YOU decided 2024 is the year you'll finally take the leap and start a business. Good for you! We wish you all the very best. While it's probably exciting (and a bit nerve-wracking) to build the website, do marketing campaigns and start selling, we remind you not to forget an important step: registering your business. Why? First, it's a legal requirement. More than that though, it does open various opportunities such as trust between you and your customers, tax benefits, and m

CHRISTMAS in the Philippines is so ingrained in our culture that CNBC has claimed that our country celebrates this season the longest globally. Enter the first "ber" month, and while malls may have Halloween displays, Christmas decorations are sold alongside these while blasting Jose Mari Chan Christmas classics. As we all prepare our Christmas lists, it may be good to consider choosing gifts from locally owned and made companies. Sometimes, it's tempting to default to our us

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