Business Registration Steps
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Business Registration Steps – The Easy Way! November 28, 2014 Business Startup 5 Comments If you want to start a business in the Philippines, just follow these simple business registration steps. Starting a business in the Philippines is easy and does not have to be a daunting task. Step 1: Go to any DTI office (DTI) and the Bureau of Trade Regulation and Consumer Protection (BTRCP)to register your business name. Requirement: Any valid ID Fee: Barangay: PHP 200.00 City / Municipality: PHP 500.00 Regional: PHP 1,000.00 National: PHP 2,000.00 Processing time: 1 hour Step 2a: Go to Municipal hall to get business permit. Requirements: DTI certificate Lease contract (if renting) or tax declaration (if you own the place) 2×2 ID picture Fee: P4,000 (approx.) Processing time: 2-3 hours Step 2b: Go to Office of the Treasurer of each city or municipality for BMBE* Application Requirements: 1. Duly filled up and signed Application form in triplicate 2. Three passport size pictures 3. DTI registration for sole proprietorship; SEC registration for corporations, partnerships or association; CDA registration for cooperatives 4. Mayor’s permit Cost of registration: P1,000 The LGU shall issue the Certificate of Authority and shall be effective for a period of two (2) years, renewable for a period of two (2) years for every renewal. Step 3: Go to Barangay hall to get business clearance. Step 4: Go to BIR office to get TIN/Certificate. Requirements: DTI certificate Mayor’s Permit Lease Contract (if renting) or tax declaration (if you own the place) Fee: P500 Processing time: 1-2 hours *BMBE or Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178) is engaged in production, processing or manufacturing of products as well as trading and services with a total assets of not more than 3 million. Some of the benefits are Income Tax Exemption; Exemption from the coverage of the Minimum Wage Law; Priority to a special credit window; technology transfer, production and management training, marketing assistance programs for BMBE beneficiaries.
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In the course, students learn how to analyze firms' financial statements and disclosures to determine how a firm's particular accounting choices reflect the underlying economics of the firm. As a result, the course strengthens students' ability to use financial statements as part of an overall assessment of the firm's strategy and valuation. The course is especially useful for anyone interested in working on the buy or sell side.The course provides both a framework for and the tools necessary to analyze financial statements. At the conceptual level, it emphasizes that preparers and users of financial statements have different objectives and incentives. At the same time, the course is applied and stresses the use of actual financial statements. For example, students learn how to detect when firms are managing earnings and/or balance sheets. It draws heavily on real business problems and uses cases to illustrate the application of the techniques and tools.Prerequisites: ACCT 101
Transcript of Business Registration Steps
Business Registration Steps – The Easy Way!November 28, 2014 Business Startup 5 Comments
If you want to start a business in the Philippines, just follow these simple business registration steps. Starting a business in the Philippines is easy and does not have to be a daunting task.Step 1: Go to any DTI office (DTI) and the Bureau of Trade Regulation and Consumer Protection (BTRCP)to register your business name.Requirement: Any valid IDFee: Barangay: PHP 200.00City / Municipality: PHP 500.00Regional: PHP 1,000.00National: PHP 2,000.00Processing time: 1 hour
Step 2a: Go to Municipal hall to get business permit.Requirements:DTI certificateLease contract (if renting) or tax declaration (if you own the place)2×2 ID pictureFee: P4,000 (approx.)Processing time: 2-3 hours
Step 2b: Go to Office of the Treasurer of each city or municipality for BMBE* Application
Requirements:1. Duly filled up and signed Application form in triplicate2. Three passport size pictures3. DTI registration for sole proprietorship; SEC registration for corporations, partnerships or association; CDA registration for cooperatives4. Mayor’s permitCost of registration: P1,000
The LGU shall issue the Certificate of Authority and shall be effective for a period of two (2) years, renewable for a period of two (2) years for every renewal.
Step 3: Go to Barangay hall to get business clearance.Step 4: Go to BIR office to get TIN/Certificate.Requirements:DTI certificateMayor’s PermitLease Contract (if renting) or tax declaration (if you own the place)Fee: P500Processing time: 1-2 hours
*BMBE or Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178) is engaged in production, processing or manufacturing of products as well as trading and services with a total assets of not more than 3 million. Some of the benefits are Income Tax Exemption; Exemption from the coverage of the Minimum Wage Law; Priority to a special credit window; technology transfer, production and management training, marketing assistance programs for BMBE beneficiaries.
Read more at BusinessDiary.com.ph: http://businessdiary.com.ph/3634/business-registration-steps-the-easy-way/#ixzz3lxih17Ro
