Titucorposor

another taxi company, processed by us. call now. 09177210097. look for ely.

another transport corporation, EE TRANSPORT, is registered. by us. text or contact us now: 09177210097.

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another newly-minted corporation which will open in siargao island: MSM DEVELOPMENTS INC. of course, it used our SEC registration services. hire us now 09177210097. ask for ely.

congrats to the newly registered taxi/transport company MARMIC TRANSPORTATION CORPORATION, which engaged our SEC registration services. call now: 09177210097. ask for ely.

SEC?

Fact Check: Ano ang ibig sabihin ng S-E-C? Security agency ba yun? 🤔

The Securities and Exchange Commission (SEC) is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, and the securities and investment instruments market, as well as the protection of the investing public.

Always check for spelling mistakes! ✅

an LPG retailer, another corporation we helped to register with the SEC: NORTHERN QI LPG CORPORATION. hire us. please contact 09177210097.

another construction corporation registered through our assistance: CSL INTERIORS AND CONSTRUCTION SERVICES INC. engage us for your SEC-registration needs. please contact: 09177210097.

📢 𝐒𝐄𝐂 𝐄𝐗𝐓𝐄𝐍𝐃𝐒 𝐃𝐄𝐀𝐃𝐋𝐈𝐍𝐄 𝐅𝐎𝐑 𝐀𝐌𝐍𝐄𝐒𝐓𝐘 𝐀𝐏𝐏𝐋𝐈𝐂𝐀𝐓𝐈𝐎𝐍

The Securities and Exchange Commission is extending the deadline for applications for amnesty for late and non-filing of annual reportorial requirements.

Eligible companies now have until 𝐉𝐔𝐍𝐄 𝟑𝟎 to finish their amnesty applications. Moreover, applicants now have 𝟗𝟎 𝐃𝐀𝐘𝐒, instead of 45 days, from the date of payment to submit their latest due financial statements.

After the extended deadline of June 30, an updated scale of fines and penalties for the covered reportorial requirements shall be implemented.

To find out if your company is eligible for amnesty, visit amnesty.sec.gov.ph

Download the forms and requirements at bit.ly/amnestyforms and watch our tutorial videos for a step-by-step guide on the application process: linktr.ee/secphilippines

To know more about the requirements and procedure, read SEC Memorandum Circular No. 2, Series of 2023: https://www.sec.gov.ph/mc-2023/sec-mc-no-02-series-of-2023/ .tab=0

To know more about the extension of the deadline, read SEC Memorandum Circular No. 6, Series of 2023: https://www.sec.gov.ph/mc-2023/sec-mc-no-06-series-of-2023/ .tab=0

you want to engage in sand and gravel business but to limit its attendant risks as well? well, our client has. we assisted them in registering their business with the SEC. for your registration needs, contact us at 09177210097 (whatsapp/viber) and 09999960337. or email us at: [email protected]

you want to engage a referee for a local boxing match? or a set of officials for a boxing match? with very high degree of professionalism? here is your professional boxing organization of officials. we assisted them to register their organization. should you wish to register your club, society, sorority, fraternity, organization, we will be here for you. contact us at 09177210097 (whatsapp/viber) and 09999960337. or email us at: [email protected]

trading/buying/selling/importing in different kinds of goods? here is another corporation just starting to engage in trading. should you wish to register yours, contact us at 09177210097 (whatapp/viber). 09999960337. or email us at [email protected].

WHY OPC? Why do you have to choose a one-person corporation (OPC) over a regular corporation with two or more persons for your business?

First, all aspects of the business operations of the OPC are decided by one person alone. He is the automatic president. He can be the treasurer too if he wants (if he is willing to put up the required bond). In short, there is faster/quick decision-making.

Second, OPC is a corporation so the principle of limited liability and the doctrine of separate corporate personality apply.

What is the principle of limited liability? This means that the stockholder who puts up the 100% of the OPC’s capital is liable only up to the extent of his invested capital. If the OPC becomes bankrupt or has debts, the stockholder is not required anymore to give additional capital to continue the business or to pay off the OPC’s debts.

What about the doctrine of separate corporate personality? This means that the law sees the OPC as a person with an identity separate from the stockholder who formed it (the OPC acts as if it is another/separate human being from its stockholder, only that it is not a real human being, because only the law gives birth to it through a process called legal fiction, not by an actual human mother). Therefore, any and all legitimate debts or losses incurred by the OPC are considered as OPC’s debts or losses alone, and not as personal debts of the stockholder forming it even if the latter was the one who transacted the said debts/losses in behalf of the OPC. Another way of saying it is that the personal assets of the stockholder will not be liable for the legal debts or losses of the OPC—only the assets (cash & properties) of the OPC will answer for them--because again an OPC is considered by law as a separate person with legal status;

Third, there are no board of directors (BOD) to elect or maintain, no board meetings, no salaries/per diems to pay the BOD, no BOD signatures to secure for approval, no BOD to fight with. in short, OPC is low maintenance.

Fourth, as opposed to single proprietorship, again OPC enjoys limited liability. Where the personal assets of the proprietor in the single proprietorship business are liable for all his debts and losses, the OPC’s assets are separately liable for its legal all debts and losses, not the personal assets of the stockholder who puts up the 100% capital in it.

Fifth, with respect to taxes, single proprietorship is taxed in graduated rates from 20% to 35% whereas OPC is taxed at a fixed rate of 20%. Obviously, the higher income the business has like a single proprietorship, it will be taxed at a maximum rate of 35%, while if it is an OPC, it will be taxed at a steady rate of 20%.

When it comes to claims for costs and deductions to arrive at the taxable income, OPC gets an advantage too over a single proprietorship because OPC can both claim costs and deductions to subtract from sales while a single proprietorship can only claim deductions, not costs, to arrive at the taxable income.

To illustrate, if you use the 40% rate for Optional Standard Deduction (OSD) instead of the Itemized Deductions (ID) to arrive at your taxable income, for single proprietorship the basis of 40% OSD rate is the sales, while for OPC, the basis is gross income.

Assuming there is 10m sales for the single proprietorship and 10m sales for OPC, OSD for the former is 4m while OSD for the latter is also 4m, but then the former cannot claim costs to subtract from sales because a single proprietorship uses sales as basis to multiply the 40% OSD rate. Whereas the OPC, on the other hand, can deduct still costs from sales because the 40% OSD rate is applied to the gross income, not sales. To recap, using OSD, the single proprietorship can deduct OSD only to arrive at its taxable income while OPC can both deduct costs and OSD to arrive its taxable income. There is savings therefore if you use OPC and adopt OSD.

Should you seek assistance in registering your OPC, message us. Or reach us at 09177210097(globe/viber/whatsapp) or 09999960337 (smart). Look for Ely.

Or you may visit our physical office located at Room 208, A. Geson Bldg., D. Jakosalem St., Brgy. Zapatera, Cebu City 6000. Our landline numbers (032) 4074388(globe) and (032) 2545103 (pldt). You can talk or call any of our three secretaries: Jenny (09228345354), Jacky (09054779366), and Algie (09653809592).

Attached to this post is an OPC we registered for a client from San Felipe, Zambales. Our proof that we can serve you even if you are outside of Cebu. We now use emails. And private couriers (LBC/DHL/JRS/J&T). Distance therefore is not an issue to serve you.

An exclusive club? For members only? Can we register it with the Securities and Exchange Commission (SEC)? Can we open a bank account once our club is registered? Can our club once registered buy land or building in its own name for exclusive use by members? Yes. Yes. Yes. Reach us at 09177210097 (globe/viber/whatsapp) & 09999960337 (smart). Look for Ely.

Or you may visit our physical office located at Room 208, A. Geson Bldg., D. Jakosalem St., Brgy. Zapatera, Cebu City 6000. Our landline numbers (032) 4074388(globe) and (032) 2545103 (pldt). You can talk or call any of our three secretaries: Jenny (09228345354), Jacky (09054779366), and Algie (09653809592).

Attached to this post is a SEC certificate for an exclusive club we registered for a client.

An exclusive club? For members only? Can we register it with the Securities and Exchange Commission (SEC)? Can we open a bank account once our club is registered? Can our club once registered buy land or building in its own name for exclusive use by members? Yes. Yes. Yes. Reach us at 09177210097 (globe/viber/whatsapp) & 09999960337 (smart). Look for Ely.

Or you may visit our physical office located at Room 208, A. Geson Bldg., D. Jakosalem St., Brgy. Zapatera, Cebu City 6000. Our landline numbers (032) 4074388(globe) and (032) 2545103 (pldt). You can talk or call any of our three secretaries: Jenny (09228345354), Jacky (09054779366), and Algie (09653809592).

Attached to this post is a SEC certificate for an exclusive club we registered for a client from Dasmarinas, Cavite. Our proof that we can serve you even if you are outside of Cebu. We now use emails. And private couriers (LBC/DHL/JRS/J&T). Distance therefore is not an issue to serve you.

ONE PERSON CORPORATION VS. SOLE PROPRIETORSHIP:

3 Major Differences Between Sole Proprietorship & One Person Corporation (OPC) - Check out these 3 critical differences between OPC and Sole Proprietorship before you register your business.

WHY OPC? Why do you have to choose a one-person corporation (OPC) over a regular corporation for your business?

First, all aspects of the business operations of the OPC are decided by one person alone. He is the automatic president. He can be the treasurer too if he wants (if he is willing to put up the required bond). In short, there is faster/quick decision-making.

Second, OPC is a corporation so the principle of limited liability and the doctrine of separate corporate personality apply.

What is the principle of limited liability? This means that the stockholder who puts up the 100% of the OPC’s capital is liable only up to the extent of his invested capital. If the OPC becomes bankrupt or has debts, the stockholder is not required anymore to give additional capital to continue the business or to pay off the OPC’s debts.

What about the doctrine of separate corporate personality? This means that the law sees the OPC as a person with an identity separate from the stockholder who formed it (the OPC acts as if it is another/separate human being from its stockholder, only that it is not a real human being because only the law gives birth to it through a process called legal fiction--not by an actual human mother). Therefore, any and all legitimate debts or losses incurred by the OPC are considered as OPC’s debts or losses alone, and not as personal debts of the stockholder forming it even if the latter was the one who transacted the said debts/losses in behalf of the OPC. Another way of saying it is that the personal assets of the stockholder will not be liable for the legal debts or losses of the OPC—only the assets (cash & properties) of the OPC will answer for them--because again an OPC is considered by law as a separate person with legal status;

Third, there are no board of directors (BOD) to elect or maintain, no board meetings, no salaries/per diems to pay the BOD, no BOD signatures to secure for approval, no BOD to fight with. in short, OPC is low maintenance.

To avail of our services in registering your OPC, message us. Or reach us at 09177210097(globe/viber/whatsapp) or 09999960337 (smart). Or email us at [email protected] and [email protected].

Our physical office is located at Room 208, A. Geson Bldg., D. Jakosalem St., Brgy. Zapatera, Cebu City 6000.

Attached to this post is an OPC we registered for a client from San Felipe, Zambales. Our proof that we can serve you even if you are outside of Cebu. We now use emails. And private couriers (LBC/JRS/J&T). Distance therefore is not an issue to serve you.

ADVANTAGES OF A ONE-PERSON CORPORATION: 1. ALL ASPECTS OF THE BUSINESS ARE DECIDED BY ONE PERSON ALONE; 2. OPC IS A CORPORATION AND THEREFORE HAS LIMITED LIABILITY; 3. OPC REQUIRES NO BOARD OF DIRECTORS, THUS, NO BOARD MEETINGS, NO BOARD RESOLUTIONS TO MAKE, NO BOD SALARIES, IN SHORT, LOW MAINTENANCE;

Advantages of the one-person corporation | Joseph Araneta Gamboa UNDER the Revised Corporation Code enacted in 2019, organizing a one-person corporation (OPC) is now allowed. Officially known as Republic Act 11232, it amended the nearly 40-year-old Corporation Code of the Philippines that dates back to the martial law era. In its present form, the RCC is envision...

POTENTIAL RISK/LIABILITY TO SINGLE PROPRIETORSHIP OWNERS OPERATING RESTAURANTS: RESTAURANT BUSINESSES CAN BE MADE LIABLE FOR AIRING MUSIC BROADCASTED BY RADIO STATIONS. SINCE THE MUSIC AIRED BY THE RADIO STATIONS ARE COPYRIGHTED, THE AIRING OF SUCH MUSIC INSIDE THE RESTAURANTS ARE CONSIDERED A DIFFERENT PERFORMANCE WHICH THE OWNER OF THE MUSIC CAN COLLECT ROYALTIES. WHY? BECAUSE RESTAURANTS' INCOMES ARE ENHANCED WHEN THE CUSTOMERS/DINERS ARE ENTERTAINED. MAKE A ONE-MAN CORPORATION/REGULAR CORPORATION NOW. PROTECT YOUR PERSONAL ASSETS.

SC: Musicians can collect royalty for radio play in commercial sites In a legal victory for the country’s music industry and advocates of intellectual property protection, the Supreme Court has ruled in favor of the Filipino Society of Composers, Authors and

Titucorposor updated their business hours.

TRAVEL AGENCY CAN BE 100% FOREIGN-OWNED IF IT COMPLIES WITH THE USD200,000 DOLLARS PAID UP CAPITAL REQUIREMENT:

Opinion No. 18-04 Re: Foreign Equity Ownership; Travel and Tours. - Securities and Exchange Commission SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Regis...

CORPORATION HAS ITS OWN LEGAL PERSONALITY: in the absence of bad faith, corporate officers will not be made solidarily liable with the corporation which has a distinct and separate legal personality.

G.R. No. 237246 HAYDEN KHO, SR. vs. DOLORES G. MAGBANUA, MARILYN S. MERCADO,* ARCHIMEDES** B. CALUB, MARIA E. ONGOTAN, FRANCISCO J. DUQUE, MERLE*** G. RIVERA; DOLORES A. PULIDO, PAULINO R. BALANGATAN, JR., ANAFEL L. ESCROPOLO, PERCIVAL A. DEINLA, **** JERRY C. ZABALA, ROGELIO C. ONGONION, JR., HELEN B. DELA CRUZ, C...

HEIRS OF STOCKHOLDER, NOT AUTOMATIC STOCKHOLDERS OF A CORPORATION: upon the death of a stockholder, the heirs do not automatically become stockholders of a corporation.

G.R. No. 177066 Philippine Jurisprudence - Joselito Musni Puno (as heir of the late Carlos Puno) vs. Puno Enterprises, Inc., represented by Jesusa Puno

MINIMUM CONTRIBUTION TO OPEN A FOUNDATION: PHP 1 MILLION

MINIMUM CAPITAL TO OPEN A LENDING COMPANY: PHP 1 MILLION

we can process/form a corporation for your trading company, charitable foundation, exclusive club, private association, private commercial port, one-person company (OPC), holding company, marketing company, BPO company, security company, real estate company, manpower agency, shipping company, etc. we can service you wherever you are located. just message us. or give us a call at 09177210097 and 09999960337.