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
Basics of Land Titles, Transactions, and Real Property Registration
One of the safest businesses out there is investing in real estate. It is so because real property appreciates in value, and may serve as shield against inflation. However, in order to engage in real estate business, one must have an understanding of land titles, and on how dealings with real property work. After all, persons who engage in real estate business may find such endeavor advantageous not only from an entrepreneurial standpoint, but also from the perspective of accumulating personal assets.
Retired From SSS, and Still Working?
When a business owner is old enough and has chosen to
retire under the Social Security System, can he still continue to enjoy his retirement benefits even while he continues working? In knowing the answer, it is important that he fully understands his retirement rights, and knows how to make the most out of his benefits, to be empowered even as a retiree.
Doing Business Under a Separate Corporate Personality
Business owners who have created their own corporations are enjoying the benefit of being a separate person from their respective businesses. It is so because under the law, a corporation is an artificial person, which is vested with a legal personality of its own, separate and distinct from the persons comprising it. Business owners therefore have to understand how the concept of separate corporate personality works, as well as the instances when it does not apply. Only by knowing it fully well can a businessman appreciate how he can use the corporation’s separate personality to his advantage in limiting his personal liabilities.
Understanding and Fixing Wage Distortion Issues
As part of our laws on labor standards, it is the State’s mandate to fix minimum wages, consistent with the Constitutional right of workers to a living wage. However, whenever new Wage Orders are issued by the Philippine Government, there is a possibility for affected enterprises to experience wage distortion, which, if left unaddressed, might affect the employees’ productivity and cause labor unrest. It is therefore important for employers to understand the concept of wage distortion, what it means to their business, and what to do in order to fix it in case it occurs in their establishment.
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