In the Philippines, Foreign Nationals can only buy condominium units under Republic Act 4726, otherwise known as the Condominium Act. The law provides that no condominium unit can be sold without at the same time selling the corresponding amount of rights, shares or other interests in the condominium management body (The Condominium Corporation) , and no one can buy shares…
Tag: Corporation
Business Entities A Quick Guide
Business entities comes in so many types that business owners can easily get confused. Here’s a quick guide that will hopefully shed a little light on business entities for you. Business Entities “C” Corporation: A corporation whose shares are held by shareholders. The entity stands apart from the shareholders for legal and tax purposes. The shares of the corporation may…
How To Avoid Double Taxation Of Your Small Business Profits
Have you been thinking about incorporating your small business or self-employment activity? The advantages are many! For starters, you’ll be protecting yourself and your family from the possibility of a business ending lawsuit. Forming a corporation is Step One on the path known as “Asset Protection” — you are moving from the world of unlimited liability to the world of…
What Does It Mean To Become An Llc
LLC also known as Limited Liability Corporation or Company is a type of business entity. Which is much like a corporation, just cheaper and less paperwork to obtain. When you operate under a LLC, you qualify for a tax ID number from the IRS, you can also open a bank account and perform all of your business transactions under your…
3 Reasons To Form A Legal Entity Structuring Your E Biz The Smart Way
Like many other E-Biz owners, you may not feel inclined to structure your online business as a legal entity. Maybe you argue that your business is too small or that you only sell on eBay. Or perhaps you feel the process is too expensive. But the real question isn’t the size of your business, or how much it’s worth. The…
Choose The Best Legal Structure For Your Business
Do you know the best legal structure for your small business? Legal structure refers to the way a business is organized. Choosing the best legal structure for your business is critical, as it affects aspects of your business ranging from tax payments to your personal financial liability. The most common types of business legal structure are sole proprietorships, partnerships, and…
Business Credit Cards Corporate And Small Business Credit Cards Compared
Business credit cards come in a variety of forms, which can seem a little overwhelming to someone that doesn’t know the difference between the different types of cards. When it comes to business credit cards, the largest percentage of the market is small business owners. In fact, small businesses are the driving force behind the American economy and create the…
Tax Tips For New Ecommerce Entrepreneurs
New ecommerce entrepreneurs can find them confused and confounded by the tax and accounting requirements of their venture. And that’s a shame: If someone’s spotted a great new category and successfully built a web presence, heck, that someone shouldn’t find themselves bogged down with the accounting minutia. The entrepreneur should focus on increasing traffic, expanding margins, and growing cash profits.…
Benefits To Incorporating A Business Today
Incorporating is the standard for many in business today because of the level of protection it provides in protecting your personal assets against the claims of creditors and lawsuits. Starting a corporation involves filing the Articles of Incorporation (also called a Charter, Certificate of Incorporation), listing the purpose of the corporation, its principal place of business and the number and…
Understanding Llcs The Ups And Downs Of Incorporating
You may not have considered it, but if you’re starting an Internet business, you’re starting an actual business What’s your Reaction? Love Love 0 Smile Smile 0 Haha Haha 0 Sad Sad 0 Star Star 0 Weary Weary 0 0 Shares Facebook Twitter Whatsapp Gmail Linkedin × Share this post! Facebook Twitter Whatsapp Gmail Linkedin Pinterest Messenger Reddit Telegram Tumblr…