Tag Archives: Capitalization or asset requirements is a defining element in determining if an enterprise is a cottage industry.

Capitalization or asset requirements is a defining element in determining if an enterprise is a cottage industry.

Next, the Court must determine if petitioner is in fact a cottage industryentitled to claim the exemption under LLDA Resolution No. 41, Series of 1997. That jewelry-making is one of the activities considered as a cottage industry is undeniable. The … Continue reading

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