Philippine Legal Advice

amend articles

How to Amend the Articles of Incorporation

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

How to Amend the Articles of Incorporation Read More »

red tape

Improving Efficiency in the Philippine Government – The Anti-Red Tape Law

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).

Improving Efficiency in the Philippine Government – The Anti-Red Tape Law Read More »

estate

Extrajudicial Settlement of Estate in the Philippines

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

Extrajudicial Settlement of Estate in the Philippines Read More »

DO 18A

DO No. 18-A: Strengthening the Rights of Contractual Employees & Imposing Obligations on the Contractors

Contracting and sub-contracting arrangements are commonplace in most business transactions. Instead of hiring their own messengers, janitors and security guards, among others, entrepreneurs have learned the value of outsourcing these services to contractors. Truth be told, contracting out these jobs is actually more cost-efficient in terms of time and money for the usual businessman. However,

DO No. 18-A: Strengthening the Rights of Contractual Employees & Imposing Obligations on the Contractors Read More »