Sole Proprietorship vs. One-Person Corporation

• A One-Person Corporation is a corporation with a single stockholder. (Section 116, Revised Corporation Code)

• 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)

• Unlike a one-person corporation, a sole proprietorship does not have a juridical personality separate and distinct from the personality of the owner of the enterprise. (Stanley Fine Furniture v. Victor Gallano, G.R. No. 190486, November 26, 2014)

Why choose ALBURO LAW?

Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

Contact us: 09778050020 | 09778050015 | (02) 7745-4391

Email us: [email protected] | [email protected]

April 2024 TRAINING PROGRAM
Understanding Contracting and Subcontracting under Labor Laws
How to Prepare for and Handle BIR Audits
How to Avoid Illegal Dismissal Cases
Theft of Company Property: What to Do When Employees Steal in the Workplace
One-Person Corporation Simplified
Legal Tips for Employers on Collective Bargaining Agreement (CBA) Negotiations