Ensuring that everyone has a place to call home is one of life’s fundamental necessities. To address this need, the government established the Home Development Mutual Fund, commonly known as the Pag-IBIG fund, back in the 1970s. Today, Pag-IBIG fund loans can be used for a wide range of purposes, making it a valuable resource…
Hospital expenses and other healthcare costs are unquestionably among the most significant and often unforeseen financial burdens that impact individuals, particularly self-employed individuals/professionals, and solopreneurs. As a solopreneur, you have likely invested a substantial portion, if not all, of your resources into your business. Therefore, in the event of a severe illness or accident, this…
Being a self-employed individual/professional or a solopreneur means that you are not covered by an employer for your Social Security System (SSS), Home Development Mutual Fund (Pag-IBIG), and Philippine Health Insurance Corporation (PhilHealth) contributions. For individuals who have transitioned from employment where these contributions were automatically deducted from their salary, it is advisable to continue…
You might be curious about why you need barangay clearance to start a business. It’s just one of those necessary steps for anyone starting a business. You can easily get your Barangay Business Clearance at the Barangay Hall in the city where you live or plan to do business. What do I need to…
It’s always a smart move to “officialize” your business, whether you’re working as a freelancer, an online seller, or any other endeavor. This not only safeguards your interests but also ensures your customers’ trust. To legitimize your work, obtaining a Business Permit, often referred to as a Mayor’s Permit, is essential. After securing your DTI…
If you’re considering venturing into the world of online selling as an independent business owner, you may have encountered the term “sole proprietorship.” This term isn’t commonly used in everyday conversation, even among business owners or sole proprietors themselves. So, let us simplify the concept and explain how you can apply for it. Who…
Many Filipinos start working as a freelancer on top of their full-time careers. But if you think you’re ready to begin your journey towards running your own legal freelance business, this guide is for you. Registering yourself as a sole proprietor legitimizes you as a full-fledged business that abides by government regulations and compliance requirements.…
Are you thinking of starting your online selling business in the Philippines this 2024? With the new Revenue Regulations No. 16-2023 in effect, it’s important to understand the updated process. Here’s a simple guide to help you register your online business and comply with the latest regulations: Determine Your Business Structure: Decide on the legal…