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The current dynamics of organizations produces frequently
changing business rules, involving changes into the software applications that embed them. The use of ontologies as software artefacts intended to encapsulate business rules is a mean to raise the exibility, extensibility
and ease of maintenance of the software applications. Such ontologies should be developed and maintained in conjunction with other software components, so an ontology building methodology must be considered in the context of the software development process. This paper presents an evolutionary method for building ontologies intended to be used as a structural conceptual model of an information system, encoding business rules in a declarative way and enabling the intertwining of ontology and software development processes.