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LINCENSED PROFESSIONAL REGISTRATION

Licensed professionals in the Philippines may engage in business activities either as sole proprietors or as partners in a professional partnership or corporation. However, the rules and regulations governing licensed professionals’ business registration in the Philippines are different from those of ordinary businesses.

For instance, professional partnerships or corporations are governed by the Philippine Accountancy Act, the Philippine Engineering Law, and the Philippine Architecture Act. Under these laws, licensed professionals may form a professional partnership or corporation to engage in the practice of their profession, provided that at least 60% of the capital stock or partnership interest is owned by licensed professionals.

It is important for Licensed Professionals in the Philippines to understand their legal obligations and comply with the necessary requirements to avoid legal issues and ensure the sustainability of their business.

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