Introduced as a fresh business structure, the One Person Corporation (OPC) in the Philippines is reshaping the entrepreneurial landscape. Unlike traditional corporations that require at least five incorporators, an OPC allows a single individual to reap the benefits of a corporation.
Why consider an OPC? Limited liability tops the list. Your personal assets remain protected against company liabilities. Additionally, managing operations becomes simpler without a board, although there’s a need for a nominee and an alternate nominee.
Registration resembles that of regular corporations, but with tweaks. After securing a unique name with SEC, ensure you meet the eligibility criteria. Remember, foreign entities and trusts cannot establish an OPC.
OPC represents a perfect blend of sole proprietorship’s simplicity and a corporation’s robustness. It’s an option worth considering for the modern Filipino entrepreneur.
Navigating the business landscape in the Philippines can be both rewarding and intricate. Whether you’re embarking on a new venture or scaling up, ensuring that your corporate endeavors are in line with local regulations is paramount.
At CBOS Business Solutions Inc., we pride ourselves on simplifying these processes for our clients. As a seasoned professional services company, we offer comprehensive assistance with SEC Registration, Visa processing, and a myriad of other essential business requirements. Our team of experts is dedicated to ensuring that your business is compliant, well-established, and ready to thrive in the Philippine market.
Why venture into the complexities of business registration and compliance alone? Allow our team to guide you every step of the way. After all, your success is our commitment.
Get in touch today and let us be your partner in achieving your business goals in the Philippines.
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