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The Philippines

The Philippines is an archipelagic country in Southeast Asia bounded by the two major trade routes – the Pacific Ocean and the South China Sea sharing maritime borders with Taiwan, Japan, Palau, Indonesia, Malaysia, Vietnam and China. Its strategic location makes it a natural gateway to the Asian market. It has three main geographical divisions from North to

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Partnership

Partnership is another juridical person, having a separate legal personality from that of its members registered under the Securities and Exchange Commission (SEC). It may either be general partnership, where partners have unlimited liability for the debts and obligation of the partnership; or limited partnerships where one or more general partners have unlimited liability while

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Sole Proprietorship

It is a business structure owned by an individual who has full control and authority of its own assets and personally owes and answers all liabilities or suffers all losses but also enjoys all the profits to the exclusion of others. A Sole Proprietorship must apply for a Business Name and be registered with the

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Corporation

Corporations are juridical persons established under the Revised Corporation Code of the Philippines (RA 11232) and regulated by the Securities and Exchange Commission (SEC). It is separate and distinct from its shareholders thus the liability of the shareholders of a corporation is limited to the amount of their share capital. A corporation may be formed

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