What is the minimum number of incorporators required under the Revised Corporation Code?

The Revised Corporation Code of the Philippines stipulates that the minimum number of incorporators required to form a corporation is at least two. This is an important aspect of corporate formation, as having a minimum number of incorporators ensures a basic level of collaboration and shared responsibility in the formation of the corporate entity.

Incorporators are individuals who initiate the formation of the corporation and are responsible for establishing its governance structure, defining its purpose, and ensuring compliance with legal requirements. Having two incorporators not only meets the statutory requirement but also fosters a partnership dynamic, which is fundamental in the early stages of corporate development.

While some corporate forms may have different requirements, the Revised Corporation Code specifically emphasizes that a corporation must not be established by a single individual, reinforcing the idea that corporations are collective entities designed for shared ownership and management.