Business Registration for a Sole Proprietorship in the Philippines

A sole proprietorship is a business structure controlled by a single person who has

complete control and power over the company. The business owner is known as a
"single proprietor," and he or she owns all of the company's assets and income. He or
she is also personally accountable for any debts or losses incurred by the company.
The business registration process for a sole proprietorship is quite simple because it is
the simplest form of business in the Philippines. Sole proprietorships are also the
simplest to manage because they lack the formalities and requirements that
corporations and partnerships do, such as board meetings, board elections, share
capital, and so on.