With the introduction of the concept of a One Person Corporation in the Philippines, a question is raised for persons who want to set up a business on their own – is it better to set up an OPC or a sole proprietorship? We present five points for consideration.
Protecting Your Brand: A Primer on Trademark Registration
An often overlooked aspect of starting a business is the protection of the business’s brand. Registration of a business’s trademark gives the company the exclusive right to prevent others from marketing similar or identical products under the same or a confusingly similar mark. In this article, we describe in simple terms the basic concepts of trademarks.
Guidelines on Setting Up a One Person Corporation
The concept of a One Person Corporation (OPC) was introduced to the Philippines through the recent enactment of the Revised Corporation Code. The introduction of the OPC eases up the requirements for setting up a corporation for many businesses and start-ups in the Philippines. A single stockholder can now set up a corporation, dispensing of the need to appoint nominee directors just to satisfy the previous five-director requirement. Continuing from our Primer on the Revised Corporation Code, we discuss the guidelines on how to set up a One Person Corporation.
Primer on the Revised Corporation Code
The recent enactment of Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, introduced substantial changes to the laws governing corporations operating in the Philippines. Flores and Ofrin brings you the salient points of the Revised Corporation Code in a short and easy-to-read primer.