The Revised Corporation Code of the Philippines, enacted in 2019, brought about significant changes to the country’s corporate landscape. This post explores the implications of these changes for businesses operating in the Philippines.

Key Changes in the Revised Corporation Code

The Revised Corporation Code introduced several key changes, including the allowance for one-person corporations, the removal of the minimum capital requirement, and the introduction of perpetual corporate term.

Implications for Businesses

These changes have far-reaching implications for businesses. For instance, the allowance for one-person corporations has made it easier for entrepreneurs to start their own businesses. On the other hand, the removal of the minimum capital requirement has lowered the barriers to entry for starting a corporation.

Navigating the New Corporate Landscape

While these changes offer new opportunities, they also present new challenges. Businesses must understand and comply with the new regulations to avoid legal complications.

The Revised Corporation Code has reshaped the corporate landscape in the Philippines, offering new opportunities but also presenting new challenges. With the right legal guidance, businesses can navigate these changes and thrive in the new corporate environment.

At Mendoza-Abdon Law Office, we are committed to helping businesses navigate the new corporate landscape. Our team of experienced attorneys can provide guidance on the Revised Corporation Code and its implications for your business.