Clearance 3. Articles of Partnership 4. Community tax Certificate 5. Initial Subsequent list of employees Sanitary permit is also required to make sure that the site of the business is safe and clean Registration at the Bureau of Internal Revenue (BIR) Required: 1. Photocopy of SEC Registration 2. Mayors Permit Registration at Social Security System (SSS) Required: 1. Photocopy of Articles of Partnership 2. Employees Data Registration at Philippine Health Insurance Corp. (PhilHealth) Figure 3.1 Organizational Chart

Key Personnel 1. General Manager The company would be giving this responsibility to one of the partners and a salary in addition to the partners share in profits. The general manager would keep an eye on the activities and the entire operations of the business, and would make very important decisions that will maximize the value of the business. The general manager would also devise strategies for the business to lay a very good foundation in this industry, and policies for congruency within the organization. Qualifications:

One of the original partners appointed by the majority of the partners

With a wide knowledge in different aspects of management One who possesses good communication skills and knows how to handle pressure

Compensation: Monthly salary will be P8, 360 and will also be receiving a 13th month pay based on the monthly salary.

2. Factory Manager The factory manager will be the person in charge with the over-all operation in the factory. He should be responsible for the purchase of raw materials and ensures that all sales orders and deliveries have been done. Qualifications: One of the original partners appointed by the majority of the partners With a wide knowledge in different aspects of management One who possesses good communication skills and knows how to handle pressure Compensation:

Monthly salary will be P7, 480 and will also be receiving a 13th month pay based on the monthly salary.

3. Store Manager The store manager will be the one responsible in the operations of the company in its retail store. He will be the one in charge of ordering products from the factory and will see to it that enough products are still available in the store.

Qualifications: One of the original partners appointed by the majority of the partners With a wide knowledge in different aspects of management One who possesses good communication skills and knows how to handle pressure Compensation: Monthly salary will be P7, 480 and will also be receiving a 13th month pay based on the monthly salary. 4. Bookkeeper The bookkeeper checks and analyzes the transactions of the business as well as the financial status and accuracy the financial statements.

Qualifications: Male or female Must be an Accounting graduate Knows how to use Microsoft Office applications, especially Excel Have at least a year of working experience.

Compensation: Monthly salary will be P6, 600 and will also be receiving a 13th month pay based on the monthly salary. 5. Machine Operators The machine operators are responsible for operating the machines assigned to them and transporting the products to another room or area for the next process. They should also ensure that the machines under their care are always in good condition, and are maintained according to proper sanitation standards. They have to see to it that the products have undergone the correct process and are properly treated. Lastly, always maintains cleanliness in their respective working areas. Qualifications: Male/ Female Of good moral character

At least high school graduate Willing to undergo trainings Hardworking and flexible

Compensation: Monthly salary will be P6, 600 and they will also be receiving a 13th month pay based on their monthly salary.

6. Manual Laborers For those assigned in the slicing and separating process: They are responsible for slicing the santol and separating the seed from the inner peal. They should demonstrate a high standard of personal hygiene and maintains cleanliness in their working area. For those assigned in the packaging area: They would pack the finished products and store them neatly at the storage area, carry the products to the transporting vehicle for delivery at the retail store and perform other tasks that may be assigned to them. Qualifications:

Male/ Female Of good moral character At least high school graduate Hardworking, flexible and willing to do overtime.

Compensation: Monthly salary will be P6, 600 and they will also be receiving a 13th month pay based on their monthly salary.

7. Store Cashier The cashier would be receiving payment by cash and simultaneously gives receipt and change to customers. He is also responsible for cash register operations and processing of sales, and submits the daily cash collections to the store manager. He also assists the customers and maintains the cleanliness in the area. Qualifications: Male/ Female At least high school graduate. Computer literate.

With pleasing personality and has good communication skills.

Honest and trustworthy. Has experience working as a cashier and can do multitasking.

Compensation: Monthly salary will be P6, 600 and they will also be receiving a 13th month pay based on their monthly salary.

8. Sales clerk The sales clerk is responsible for the inventory of products in the retail store, displays the products properly, and ensures that products received from the factory are all without damage. He also assists the customers and maintains the cleanliness in the area. Qualifications: Male/ Female At least high school graduate. Hardworking and flexible. Of good moral character

Have good communication skills.

Compensation: Monthly salary will be P6, 600 and they will also be receiving a 13th month pay based on their monthly salary.