A sole proprietorship is a form of business organization with only one proprietary owner, a single individual who conducts business under his own name or a business name. (p.3, Commentaries and Jurisprudence on the Revised Corporation Code of the Philippines, Aquino, 2020)
Joint venture is an organization formed for some temporary purpose.
A joint venture, therefore, is akin to a partnership, the essential elements of which are as follows:
(1) an agreement to contribute money, property, or industry to a common fund; and
(2) an intent to divide the profits among the contracting parties.
(Carlos Valdes vs. La Colina Development Corporation, G.R. No. 208140, July 12, 2021)
In the past, women were forced to stay home and were not allowed to pursue education and employment. However, recent statistics show that society appears to have improved in this regard. Yet even though women make up a large portion of the work force, they are still somehow expected to take primary responsibility for childcare and the management of the home.
A franchise is defined to be a special privilege to do certain things conferred by government on an individual or corporation, and which does not belong to citizens generally of common right.
Imagine you’re selling a parcel of land, but you can’t be present when the buyer signs the contract. How do you make sure everything goes smoothly? That’s where a Special Power of Attorney (SPA) steps in.
Pursuant to Proclamation No. 1667, series of 2008, November 19 to 25 of every year is declared as the “Global Warming and Climate Change Consciousness Week”.
National Tourism Week is celebrated on the last week of September of every year, as per Proclamation No. 894, series of 1996.
A cottage industry refers to any economic activity carried on mainly in the homes for profit. It is usually small-scale and mainly done with the help of family members.
Recruitment and placement refers to any act of canvassing, enlisting, contracting, transporting, utilizing, hiring, or procuring workers, and includes referrals, contract services, promising or advertising for employment, locally or abroad, whether for profit or not: Provided, That any person or entity which, in any manner, offers or promises for a fee employment to two or more persons shall be deemed engaged in recruitment and placement.
Under the Condominium Act, any foreign investor shall be allowed to lease private lands in the Philippines provided that the lease contract shall be for a period not exceeding 50 years but may be renewed once for not more than 25 years, the leased area is used solely for the purpose of investment and the leased premises comprise of such area as may reasonably be required for the purpose of the investment.
