Primearc promotes ease of doing business for corporations, partnerships, or single proprietorships with our bundle of services for setting up/ starting a new business and maintaining sound business status. With our expertise, info requirements and filing procedures with the necessary government agencies are handled more professionally, processing turnaround is facilitated, SEC registration and locator business permits are secured. As a result, overall time to start operating is significantly shortened.
In addition, Primearc also provides special services for companies that may require additional registration/permits or accreditations with government agencies like PEZA or BOI. With our assistance, companies will be able obtain tax and fiscal incentives that will enhance the viability of their operations.
After commencement of operations, the business entity will have to undertake renewal of business permits with the local government where business is situated including periodic submissions of required info to other government agencies like SEC, BIR and for other companies with licenses with PEZA/ BOI. These steps are needed maintain its sound business status. With continuing interface and contacts with various government agencies, Primearc can also render these services in client’s behalf and enable them to focus on their primary business
The simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as Nancy's Nail Salon. The fictitious name is simply a trade name--it does not create a legal entity separate from the sole proprietor owner.
A corporation is created when it is incorporated by a group of shareholders who have ownership of the corporation, represented by their holding of common stock. to pursue a common goal. A corporation's goals can be for profit or not, as with charities. However, the vast majority of corporations aim to provide a return for its shareholders. Shareholders, as owners of a percentage of the corporation, are only responsible for the payment of their shares to the company's treasury upon issuance.