subject: Steps You Ought To Follow In Philippine Business Registration [print this page] Should you be considering to begin a small business inside the Philippines, the primary thing to undertake is register. Doing this will make it easier to stay away from legal issues as you commence operations. Otherwise, your rivals can certainly check to see when you have all the necessary registrations. Just in case you do not and they find out, they will advise the authorities. This might lead to interruption, delay, or worse, termination of your enterprise.
As an initial part to Philippine business registration, you must know which government departments you must register with. This article will discuss who these government departments are.
The first step to undertake is to acquire a certificate of registration for the business name. The agency that you need to visit to begin with is dependent upon your business set-up. For a solo proprietorship, the Department of Trade and Industry (DTI) is your agency. In the event your firm is a joint venture or perhaps corporation, go to the Securities and Exchange Commission (SEC). In the event your business is a cooperative, you have got to head to the Cooperative Development Authority (CDA).
Whenever you get your certificate of application, you'll want to visit a few offices. A starting point should be to obtain a barangay certificate from Barangay Hall of the location you are going to establish the business. If you are doing business from the inside of a village or even subdivision, it's always needed that you check out the Homeowners Association office. You'll want to gain that clearance. After getting the necessary permit, proceed to the Municipality or maybe City Hall. Right here you'll be able to take the process for your enterprise permit. Once you've obtained this, the Bureau of Internal Revenue (BIR) is usually upcoming in line. That's the place where you may obtain a small business taxpayer identification number (TIN). While you are there, you should also want to register your accounting books, point-of-sales (POS) equipments together with receipts.
When you've achieved this particular point of your Philippine business registration, you can start working officially. Nevertheless, this is simply not the finale of your trademark registration. Philippines authorities necessitates that you apply for your employees as well as yourself to other gov departments.
You must obtain an SSS number for you and your people on the Social Security System (SSS). In the event your enterprise includes five people or maybe more, you will need to as well register at the Department of Labor and Employment (DOLE). As mandated by the Republic Act 7742, an SSS member with monthly wages for a minimum of Php 4,000, ought to help to make himself recognized to the Home Development Mutual Fund (HDMF). The Pag-Ibig Fund is run by this agency.
Just as one employer, you are likewise forced to register your workers with the Philippine Health Insurance Corp. (PhilHealth). The New National Health Insurance Act (RA 7875 / RA 9241) states this distinctly. PhilHealth is definitely the agency which handles and regulates the medical care program on the governing administration.
Philippine business registration is simply not all that challenging. For quite a few, it might be complicated. You should not be concerned about this because these departments are here to aid and assist you. When you get lost in the entire process of your Philippine business registration, it is easy to head to them for advice.
