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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
Startup Tips

How to keep your trade recipes secret

Your secret recipe should never be divulged.

A few weeks ago, an acquaintance offered to teach me the recipe for a popular brand of fast-food fried chicken. He said that a friend of his once did business with that particular restaurant chain and discovered, or was inadvertently given, its ...

by Reeza Singzon  | November 04, 2012 09:00:00
Startup Tips

3 things for a foolproof non-disclosure agreement

What should you include in the agreement

Last week, lawyer Reeza Singson discussed the importance of keeping your trade secrets secret from your suppliers and other people that you deal with. She also discussed legal remedies like the inclusion of a non disclosure stipulation in your contracts. To help ...

by Entrepreneur Staff  | November 07, 2011 09:00:00
Startup Tips

What the Labor Code says about dismissing employees

It must be done in good faith

Planning to fire an employee? Letting go of someone is never easy and can be a nerve-wracking experience but is a necessary part of running a business. Apart from five ‘just causes’ that the employer may invoke, the Labor Code also allows ...

by Entrepreneur Staff  | November 03, 2011 09:00:00
Business Ideas

The Beverly Hills 6750 saga [Part 4]

Reconstructing a beauty business

Road to recoveryOn February 1, 2008, Beverly Hills 6750, through their lawyers, filed the first of four estafa cases against Bunevacz, suing him for P1.8 million. In total, the estafa cases claim that Bunevacz embezzled at least P18 million from the clinic. ...

by Peter Imbong  | November 01, 2011 01:00:00
Business Ideas

The Beverly Hills 6750 saga [Part 3]

Reconstructing a beauty business

 Problem uncoveredOn December 13, 2007, broke the story that the Bunevacz couple had been “booted out” of Beverly Hills 6750. Days later, the clinic issued a statement confirming that the Bunevaczs had indeed left the company, and that the clinic’s lawyers ...

by Peter Imbong  | October 31, 2011 01:00:00
Business Ideas

The Beverly Hills 6750 saga [Part 2]

Reconstructing a beauty business

Convincing, insistentAccording to Santos, Bunevacz approached him in March 2006 after being recommended by a common pastor. “At first I said (to David), ‘I’m not the person you’re looking for,’ because I felt that the facility should be headed by a plastic ...

by Peter Imbong  | October 30, 2011 11:00:00
Business Ideas

The Beverly Hills 6750 saga [Part 1]

Reconstructing a beauty business

Beverly Hills 6750 is a multi-specialty aesthetic center that offers cosmetic surgery and other beauty services. To Filipinos, the name brings to mind the glitz and glamour of that opulent city in California where many Hollywood stars live. Even the clinic’s location, ...

by Peter Imbong  | October 29, 2011 08:00:00
Startup Tips

What the law says about overtime pay

Are you paying your employees right?

The law requires an employee to work no more than eight hours a day to protect his health and to minimize unemployment by forcing employers to use shifting when they require more work hours to run their businesses efficiently. Nonetheless, an employee ...

by Riva Khristime Maala  | October 26, 2011 01:00:00

Ready to sign? Factors to consider in a franchise agreement

Three things that will help you understand better

Before you sign that franchise agreement make sure you read the three tips that has compiled for you. While you can be sure of the franchise brand you are about to sign up for, are you sure about what the franchise ...

by Entrepreneur Staff  | September 22, 2011 11:00:00
Business Ideas

Drug agency reminds SMEs to renew license for dangerous substances

Non-renewal of license can lead to jail time and fine

If your business involves handling of dangerous drugs and substances, better check that your license to handle and sell these drugs are not yet expired, lest the Philippine Drug Enforcement Agency comes knocking down on your door.Recently, the PDEA said that they ...

August 22, 2011 01:00:00
Business Ideas

Knowing your rights as a creative entrepreneur

As an entrepreneur running a creative business, you should be aware of your legal rights

As an entrepreneur running a creative business, you should be aware of your legal rights. First off, copyright law grants authors, computer programmers, web site designers, and other creators legal protection for their literary, artistic, dramatic and other types of creations, which ...

August 16, 2011 01:00:00
Business Ideas

Why is it important for entrepreneurs to remit the proper taxes?

Andrew Tan group to pay P12 billion worth of taxes

Recently, the Andrew Tan-led Alliance Global Group Inc. and its companies announced that they are remitting more than P12 billion in taxes and fees to the national government for 2011. The amount will cover the group’s income tax, net value added tax, ...

by Carlo P. Mallo  | August 11, 2011 07:00:00