By virtue of Proclamation No. 361, s. 2000, the third week of July is declared as the National Disability Prevention and Rehabilitation Week.

Under the Labor Code, an employer may also terminate the employment of any employee due to the installation of labor-saving devices. (Article 298, Labor Code)

Republic Act No. 8293 or the Intellectual Property Code of the Philippines shall protect and secure the exclusive rights of scientists, inventors, artists and other gifted citizens to their intellectual property and creations, particularly when beneficial to the people. (Section 2, Part I, Intellectual Property Code)

A One-Person Corporation is a corporation with a single stockholder. (Section 116, Revised Corporation Code)

Any person who shall violate the provisions of the Civil Code on warranties shall be subject to fine of not less than Five Hundred Pesos (P500.00) but not more than Five Thousand Pesos (P5,000.00) or an imprisonment of not less than three (3) months but not more than two (2) years or both upon the discretion of the court.

Any technical solution of a problem in any field of human activity which is new, involves an inventive step and is industrially applicable shall be patentable. It may be, or may relate to, a product, or process, or an improvement of any of the foregoing. (Section 21, Chapter II, Part II, Intellectual Property Code)

A sole proprietorship is a form of business organization with only one proprietary owner, a single individual who conducts business under his own name or a business name. (p.3, Commentaries and Jurisprudence on the Revised Corporation Code of the Philippines, Aquino, 2020)

A business name (BN) shall refer to any name that is different from the true name of an individual which is used or signed in connection with her/his business on any written or printed receipts, including receipts for business taxes, duties and fees and withdrawal or delivery receipts; any written or printed evidence of any agreement or business transaction; and any sign or billboard conspicuously exhibited in plain view in, or at the place of her/his business or elsewhere, announcing his or her business. (Section 4.4, DAO No. 10-01, s. 2010, as amended by DAO No. 10-08, s. 2010)

By virtue of this Proclamation No. 400, s. 1953, July 13 to 19 of every year is declared as “Philippines Business Week”.

Under Republic Act No. 9178 or the Barangay Micro Business Enterprises (BMBE’s) Act of 2002, accredited enterprises who have a total asset value of not more than Three Million Pesos (PhP3,000,000.00) are exempted from payment of income tax. This exemption from income tax, however, does not equate to exemption from payment of value-added tax (VAT) and percentage taxes.