This article delves into the special rules that govern the classification of real property or land as either an ordinary asset or a capital asset.
This article focuses on the crucial decision of when to pay either Value Added Tax (VAT) or the Capital Gains Tax on the sale of real property or land.
This article answers whether the heirs of a creditor can collect a debt owed to their deceased relative.
Can the Heirs of a Creditor file a Case to Collect a Debt? Read More »
This article outlines important rules to follow to for validity of corporate meetings under the Revised Corporation Code of the Philippines
Important Rules to Follow for Validity of any Corporate Meeting Read More »
This article discusses the doctrine of laches, or when there is an unjustifiable delay in invoking one’s rights.
LACHES OR STALE DEMANDS: IF YOU SLEEP ON YOUR RIGHTS, YOU MAY LOSE THEM Read More »
The Revised Corporation Code allows one (1) incorporator for a One Person Corporation (OPC) while a corporation that is not an OPC requires at least two (2) but not more than fifteen (15) incorporators.
How Many Incorporators are Required to Form a Corporation? Read More »
There is NO minimum number of shares of stock required for a corporation to possess. However, certain industries or corporations with foreign equity are required to have a minimum paid-up capital.
What is the Minimum Number of Shares of Stock to Form a Corporation? Read More »
This article explains an instance when a company can withdraw the grant of a Christmas bonus, even if the same has become customary or company practice.
WHEN CAN A COMPANY REFUSE TO GIVE CHRISTMAS BONUS? Read More »
The Philippine legal system is a civil law system. This means that the Philippines relies on laws enacted by Congress to govern all matters – including Christmas, our favorite holiday. Christmas did not just become a holiday in the Philippines by tradition or religion. As with all red letter days and public holidays, there are laws that govern the celebration of Christmas as a holiday.
This article discusses the Philippine Regular and Special Holidays and Non-Working Days for the year 2024, as declared under Proclamation No. 368.
Learn about Philippine Holidays and Special Non-Working Days for 2024 Read More »
