Small Business Corporation

A Small Business Corporation (SBC) is a type of legal business structure recognized for its smaller size and specific regulations. It is typically formed to operate a small or medium-sized enterprise, offering limited liability to owners and often benefiting from certain tax advantages. In the Philippines, for example, SBCs are classified based on criteria like income and capitalization, helping support entrepreneurship and economic growth by providing a structured legal framework that balances business flexibility with safeguards for stakeholders.