"It is often inspiring to read the stories of how businesses came to be. Stories like this can really motivate the would-be Entrepreneur. This article further states that a mission can be spiritual and powerful as well in driving a business. The original article can be accessed here. Stay motivated to let your business dreams come true by continuously following our site.
Showing posts with label Business Entities. Show all posts
Showing posts with label Business Entities. Show all posts
Ma Eloisa P. Osorio (The Philippine Star, Click HERE for original article)
MANILA, Philippines - The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has expressed concern over the differences in the treatment of taxes for corporate entities and sole proprietors in Congress.
Click Here to Read More...
MANILA, Philippines - The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has expressed concern over the differences in the treatment of taxes for corporate entities and sole proprietors in Congress.
In going around trying to help fellow Entrepreneurs, I have observed that very expensive mistakes could have been averted to the point that the businesses could have been saved if the right kind of structure or legal personality were selected.
There are several entities to select from. What I recommend is that by default, when starting a business especially when you are in the 'alpha' phase of trying a viable idea, it would be best NOT to be registered for starters since you are still unsure if there is a certain demand for a product or service. If you can prove that the business idea can give absolute good cash flow (which would take you 1-3 months) then it would probably be a good idea to select a legal personality and be registered.
Click Here to Read More...
There are several entities to select from. What I recommend is that by default, when starting a business especially when you are in the 'alpha' phase of trying a viable idea, it would be best NOT to be registered for starters since you are still unsure if there is a certain demand for a product or service. If you can prove that the business idea can give absolute good cash flow (which would take you 1-3 months) then it would probably be a good idea to select a legal personality and be registered.
Click Here to Read More...
Subscribe to:
Posts
(
Atom
)
