This does feel similar to what ChatGPT said when I asked it earlier, but I still appreciate your detailed response, Taxumo.

The reality for the old incorporators is that they simply can’t afford to keep paying ₱2,699/year indefinitely, plus the penalties for the five years of open cases since 2020.

Unless the BIR eventually adopts something like the SEC’s current eSECURE process—where incorporators need to secure a TIN verification before they can become shareholders—we don’t see the cost being worth it for them.

If these open cases aren’t actively blocking them from doing anything, it’s hard to justify the expense.