WHEN entrepreneurs start a business, they often overlook a crucial aspect of compliance — registering with the Social Security System (SSS), the Philippine Health Insurance Corp. (PhilHealth) and the Home Development Mutual Fund (Pag-IBIG). Amid the various requirements that accompany the launch of a new enterprise, it is essential to explore why registration with these institutions is necessary and the advantages it brings. First, let us delve into the benefits of such regis

SINCE the one-person corporation (OPC) was introduced in the Philippines last 2019 through Republic Act 11232, many entrepreneurs and freelancers have been confused about the differences between a sole proprietor and an OPC, not knowing which one is right for them. Starting a business in the Philippines is already daunting. The potential costs, should one choose wrong, can be costly. Here, we explore the differences between these two business structures and their advantages a