Printable · fill it in together, before the money moves
The Puhunan Agreement
One page, two signatures, before the first peso · vivafilipino.com
This is not a legal document. It's the conversation most families skip, written down so that both of you said the same things and can point at them later — without it becoming an accusation. Do it on a video call. Photograph the signed page. Keep a copy each.
1 · The venture
- What the business is, in one sentence:
- Where it will operate:
- Who runs it day to day (one name):
- The gap it fills — who will buy, and why not from the competitor:
- How many competitors within a five-minute walk:
2 · The money
- Total amount, one time: ₱ / $
- This is a: gift loan — if a loan, repayment starts at per month
- Sent in tranches, each released when: (1) (2) (3)
- Paid directly to suppliers where possible — which ones:
- It IS for (stock, equipment, permits, first rent):
- It is NOT for (bills, tuition, household, debts):
- Cash buffer kept aside for a slow week: ₱ — no borrowing from 5-6 lenders, ever
3 · The wall between the business and the house
- Business money is kept in (separate wallet / GCash / account):
- The owner's fixed weekly or monthly draw ("salary"): ₱ — everything else stays in the business
- Family members pay full price / store credit policy:
- Who may take stock or cash besides the owner: (the right answer is usually "no one")
4 · The books
- Where the daily takings and expenses are written (notebook / app / spreadsheet):
- How the sender sees them (photo in chat / shared sheet), and how often:
- Check-in dates — 30 days: · 90 days: · 6 months:
- Registration done by (barangay, DTI name, mayor's permit, BIR, BMBE at the Negosyo Center):
5 · What "it didn't work" means — agreed now
- The signal (e.g. three months not covering its own costs; stock gone and not replaced):
- What we do then (stop / pause / change):
- No second round of capital without the first round's numbers. agreed
- If it works, expansion comes from its own profits, not another transfer. agreed
6 · What success looks like
- By (date) the business covers:
- And the monthly support from abroad can drop by: ₱ — because that's the whole point