Answer:
1.9 Business Classification
The company is recorded and categorized as a micro company.
Depending on asset size, capital size and number of employees, small companies can be defined in the Phillippines. A small enterprises is defined as any small enterprise or business activity in the major sectors of economic activity, whether it be a sole property ownership, a cooperative, a partnership, a corporate enterprise or a companying whose total assets, in the Magna Carta (RA no. 677 as amended by RA 8289 and amended by RA 9501) the range from P3,000,000 to P15,000,000,000 is included in those loans but only in the land on which the specific company is located. If P3 000 000 or less is the total assets stated above, they can be regarded as microenterprises. They can be considered medium-size enterprises ranging from more than P15, 000,000 to P100, 000, 000. And if their total amount exceeds P100,000,000,000, they may be considered to be big businesses. Businesses are also regarded as large undertakings if they are publicly-listed or publicly-owned companies.
