In the sale of shares of stock, physical delivery of a stock certificate is one of the essential requisites for the transfer of ownership of the stocks purchased...
The deposit is a jurisdictional requirement which must be satisfied before the court can entertain any action assailing the validity of the public auction sale...
The law requires the OPC to designate a nominee and an alternate nominee who, in the event of the single stockholder’s death or incapacity, shall take the place of the single stockholder...
JMC No. 01, series of 2022 provides for the guidelines on the mandatory provision of statutory benefits of the senior citizens and persons with disability...
Even before the settlement of the estate, an heir may file an action for reconveyance of possession as a co-owner thereof, provided that such heir recognizes and acknowledges the other co-heirs as co-owners of the property...
The phrase “doing business” shall include soliciting orders, service contracts, opening offices, whether called “liaison” offices or branches; appointing representatives or distributors domiciled in the Philippines...
The tax exemption granted to non-stock, non-profit educational institutions is conditioned only on the actual, direct and exclusive use of their revenues and assets for educational purposes...
Gross negligence has been defined as the want or absence of even slight care or diligence as to amount to a reckless disregard of the safety of the person or property...
Upon placement of order, the Senior Citizen or Person with Disability must provide his/her name, date of birth, and the lD number...
The real property tax is due to the local government unit where the property is located. Pending resolution of the boundary dispute...
The employment contracts are deemed to subsist and continue by the combined operation of the Corporation Code and the Labor Code under the backdrop of the labor and social justice provisions of the Constitution...
Until and unless the transfer of the shares of stock is duly recorded in the stock and transfer book of the corporation, it is not binding upon the corporation.
Independent contractors often present themselves to possess unique skills, expertise or talent to distinguish them from ordinary employees...
The OPC, like an ordinary corporation, is a juridical entity with personality separate and distinct from that of the single stockholder...
A One Person Corporation is a corporation with a single stockholder, who can only be a natural person, trust or estate...
It is imperative to determine the location of the property in order to identify who between the local government units involved has the authority to collect real property tax...
The amount of the consequential damages representing loss of the victim’s earning capacity is subject to tax since such damages are merely replacement of income which would have been subjected to tax if earned...
if the right is to be denied, the burden of proof is upon the corporation to show that the purpose of the shareholder is improper, by way of defense...