How to convert 5 person into 1 person corporation in 4 easy steps! - ACCOUNTAHOLICSPH

Suppose you are thinking of converting your Ordinary Stock Corporation (OSC) or five-person corporation to a One Person Corporation (OPC) to simplify your operations. In that case, you can do so easily now as the Securities and Exchange Commission (SEC) released its guidelines via Memorandum Circular 27-2020.