Starting a business means choosing the correct form of organization. Of all the forms, you know what, corporation has the advantage over the rest. Perhaps you would probably ask “why incorporate and go through the hassles of extra paperwork and tax returns?” Why incorporate? Ladies and gentlemen, incorporation is just another form of insurance. How?
Last January 21st, I posted a topic about Revenue Regualtions number 15 of 2010 (BIR RR 15-2010). Now, I would like to share a copy of the regulation for your reference. RR-15 of 2010 is all about an additional procedure and/or documentary requirements in submitting financial statements to the BIR. For example, in addition to disclosure