Last March 9, the SEC released its SEC Memorandum Circular No. 3 Series of 2021 that discusses the updated schedule and procedure of Filing of Annual Financial Statements, General Information Sheet and Other Annual Reports. We highly encourage...
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So, you decided to take the leap and start a new business. That’s great! First step is to register so you decide to look it up but then realize that there are so many entities! Freelancer, Sole Proprietorship, One Person Corporation- which...
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The year is about to end and it’s an understatement to say that it’s been a rough one for everyone. As we bid farewell to 2020, many of us may be looking forward to a brighter 2021. While news of the vaccines have definitely generated hope, the...
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With the world on lockdown due to the Coronavirus, businesses have been affected in so many ways. Many are downsizing due to lack of economic activity. Some unfortunately had to let go of employees. Today, experts are predicting an indefinite...
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The Philippines is one of the countries who initiated an Enhanced Community Quarantine (ECQ) as the world suffers the COVID-19 pandemic. While, it may be true that it helps flatten the curve of cases in the country, this has put businesses in a...
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Working from home seems like a wonderful thing. The comfort of being on one’s own space, the flexibility of time, and avoiding the morning rush are just some of the many reasons why this set-up appeals to many. While telecommuting has become...
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A freelancer, as defined by Freelancer.com, is “a professional who offers her or his service to one or several clients at once without being obligated to any of them. Freelancers offer varied services and their work can take different forms.”...
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Making mistakes is a part of life, whether you are a senior employee, new parent, or first time entrepreneur. While failures are really life’s lessons, sometimes, they can be costly and time consuming that we wished someone warned us. We searched...
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So, you decided to start a business on your own and you can’t decide if you should operate as a Sole Proprietorship or a One-Person Corporation (OPC). Both have its advantages and disadvantages. Here is a breakdown on the difference between the...
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Compulsory Coverage of Employers a. An employer, or any person who uses the services of another person in business, trade, industry or any undertaking. A social, civic, professional, charitable and other non-profit organization which hire...
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Department of Trade & Industry (DTI) Business Name Registration Business Name (BN) Registration is one of the principal front-line services of the Department of Trade and Industry (DTI). It aims to maintain a nationwide registry of...
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When one starts his or her own business, it’s important to consider if this should be a solo or group venture. There a business entities that can be set up with one or many incorporators so really, it boils down to what the advantages and...
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