Category: My Business

  • SEC Registration Requirements for Stock Corporation

    Here are the requirement that you need to prepare in connection with the registration of a stock corporation with the Philippine Securities and Exchange Commission (SEC). 1) COVER SHEET 2) NAME VERIFICATION SLIP 3) BANK CERTIFICATE OF DEPOSIT OF PAID-UP CAPITAL (notarized in the place executed) 4) ARTICLES OF INCORPORATION 5) TREASURER’S AFFIDAVIT 6) BY-LAWS…

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  • The AASC alert and the RR 15-2010

    A copy of alert from the Auditing and Assurance Standards Council (AASC) has been in my inbox a week ago and its only now that I find time to write for this blog about another topic. Anyhow, I am sharing you this alert for your information and reference. Find time to download and read this…

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  • Search Food Recipes Using Google

    Surprisingly, this blog is having a lot of queries on food recipes especially soipao, doughnut, and even yema making. Anyhow, did you know that there is an easy way of searching and getting food recipes using the google search filter?  Yes po! Google has now a search filter for a recipe. It’s a new way…

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  • How to extend or shorten the life of a Corporation

    The Corporation Code of the Philippines under section 37 allows a corporation to “extend” as well as to “shorten” its term of existence. Dissolving a corporation prior to its expiration, say 50 years, or whatever the term fixed in the Articles of Incorporation, can be done by amending the Articles of Incorporation to shorten the term…

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  • BIR related, How is a particular taxpayer selected for audit?

    Officers of the BIR, like for example the Revenue District Officers, the Chief of Large Taxpayer Assessment Division, or the Chief of Excise Taxpayer Operations Division, or even the Chief of Policy Cases and Tax Fraud Division, are responsible for the conduct of audit and/or investigation.  The same offices are the one responsible for the preparation…

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