How to Start and Register A Business
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This document provides instructions on how to start and register a business in the Philippines. It discusses registering the business name with the Department of Trade and Industry (DTI), obtaining a business permit from the local city or municipality, registering with the Bureau of Internal Revenue (BIR) for an authority to print invoices, and registering with other agencies like the Social Security System (SSS) and PhilHealth. The document provides details on the registration process and requirements with each agency to legally operate a business in the Philippines.
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How to Start and Register A Business
- 1. How to Start and Register a Business
- 2. Hello! I am Marianne Dela Cruz I am the Senior Business Counselor II of Negosyo Center Tagum, DTI-Davao del Norte. 2
- 4. How to Start a Business Basic Guide on starting a business
- 5. 5 Risk of Going Into Business or Entrepreneurship • Possibility of Failure • Unpredictable business condition • Long hours of Work • Unwanted or unexpected responsibilities To be their own boss To be in control To have freedom To be successful To gain recognition To feel a sense of accomplishment
- 6. Big concept Begin with an idea…. 6
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- 30. 30 d. Explore untapped local resources. The provinces can be a goldmine of business opportunities if you know where to look. Start with whatever is abundant in your area. Cacao? Turn them into candies and sell the finished products to tourists. Abaca fiber? Invest in this raw material and strike it rich by becoming one of the Philippines’ leading suppliers. Some local skills are also highly marketable. If you know several traditional weavers in your community, you can help them profit from their crafts by opening a handloom or weaving business.
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- 50. 50 Money with which to start and run your new small business can be raised in various ways. It source from your own pocket: Is the safest way to finance new business : Savings, selling personal belongings. Borrowed Money: Friends and Relatives is the next safest way. External Sources of Credit 1) Credit Cooperatives 2) Money lenders 3) Lending investors 4) Formal sources of Credits : Financial Institutions like banks. Government Development Agencies, NGO’s. 5) Pawnshop
- 51. 51 “ Self-mastery is the key to success. Master yourself, master the world.” - Debasish Bola-
- 53. 53 If Sole Proprietorship: • Register with the Department of Trade and Industry (DTI) If Partnership / Corporation: • Register with the Securities and Exchange Commission (SEC) If Cooperative: • Register with the Cooperative Development Authority (CDA) Step 1 – Business Entity Registration
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- 55. The primary purpose of this Order is to provide protection to the public dealing with business establishments through disclosure of identity and citizenship of the person owning and operating the business as well as other facts of records in the Department of Trade and Industry. a This Order is aimed at preventing a business establishment from using a name that is identical or confusingly similar to the name of another registered business establishment. Except when allowed under these rules. Policy:
- 56. - All persons who intend to engage in business and make use of a name other than his/her true name shall first secure a Certificate of Business Name Registration from DTI prior to the use of the name applied for.
- 57. - Only an individual person of legal age (18 years old and above) may apply for a Certificate of Business Name Registration
- 58. - Use for signage - Use for receipt - Requirement of *Business Bureau of issuance of Mayor’s Permit * BIR for trade name
- 59. Duly accomplished written application form prescribed by DTI upon full payment of the required fees; A valid government issued ID bearing the signature and photograph of the applicant
- 61. Territorial Scope Corresponding Fees Barangay P200.00 City/Municipality P500.00 Regional P1,000.00 National P2,000.00 Total fees to include P30.00 documentary stamp tax
- 63. The application for renewal shall be filed within one hundred eighty (180) calendar days prior to the expiry date of the five (5) year validity period.
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- 66. 66 The Certificate of Business Name Registration must be displayed in a noticeable place within the place of the business.
- 67. BNs that are not Registrable Nature of business is immoral, illegal, offensive, scandalous, or contrary to propriety Example: Pop’s Jueteng Betting station, Boobs Massage and Spa Not the same or nearly the same as an existing registered business, company, partnership, corporation, cooperative name nor it infringes on any trademark, service mark and tradename.(Ex. Anne Dok’s Lechon, Jolibee, Starbax Café, etc)
- 68. 68 N o t c o m p o s e d p u r e l y o f g e n e r i c o r g e o g r a p h i c w o r d s ; ( E x . T h e D r u g s t o r e , B a c o l o d ’ s ) N o t a n a m e w h i c h b y l a w o r r e g u l a t i o n c a n n o t b e a p p r o p r i a t e d ( E x . O T O P , I n t e l l i g e n c e , S t a t e , C o l l e g e ) ; N o t u s e d t o d e s i g n a t e o r d i s t i n g u i s h , o r s u g g e s t i v e o f q u a l i t y o f a n y c l a s s o f g o o d s , a r t i c l e s , m e r c h a n d i s e , o r s e r v i c e ( B e s t T a h o F a c t o r y , A - 1 A u t o R e p a i r S h o p ) N o t u s e d b y t h e g o v e r n m e n t i n i t s g o v e r n m e n t a l f u n c t i o n s ; ( N B I P r i v a t e I n v e s t i g a t i o n S e r v i c e s , D T I T r a d i n g ) ; N o t a n a m e o r a b b r e v i a t i o n o f a n a m e o f a n y n a t i o n , I n t e r - g o v e r n m e n t a l o r I n t e r n a t i o n a l o r g a n i z a t i o n ( P h i l i p p i n e M a n p o w e r P o o l i n g A g e n c y , U N E S C O M a r k e t i n g , W H O H e a l t h S e r v i c e s ) ; a n d I s n o t d e c e p t i v e , m i s l e a d i n g o r w h i c h m i s r e p r e s e n t t h e n a t u r e o f b u s i n e s s . ( E x . “ G O L D T r a i n i n g S e r v i c e s ” w h e r e n a t u r e o f b u s i n e s s i s r e c r u i t m e n t .
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- 72. Where to apply for DTI Business Name? DTI- Office Negosyo Center Online- bnrs.gov.ph
- 73. Step 2: Business Permit Apply for business permit and license from the City/Municipality where the business is to be located. Business Permit/Mayor`s Permit is a document that must be secured from the city or municipal business permits and licensing office for the business to legally operate in the locality. Validity: 1 year
- 74. 74 Step 2: Business Permit Apply for business permit and license from the City/Municipality where the business is to be located. Business Permit/Mayor`s Permit is a document that must be secured from the city or municipal business permits and licensing office for the business to legally operate in the locality. Validity: 1 year
- 75. Step 3 Register with the Bureau of Internal Revenue (BIR) District Office where the business is to be located for Authority to Print Invoice and Book of Journal.
- 76. 76 Step 4 – Other Registration Requirements Register your business with the following offices to comply with existing regulations: – Social Security System (SSS) – Phil Health – PAG – IBIG
- 78. Thanks! Any questions? Send your question to my email marianne.delacruz15@gmail.com or cityoftagum.lgu@negosyocenter.gov.ph 78
Editor's Notes
- A business start up is begin with an idea or concept that you are offering to the market. It could be a product creation, a service or a retail or a buy and sell.
- Looking Within In a way, the best business for you actually depends on you – who you are, what you know, what you have. Begin by looking for products, processes, or services about which you already know something. It is now a fact that many ideas for small businesses were the direct result of experience in a previous job. Carpenters would be confident going into construction, furniture making or sash-making. Seamstresses would have a best chance going into garment making or stuffed toy manufacturing, or setting up a modistaor tailoring shop. Cooks would be good in starting a carinderia, a tapsilog stall, or a small restaurant. By starting with what you know and what you have, you would not miss your goal. Similarly, a hobby could become the basis for a full-time successful enterprise. Do you have one which you can expand into a business? Is it gardening? Bonsai plants and desktop garden-fountains are very much in demand. A commercial garden on an idle lot which you can rent for a small fee would also be a good possibility. There was this housewife who loved collecting ornaments and home accessories. Her friends liked her taste and convinced her to sell them some of her items. Before she knew it, she had begun a small home-based business which eventually prospered. Technical training is also closely linked with entrepreneurship. You will do well to begin a business based on some vocation or trade skills you have learned, such as auto repair, metalworking, computer assembly, desktop publishing, or bookkeeping.
- Looking Outside After looking within, then you can look around you. By looking at the total business environment, you identify business opportunities. In other words, you observe developments and trends in the economy, demography and society as a whole – including political, ecological, and technological events. What is happening in the broad picture will greatly affect your decision on what products to produce or services to offer. Here, some techniques will be useful: Find a business opportunity in every market need .One of the first things you should remember in trying to identify business opportunities is that all enterprising ventures answer, in one way or another, a particular human need. Whether it is a product or a service, it must respond to what the buyers need or want. Begin by studying your own community, village, or Barangay. Is it self-sufficient or do the residents have to go out of their way to buy pandesal, cooked food, or cooking oil? Or to have their shoes repaired, their cars washed, or their homes pest-protected? Study demand and supply gaps Find out how the present demand for certain products or services in the community is being met. Is demand for some items being filled by local suppliers or producers? Find out whether or not local supply can cope with or totally satisfy local demand. If not, this may suggest that there is room for still one more in the business. To illustrate: Let us suppose you have learned that there is only one hollow block maker or retailer in your community and that he can supply only about half of the community’s needs. On top of this, you notice a boom in the construction business. You see many new houses and commercial buildings being built. From these observations, you see a room for a new entrepreneur to bridge the gap between supply and demand. That new entrepreneur can be you! However, you don’t just study the hollow block demand and supply only. It will be useful, too, to look at the situation in the case of other construction materials (for example, steel works, fixtures, grills, door jambs, cement, etc.) or services (plumbing, painting, landscaping, interior designing) to meet related construction needs.