Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Q: I recently resigned from work because I was tired of being shorted on overtime pay, not being given breaks half the time, being made to work before and after my shift with no pay, and not being reimbursed for using my personal vehicle and cellphone for work. Unfortunately, before being hired, we had to…
PHILADELPHIA – Lunar New Year is one of the most important festivals for millions around the world who return home to spend time with family, eat traditional foods, and share gifts with lots of red – a symbol of good luck and fortune for many Asian cultures. In celebration of the Year of the Tiger,…
Fely Quitevis-Bateman has been in the real estate industry for almost five decades now, starting her career in Manila back in 1974. Through sheer handwork and determination, she was able to create a name for herself after moving to the United States. The Nevada-based businesswoman established Precious Properties and has been calling Pahrump home for…
Initial costs $425: $75 for the Articles of Organization $200 for the State Business License $150 for the Initial List of Managers or Managing Members. Annual costs $350: $200 Renew business license $150 Annual list of managers & members. Other costs: City business license – depends on what City. Registered agent $0 to $125 per…
1. What led you to the role of the new San Leandro Community Manager at Chase? I have always had two different passions when it came to my career. Being in finance for over 20 years, I’ve always been motivated to be an expert in the fundamentals of financial success. My other passion has been…
TAKING steps to protect your personal information can help you minimize the risks of identity theft. But what if a thief gets your information anyway? Here are some of the ways thieves might use your stolen information and signs you can look out for from the Federal Trade Commission (FTC): An identity thief could use…
MANY self-employed individuals have relied on the Paycheck Protection Program (PPP) and other federal pandemic loans to rescue their businesses from going under. If you notice, many restaurants that we go to pre-pandemic have shuttered up permanently despite using up PPP and other loans. Sure the PPP loans helped a lot to keep employees employed,…
Q: COVID continues to be problem for many and is hitting close to home with these new variants that are highly contagious (I know relatives and friends who are getting very sick!). I work for a company that gives 40 hours (5 days) of paid sick leave. If I ever need to take leave due…
MANY parents who may have problems refinancing their house due to low income in retirement or due to low credit score sometimes resort to the idea of having their married child serve as a co-borrower to refinance their house As part of the refinancing process, the parents usually adds their adult children to the deed…
Are you seriously in debt and don’t know what to do? Individuals who have accumulated excessive debt are often left to ponder whether bankruptcy is their only realistic way to get out of debt. However, they hesitate to do so because of all the negative things they’ve heard about bankruptcy. Sometimes, these people feel that…
Nevada does not have corporate or personal income tax. It’s for this reason that businesses leave their states of residency to set up shop in Nevada. Individuals also flock to Nevada to escape taxation of their retirement income, even if Social Security, IRA, and 401(k) were earned while residents of their prior states of domicile….
Bitcoin and other cryptocurrency has become popular lately as a new store of value. It is decentralized and not subject to regulation in any jurisdiction. It can be stored in a digital wallet or hard drive. Due to its lack of regulation, it is easy for one to assume that it is not necessary to…
WE previously wrote in this column about the case against Riot Games, Inc., a multi-billion dollar video game developer, with headquarters in Los Angeles, operating in 24 offices around the world and employing about 2,500 workers, 80% of them male. The facts of the case are as follows: Riot Games’ employees, Jessica Negron, Gina Cruz…
CHAPTER 13 is a reorganization of your financial affairs where you pay a portion of your debts over 36 months or 60 months depending on where your household income is. If it’s over the state median for the same size family as yours following current government statistics, then it’s 60 months. If not, it’s 36…
TOUGH financial times caused by the pandemic are pushing strapped consumers over the edge. Delinquencies and balances on delinquent credit cards are on the rise again. Faced with layoffs and difficult economic times, a lot of people are resorting to use of their credit cards to pay for basic living expenses such as food and…
EILEEN Viray Alcones was raised in the heart of the East Bay after her parents immigrated to the United States from the Philippines to live out their American dream. Now, as the newly created Community Manager in San Leandro for JPMorgan Chase, Alcones is working with the local community to help them reach their financial goals. “My mom…
MANY people are of the perception that simply downloading a prenuptial agreement from the internet and signing it with their fiance offers them a bullet proof protection from a divorce. What many people do not know is that certain statutory requirements must be met in order for the prenuptial agreement to be valid and to…
When you set up your own business, you have a choice of operating as a sole proprietorship, partnership, corporation or LLC. How do you select which entity is most beneficial for you? Choosing the wrong form could cause unnecessary taxes, increased liability, and unnecessary exposure to lawsuits. What you should not do is listen to…
MANY people are of the perception that simply downloading a prenuptial agreement from the internet and signing it with their fiance offers them a bullet proof protection from a divorce. What many people do not know is that certain statutory requirements must be met in order for the prenuptial agreement to be valid and to…
Sevag Chalian worked as a pharmacist for CVS Pharmacy Inc. Chalian and other pharmacists are required by CVS to complete “mandatory training modules.” The employees were instructed to complete their training modules at home and CVS provided them remote access. The California Board of Pharmacy did not require these training for licensing purposes. Only CVS…
IS there such a thing as “good” debt? Sure there is. Debt can get you a higher education and get you a profession. By higher education, I mean college and graduate school, including the professions. Let’s say you’re about to graduate from high school and you want to become a medical doctor, a physician. You…
AS a bankruptcy attorney, I am often asked: “How will filing bankruptcy change my life?” I think people ask this question because of the negative things that they may have heard about bankruptcy from their friends, family, co-workers, and neighbors. They think that a bankruptcy means that they will be forever looked upon as outcasts…
With stunning views of Ulugan Bay, the eight-hectare seaside community will feature world-class resort amenities and pioneer health and wellness offerings in one of the world’s most iconic islands LAST month, global asset management company Starfleet Innotech, Inc. (OTC: SFIO) closed off 2021 by signing a joint venture with Filipino partners to build a world-class…
The COVID-19 Pandemic is a scary reality which affects everyone globally and has shut down the global economy. Individuals over 65 are more at risk of having serious complications with this virus. Although we cannot completely control how we would respond to such virus, we can prepare our finances and estate incase the worst happens….
THE COVID-19 Pandemic is a scary reality which affects everyone globally and has shut down the global economy. Individuals over 65 are more at risk of having serious complications with this virus. Although we cannot completely control how we would respond to such virus, we can prepare our finances and estate incase the worst happens….
WHAT’S in store for us for 2022? I was just thinking that this is the year we beat the pandemic permanently and the coronavirus decides to mutate into something that’s mild and not fatal which omicron appears to be based on all current data. But omicron is 10 times more contagious than the original coronavirus…
Minimum Wage Increases Effective Jan. 1, 2022, the California state minimum wage will increase to $15 per hour for employers with 26 or more employees. For employers with 25 or fewer employees, the minimum wage will increase to $14 per hour. Some local cities and counties may have higher minimum wage requirements. For exempt employees,…
A LOT of people who are contemplating bankruptcy as a solution to their debt problems often wonder if it can be avoided at all. They fear that they might be making the biggest mistake of their lives. If you are struggling with debt problems and are starting to feel hopeless about your situation because you…
Should you operate your business as a sole proprietorship, partnership, corporation or LLC? You may have heard that corporations and LLCs offer liability protection for shareholders and members. You may also have heard that Nevada entities offer more protection. However, there’s a theory called “corporate veil” behind which shareholders and members hide behind. Let’s examine…
Q: I will be working on Christmas and New Year days. Am I entitled to holiday pay? A: Hours worked on holidays are treated like hours worked on any other day of the week. The law does not require payment of overtime or other special premiums for work during holidays, unless such work goes beyond…
