Business & Contracts
7 questions, each answered in plain language with the law behind the answer.

My sari-sari store or small business has less than ₱3 million in assets. Can I register as a BMBE and stop paying income tax?
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Do I still have to pay the ₱500 BIR Annual Registration Fee? What changed for small businesses under the Ease of Paying Taxes (EOPT) Act?
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Is a non-compete clause in my employment contract legally enforceable in the Philippines?
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Can I set up a corporation by myself? What is a One Person Corporation (OPC) and how is it different from a sole proprietorship?
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I sell on Shopee, Lazada or Facebook Marketplace from home. Do I really need to register with the BIR and pay taxes as an online seller?
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I want to start a small business on my own. How do I register a sole proprietorship with the DTI, the barangay, the mayor's office and the BIR?
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