ARBM FINALS EXAM REVIEWER

Architects to be Entrepreneurs.

▪To enrich your knowledge

▪To broaden your perspective and style

▪To gain more experiences

▪To improve your skills

▪To become exposed to different cultures

• Travel

• Research

• Client Relations

• Envision

Architects to be Entrepreneurs.

▪To keep abreast with trends and issues

▪To learn more about your market

• Travel

• Research

• Client Relations

• Envision

Architects to be Entrepreneurs.

▪Attract potential clients by socializing and gain repeat clients by providing the best service

▪Increase trustworthiness by impairing personal touch in the service you provide

• Travel

• Research

• Client Relations

• Envision

Architects to be Entrepreneurs

▪Visualize the dream office that you want to

attain to motivate you towards your

ultimate goal, a goal that benchmarks your

success

• Travel

• Research

• Client Relations

• Envision

Individual Licenses and Taxes to be renewed regularly.

- Annually every January

• Professional Tax Receipt (PTR)

• Professional Regulation Commission (PRC) ID

• Integrated and Accredited Professional Organization of Architects (IAPOA)

Individual Licenses and Taxes to be renewed regularly.

- Currently every 3 years before your birthday

• Professional Tax Receipt (PTR)

• Professional Regulation Commission (PRC) ID

• Integrated and Accredited Professional Organization of Architects (IAPOA)

Individual Licenses and Taxes to be renewed regularly.

- Currently every June (certificate)

• Professional Tax Receipt (PTR)

• Professional Regulation Commission (PRC) ID

• Integrated and Accredited Professional Organization of Architects (IAPOA)

Type of Business Enterprise/Practice

- Sole Authority and Responsibility over Business

• - Much easier to start and run
  
  - Burden of work may get overwhelming
  - Personal Assets might be affected

• Single Proprietorship as Professional or with Business Name

• General Professional or Limited Partnership

• Corporation

Type of Business Enterprise/Practice

- Pooled Resources

• - Shared Responsibilities
  
  - May be unstable and easily be dissolved
  - Have to be registered with Security and Exchange Commission (SEC)

• Single Proprietorship as Professional or with Business Name

• General Professional or Limited Partnership

• Corporation

Type of Business Enterprise/Practice

- Own distinct legal personality
- Safe personal assets
- It can sue and get sued
- Ownership is stable and shares can be transferred

- Operational expenses may be higher

• Single Proprietorship as Professional or with Business Name

• General Professional or Limited Partnership

• Corporation