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AN ACT AMENDING ARTICLE 39 OF ACT NO. 3815 (REVISED PENAL CODE) INCREASING THE RATE PER DAY OF SUBSIDIARY PENALTY FROM TWO PESOS AND FIFTY CENTAVOS TO EIGHT PESOS. What are Afflictive penalties? Afflictive penalties: Perpetual or temporary absolute disqualification, Perpetual or temporary special disqualification, Prision mayor. What is accessoryRead More →

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Advantages and Disadvantages of a For-Profit Subsidiary The main disadvantage is that resources, personnel, and administrative expense must be doubled to run two separate entities. Maintaining entity separation is crucial because failing to do so could lead to attribution of non-exempt activities to the nonprofit. How is profit shared inRead More →