Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

Business Rules for Income

Go down  Message [Page 1 of 1]

1 Business Rules for Income on Tue Feb 16, 2016 12:15 am


Arresto Menor
Does a company should rely solely from the income/collection to be received on an unsure time to pay their employees monthly or it should have enough funds always to avoid delayed salaries?

View user profile

2 Re: Business Rules for Income on Tue Feb 16, 2016 1:13 am


Reclusion Perpetua
Normaly it take time to establish a business, so expect you will need to spend more than you earn at least some months.

Delaying payments, specialy salaries, are very BAD, because such damage motivation seriously and by that damage effectivity.
So you better have founds enough to pay everyone in time in the beginning too (Except if you got credit deal with suppliers. Some suppliers agree to give credit, different long time.)

In many cases it's a crime to not pay within agreed time. So better avoid delays by that reason too Smile

View user profile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum