Tag Archives: corporation

Principal Office Address: Amending the Articles of Incorporation

Corporate compliance, just like tax and other reportorial requirements, is easier if handled by an army of staff, whether organic or outsourced. For small and medium entrepreneurs (SMEs), however, employees cannot be considered as mere items of expense in the corporate books, for the simple reason that SMEs are naturally saddled with a lower spending cap. The enterepeneur ends up doing the marketing and selling, while performing the administrative backend, including corporate compliance.  Continue reading

Legal Personality of Corporations and Liability of Incorporators

A recent query concerns the liability of incorporators (incorporators are basically the stockholders who created the company, with their names appearing in the articles of incorporation). We briefly touched on the liability of incorporators in a previous post (Forms of Business: Sole Proprietorship, Partnership, Corporation). In incorporating a business for our clients, we sometimes need to address the same concern so we might as well have a discuss here. Continue reading

The Basic Forms of Business: Sole Proprietorship, Partnership and Corporation

After deciding to start a business (and the particular business to pursue), one of the important issues is the form of business entity that will serve as the vehicle in pursuing the business. You may say that the next important issue is the source of funding, which is correct, but that issue will be discussed much later. Right now, let’s focus on the forms of business. Continue reading