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Legal Basis of Entrepreneurship Engagements
Legal Basis of Entrepreneurship Engagements
WORKSHEET NO. 3.
Name of Student: Yani Jasmin P. Alcance Course: BSME-4B Date: January 3, 2023
Objective
1. Familiarization with the Legal Parameters concerning Entrepreneurship engagements in the
Philippines (2-4 pages only)
Laws Instructions: Write 2 specific provisions (article Question 1: In which way these
or section) from each given law that you believe provisions can help you in your
are beneficial to entrepreneurs entrepreneurial pursuits?
1987Constitution of Article XII (Section 1) - The goals of the national The entrepreneurs support economic growth,
the Philippines economy are a more equitable distribution of generate employment, and produce new goods
opportunities, income, and wealth; a sustained increase and services that can improve the world.
in the amount of goods and services produced by the
nation for the benefit of the people; and an expanding
productivity as the key to raising the quality of life for
all, especially the underprivileged.
Corporation Code of Section 4 - Corporations Created by Special Laws or These regulations can aid entrepreneurs in
the Philippines Charters. – Corporations created by special laws or maintaining effective communication with
2019 charters shall be governed primarily by the provisions their business partners.
of the special law or charter creating them or
applicable to them, supplemented by the provisions
of this Code, insofar as they
are applicable
Family Code of the Article 12 - The local civil registrar, upon receiving These provison can help to create a life and
Philippines such application, shall require the presentation of the profession that are directly in line with basic
original birth certificates or, in default thereof, the values, such as giving back to the community,
baptismal certificates of the contracting parties or protecting the environment, or prioritizing
copies of such documents duly attested by the persons your family.
having custody of the originals. These certificates or
certified copies of the documents by this Article need
not be sworn to and shall be exempt from the
documentary stamp tax. The signature and official title
of the person issuing the certificate shall be sufficient
proof of its authenticity.
Labor Code of the Article 49. Administration of training programs With the help of these laws, you may
Philippines - The Council shall provide, through the Secretariat, show your appreciation for and good
instructor training, entrepreneurship development,
treatment of your employees by giving
training in vocations, trades and other fields of
employment, and assist any employer or organization them health and life insurance.
in training schemes designed to attain its objectives
under rules and regulations which the Council shall
establish for this purpose.
Intellectual Property Section 3. International Conventions and The entrepreneurs support economic growth,
Law (IP Rights) Reciprocity. - Any person who is a national or who generate employment, and produce new goods
is domiciled or has a real and effective industrial and services that can improve the world.
establishment in a country which is a party to any
convention, treaty or agreement relating to intellectual
property rights or the repression of unfair competition,
to which the Philippines is also a party, or extends
reciprocal rights to nationals of the Philippines by law,
shall be entitled to benefits to the extent necessary to
give effect to any provision of such convention, treaty
or reciprocal law, in addition to the rights to which any
owner of an intellectual property right is otherwise
entitled by this Act.
Republic Act No. Section 3 - Micro, Small and Medium The entrepreneurs support economic growth,
9501 (Magna Carta Enterprises (MSMEs) as Beneficiaries. — generate employment, and produce new goods
for SMEs MSMEs shall be defined as any business activity or and services that can improve the world.
enterprise engaged in industry, agribusiness and/or
services, whether single proprietorship, cooperative,
partnership or corporation whose total assets, inclusive
of those arising from loans but exclusive of the land on
which the particular business entity’s office, plant and
equipment are situated.
R.A. 9178 BMBE Section 4. Registration and Fees - The Office of The entrepreneurs support economic growth,
Handbook the Treasurer of each city or municipality shall register generate employment, and produce new goods
the BMBE's and issue a Certificate of Authority to and services that can improve the world.
enable the BMBE to avail of the benefits under this
Act.
Name/Nature of Business Specific Laws/Policies for your Relate how the law applies in your
industry/Business business industry
The Local Government Code of
the Philippines (Republic Act
No. 7160) – is the law governing
local taxation in the Philippines,
including the taxation on real
properties.
Labor Code of the Philippines
(Presidential Decree No. 442) – is
the law that governs
employment practices and
labor relations in the
Philippines. (DOLE)
Intellectual Property Code of the
Philippines (R.A. 8293) – is the
law that governs the registration
of patents, trademarks and
copyright, and the enforcement
of intellectual property rights in
the Philippines. (SEC)
The Corporation Code of the
Philippines (B.P. 68) – is the law
that governs the registration
and regulation of corporations These laws may enable me to launch a
in the Philippines. (SEC) thriving company with the ideal
Food and Drug Administration values, goals, and vision for the future
(FDA) Act of 2009 (R.A. No. of the enterprise.
Technology -Kitchen Appliances 9711) – the law that governs the
inspection, registration, licensing
Mini Garlic Skin Remove and monitoring of establishments
and health products.
Machine Consumer Act of the Philippines
(Republic Act No. 7394) – The law
that protects the interest of
the consumers in the
Philippines, promote their
general welfare, and establish
standards of conduct for
business and industry.
Electronic Commerce Act of
2000 (R.A. 8792) – an act
providing for the recognition and
use of electronic commercial and
non- commercial transactions,
penalties for the unlawful use
thereof, and for other purposes
3. Visit DTI Website : Read and familiarize yourself on the Registration Procedure in Business Registration to BIR and DTI.
Check the following links below.
NOTE: This activity is included in this Worksheet in order for the students to get familiar with the requirements and
procedures in registering Business name to BIR and DTI. NO NEED TO SUBMIT OUTPUTS FOR THIS ITEM.
1. https://bnrs.dti.gov.ph/?gclid=EAIaIQobChMI6qD3-LD69gIVlFVgCh3syA9jEAAYASAAEgKFzPD_BwE
List of References:
1. https://blr.dole.gov.ph/2014/12/11/book-ii-human-resorces-development-program/
2. https://www.officialgazette.gov.ph/1997/06/06/republic-act-no-8293/
3. https://www.officialgazette.gov.ph/2008/05/23/republic-act-no-9501/
4. https://www.officialgazette.gov.ph/constitutions/1987-constitution/