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STARTING UP YOUR BUSINESS
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STARTING UP YOUR BUSINESS . dti & sec. COMPANY. SOLE PROPRIETORSHIP. PARTNERSHIP. BUSINESS. DTI. department of trade & industry. L expand trade, industry & investments. L generate jobs & income. DTI. WHY?. exclusive rights to your business name. WHO?. sole proprietors. DTI.
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STARTING UP YOUR BUSINESS
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STARTING UP YOUR BUSINESS • dti & sec
COMPANY SOLE PROPRIETORSHIP PARTNERSHIP BUSINESS
DTI department of trade & industry L expand trade, industry & investments L generate jobs & income
DTI WHY? exclusive rights to your business name WHO? sole proprietors
DTI WHERE? • Mezzanine Floor, Roxas Strip Building, Roxas Boulevard cor. Arnaiz Ave. (formerly Pasay Road), Pasay City • Penthouse Level, Goodland Building, 377 Sen. Gil J. Puyat Avenue (Buendia) Makati City (near DTI International Building) • 3rd Floor, Lux Center Bldg., EDSA,Wack-wack, Mandaluyong City. • 5/F Araneta Square Mall Bonifacio Monument Circle, Rizal Ave. Ext. cor. Samson Road, Caloocan City (Across SM Megamall)
DTI www.bnrs.dti.gov.ph.
1a. BUSINESS NAME APPROVAL (e.g. Popoy'sJueteng Betting Place, Butt Massage Services) (e.g. Starbax Cafe, Nasyonal Bookstore) (e.g. Cubao, The Drinking Place) (e.g. Intelligence, State College, CALABARZON) (e.g. Best Sisig Factory, Top 1 Repair Shop) (e.g. WHO Marketing, DTI Health Services) (e.g. XYZ Marketing Services where the business is actually of business nature)
1b. FORMAL REGISTRATION 1 AREA OFFICE 2 FORM APPLICATION (BN Application Form_soleproprietor.pdf) L BUSINESS DETAILS - location, TIN issued by BIR L OWNER’S DETAILS - legal age - nationally-issued ID (Filipino) - certificate of authority to engage in business/retail trade in the Philippines (Foreign)
1b. FORMAL REGISTRATION 3 BUSINESS NAME AVAILABILITY 4 FEES Barangay - P 200.00 City/Municipality - P 500.00 Regional - P 1,000.00 National - P 2,000.00 Documentary Stamp Tax - P 15.00 Surcharge for late Renewal Application - 50% of Registration Fee 5BUSINESS NAME CERTIFICATION
2. ACCREDITATION “Pursuant to the Presidential Decree 1572, All business establishment engaging in service and repair shops dealing with motor vehicle, heavy equipment; engine and engineering; electronics, electrical; air conditioning and refrigeration; office machine; data processing equipment; and medical/dental are required to apply for accreditation with the Department of Trade and Industry.”
3. APPLICATION FORM; documents & requirements
DOCUMENTS & REQUIREMENTS LInsurance Policy and Official Receipt covering full payment of premium (original copy and extra) -Comprehensive Insurance Policy; property damage -Fire Insurance Policy -Exemption to Insurance Policy requirement L Employees & Position L Tools & Equipment - SEC Certificate & Articles of Partnership/Corporation
5. ORDER OF PAYMENT
6. PASS REQUIREMENTS & WAIT
SEC securities of exchange and commission L securities laws & securities industry L registered business entities L policymaking: market securities
SEC WHY? treated as a legal or judicial entity WHO? stock & non-stock corporations, partnerships
SEC WHERE? SEC Building, Edsa, Greenhills, Mandaluyong City -COMPANY REGISTRATION & MONITORING DEPARTMENT
SEC http://iregister.sec.gov.ph/MainServlet.
1. VERIFY BUSINESS NAME.
2. CORPORATION CODE; articles & by-laws
3. DEPOSIT CAPITAL (foundations only)
4. FORMS; documents & requirements