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If you follow the 100 percent-leveraged philosophy, you’ll being the strongest of all positions. You can sit back and objectively assess the performance of the business. It’s difficult for laypeople to understand but the more debt your business has, the more patient creditors will be with you. The reason is simple. If your business fails, creditors stand to
Hello guys and gals, I am back! Anyhow, my topic now is about investment. And when we talk about investment we talk about a decision. And If you will ask me, intelligent approach to a wise investment is knowing first the basic questions that you should ask yourself before you start your venture. These are
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
Business, it’s all about risk. Just like entrepreneurship it is risk. Why, because if you’re planning to venture a business, think about this, you only have 20% chance of making it through the first five years. And most start-ups died on its two years of operations. You tell me of people bragging about their ventures,
Bong Corpuz & Co. CPAs 