If you are interested in engaging in business or practicing your profession with some colleagues, a partnership may be the proper vehicle. The Philippine Civil Code provides for a definition of a partnership as follows: Art. 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to […]
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Listed below is a summary of the mandatory benefits and provisions for employees in the Philippines under the Labor Code and special laws: 1. Minimum wage = P537.00 per day (in NCR) as of 22 November 2018 2. 13th month pay (after 1 month of service) = 1/12 of the total basic salary earned by
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When through your own efforts or resources, you subsequently develop an invention, new technology or breakthrough, it is important to have it protected. Such intellectual property can be copied or exploited by others if it is not protected. The usual form of protection is to apply for a patent with the Bureau of Patents of
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Under the old Labor Code, women were prohibited from engaging in night work. As such, Article 130 of the Labor Code provides: Art. 130. Nightwork prohibition. No woman, regardless of age, shall be employed or permitted or suffered to work, with or without compensation: a. In any industrial undertaking or branch thereof between ten o’clock
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Republic Act No. 7877, or the Anti-Sexual Harassment Act of 1995 (RA 7877), is the governing law for work, education or training-related sexual harassment. RA 7877 states that “work, education or training-related sexual harassment is committed by an employer, employee, manager, supervisor, agent of the employer, teacher, instructor, professor, coach, trainor, or any other person
Applying for a US tourist visa is not as burdensome as it was before. Gone are the days when one has to camp outside of the US Embassy just to apply for a visa. At present, the US Embassy has employed a systematic appointment system. The usual types of US visa are the B-1 and
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The Articles of Incorporation is the bible of a corporation. It spells out the pertinent information concerning: a. The name of the Corporation b. The primary and secondary purposes of the Corporation c. Place of principal office of the Corporation d. Term of existence of the Corporation (normally 50 years) e. Names, nationalities, and residences
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Entrepreneurs are exposed to government agencies in the usual daily grind of their business. Most companies have to submit monthly forms to the Bureau of Internal Revenue such as the 2550M (Monthly Value-Added Tax Declaration), or the 2551 M (Monthly Percentage Tax Return) or the 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation).
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Settlement of an estate need not undergo judicial proceedings all the time. Rule 74, Section 1 of the Rules of Court allows the extrajudicial settlement of estate by agreement among the heirs. Said Rule states: Sec. 1. Extrajudicial settlement by agreement between heirs. – If the decedent left no will and no debts and the
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Selling your business can be motivated by many factors such as inability to continue the business, business losses, buy-out by a competitor, handsome offer by an investor, to name a few. The decision to sell your business will depend upon your sound business judgment and forecasts on the movement of the market. Whatever reason impels
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