The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
How to Register Your Sole Proprietorship With the DTI
Registration of a sole proprietor’s trade name with the DTI is relatively faster and less expensive as compared to registration of other forms of business with the Securities and Exchange Commission, such as corporations. Should he decide to go for a sole proprietorship and operate under a business name, then he is better off knowing that registration with the DTI is relatively easy. After all, most startup businesses operate under a sole proprietorship because, though it is more limited in potential as compared to a corporation, it is nevertheless a good stepping-stone for any entrepreneurial undertaking.
Management Prerogative and Rights of Employers
Despite the constitutional mandate to afford full protection to labor, the employer also has certain rights that need to be recognized. The employer enjoys what are commonly known as management prerogatives, where interference with an employer’s judgment in the conduct of its business is discouraged. For this reason, even the labor authorities themselves, or our courts, often decline to interfere in legitimate business decisions of employers. It is so because the law must protect not only the welfare of employees, but also the right of employers.
How to Register Your Corporation with the SEC
Every starting entrepreneur has to consider the business organization that will carry out the business he is about to establish. Considering that there are several ways by which a business may be organized, one has to at least be familiar, if not equipped with full working knowledge, as to the nature and characteristics of each of his options, and how it will affect the way he does business. Among the options that an entrepreneur may choose is to form a corporation, and therefore, he would be better knowing how to register with the SEC to start his corporate business or undertaking.
What You Should Know About the State Insurance Fund
As Wilke Collins once said, “accidents will happen sometimes, no matter how careful a man may be.” This is the very reason why insurance businesses thrive, and why being insured plays a huge role in managing risks and contingencies. With this, the government developed an Employees’ Compensation Program whereby employees and their dependents may promptly secure adequate income, medical or related benefits from the State Insurance Fund in the event of work-connected disability or death.
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