the act allows aliens to continue in business until their death or voluntary retirement from the business or forfeiture of their license ; and corporations , associations or partnership , the capital of which is not wholly owned by the citizens of the philippines to continue in the business for a period of ten years from the date of the approval of the act ( 19 june 1954 ) or until the expiry of term of the existence of the association or partnership or corporation , whichever event comes first .