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Startup Tips

What is estafa?

Is estafa equivalent to swindling? How can we avoid it?

Estafa is the legal term used to describe certain forms of swindling. Thus, a person can be considered a swindler for committing a form of estafa. However, a person can also be a swindler by committing other acts that are not necessarily ...

by Peter Imbong  | June 08, 2015 06:00:00
Business Ideas

What you need to know about zoning laws

The laws on zoning are designed to optimize and regulate the use of land.

Putting up your own business can be very rewarding in many ways, but it can also be tricky and confusing particularly in the beginning when you are scrambling to obtain your certificates of registration and various licenses and permits.Your first stop is, ...

by Reeza Singzon  | October 14, 2013 10:00:00
Startup Tips

The return and exchange policy

A retailer can build a good selling reputation by having a sound return and exchange policy in place.

Retailers sell manufactured goods straight to the consumers. This role makes the retail business vital to both manufacturers – who are given a wider network to distribute and sell their products – and the consumers – who need access to these products.Retailers ...

June 13, 2013 10:00:00
Business Ideas

How to start a lasting business partnership

A proper partnership agreement outlines expectations and covers both parties equally in event of conflict.

A purchase of an interest in a business should be properly documented so the parties involved will have a clear understanding of the relationship they have entered into.It’s not unusual to hear of an entrepreneur calling on friends or relatives to invest ...

May 15, 2013 03:00:00
Business Ideas

Read the label

Here are 3 important procedures that need to be observed in ensuring that the open-date marking system on packaged food products really works

Let’s face it. Processed foods and pre-packaged fresh foods now form a major part of our daily nourishment, and because they are ready to consume or easy to prepare, they free us from the drudgery of food preparation and cooking and allow ...

by Roselynn Jane C. Villa  | May 10, 2013 02:00:00
Startup Tips

The confidentiality agreement

A confidentiality agreement is a pledge by a person not to disseminate confidential information on another person or entity, but to use such information for nothing other than to do a particular service. Examples of confidential agreements are those between lawyers and ...

by Riva Khristine Maala  | May 08, 2013 01:00:00

How to spot a franchise scam

There are several ways, and knowing them may well be your only protection against falling victim to one.

Franchising has made great inroads in the Philippines because of the increasing number of people succeeding in business through this route. But franchising has a downside: it has given rise to scams.[related|post]Franchise scams have indeed been on the upswing, but it hasn’t ...

April 15, 2013 01:00:00
Startup Tips

Who pays tax?

All “persons” living in the Philippines must pay tax. The National Internal Revenue Code defines "person" as an individual, a trust, an estate, or a corporation. The term corporation includes partnerships, joint stock companies, and associations registered or unregistered with the Securities ...

by Riva Khristine Maala  | April 01, 2013 01:00:00
Business Ideas

The termination

Security of tenure is an advantage any employee has over a full-time entrepreneur, and any entrepreneur who was once an employee knows that losing one’s regular job is the biggest risk in being self-employed. Indeed, it’s hard to give up that regular ...

by Dondi Gaston  | December 17, 2012 01:00:00
Startup Tips

When a strike or lockout is valid

Know the legal boundaries of labor strikes and employers' lockouts.

The Constitution and labor laws recognize workers’ rights to strike and the employer’s right to lock them out.However, no labor union may strike, and no employer may declare a lockout, on grounds involving inter-union and intra-union disputes. A strike or lockout is ...

by Reggie Nolido  | September 25, 2012 10:00:00
Startup Tips

How much should I pay my employees during a holiday?

The law is clear on the compensation due to workers on regular and special holidays

Since the holiday season is here, now is the best time to understand what the law provides when it comes to compensation for your employees during holidays.There are 10 regular holidays in the Philippines: New Year’s Day (January 1), Maundy Thursday (date ...

by Entrepreneur Staff  | September 02, 2012 11:00:00
Business Ideas

Going Public 101

Companies wanting to raise additional capital for expansion may list in the Philippine Stock Exchange, which provides the facility for the selling of shares to the investing public. A company may choose to list its shares in the First Board, the Second ...

by Riva Khristine Maala  | May 25, 2012 03:00:00
Startup Tips

Skip the aggravation of a court battle

Anyone who’s been through litigation knows how messy, expensive, time-consuming, and stressful it can be. Thus, it is a wise entrepreneur who avoids getting sidetracked into a legal battle.After all, there’s no guarantee that one can win in a litigious contest. Each ...

by Dondi P. Gaston  | March 28, 2012 08:00:00