Check if Your Business Name is Taken
- • Go online and check DTI's e-Business Name Registration System (e-BNRS).
- Prepare at least three (3) business names. We say “at least” because having more than one choice is much better.
- Google your business name.
- Verify if your domain name and social media username is not yet taken.
Changing your business name ABN
- Go to ASIC Connect and log in to your account.
- Link your business name to your account with your ASIC key if you haven't already.
- Select the Lodgements & Notifications tab at the top of the ASIC Connect page.
- Select the business name you are transferring.
Basic Requirements and Procedure in Registering a Sole Proprietor Business
- Register a business name at Department of Trade and Industry. Come-up with three (3) business names such as.
- Registration with Barangay.
- Register your business in the Mayor's Office.
- Register your business in the Bureau of Internal Revenue (BIR)
How to Register a Partnership Company in the Philippines?
- Register Your Business Name at the Securities and Exchange Commission (SEC)
- Obtain a Barangay Clearance.
- Register with the Social Security System (SSS)
- Obtain Permit from the Mayor's Office.
- Register Your Business with the Bureau of Internal Revenue (BIR)
• Under Business Name Descriptor, type keywords that describe your business (Note: The Descriptor describes the nature of your business based on the Philippine Standard Industrial Classification) • A proposed Business Name will appear on the bottom field. Click “Check Name Availability”.
Sole proprietors must register with the Department of Trade & Industry (DTI) while corporations and partnerships are registered with the Securities & Exchange Commission (SEC).
Requirements to Close a Business in the Philippines
- For all.
- For Mayor's Office.
- For DTI.
- For BIR.
- STEP 1: After stopping your operations, prepare your letter of request and go to the Barangay to ask for a Barangay Clearance.
- STEP 2: Proceed to the Municipal Hall to ask for a Certification of Closure.
Go to the municipal office where your business is located.Fill up the application form, submit together with other requirements, and claim your Mayor's Permit.
The DTI is responsible for realizing the country's goal of globally competitive and innovative industry and services sector that contribute to inclusive growth and employment generation.
Fee: Fees vary according to the scope of your business: barangay, P200; city or municipality, P500; regional, P1,000; and national, P2,000. Renewal deadline: The DTI BN registration certificate is valid up to five years from date of registration.
How to Apply:
- The applicant fills out the PBR application form and submits to DTI teller for encoding.
- Applicant's Taxpayer Identification Number (TIN) is required to proceed since PBR number (PBN) is based on the TIN.
- The applicant pays for the BN registration at the Cashier, and presents the receipt to the teller.
Step-by-Step Guide to Get a Mayor's Permit
- Go to the Business Permits and Licensing Office (BPLO) located in your City Hall or Municipality.
- Head to the Engineering Department to get a Certificate of Electrical Inspection in the Electrical Department.
- Secure a Health and Sanitation Permit at the Sanitary Office.
Just follow these simple steps:
- Visit the official Small Business Corporation website () and download the DTI P3 Loan Application or CARES loan form.
- Fill out the application form and print a copy.
- Submit your requirements and accomplished CARES Loan form to a designated SBC office or DTI Negosyo Center.
You can pay at the DTI office or Negosyo Center indicated in your Transaction Reference Number (TRN) acknowledgment form. For convenience, make your online payment immediately during your DTI business registration via GCash. If you have a GCash account, just enter your mobile number in the Payment Details section.
TOTAL FEES/CHARGES:Health Card – P 20.00/person. Sanitary permit – P 15.00.
10 Easy Steps for Registering with the BIR
- Prepare/accomplish in 3 copies the following BIR forms needed for your business.
- Go to the officer of the day.
- After the assessment, go to the accredited banks for payment.
- After the payment has been made, go back to your RDO.
- Schedule for release.
- Purchase Books of Accounts.
A business registration allows you to hire full-time employees and pay them in accordance to state laws. When you register your business with the state you'll receive a state identification number that allows you to route state taxes on the employee's behalf.
REGISTER YOUR BUSINESS ONLINE: COMPANY, BUSINESS NAME, INCORPORATED TRUSTEES
- Reserve name.
- Log in with your profile.
- Select ''REGISTRATION''
- Select the classification that is ''BUSINESS NAME, or COMPANY, or INCORPORATED TRUSTEE''.
- Enter the availability serial code.
- Click on continue.
For Primary SEC Registration, you may visit the Philippine Securities and Exchange Commission (SEC) official website at Proceed to Online Services, then Search Registered Names.
Bureau of Internal Revenue (BIR)For business partnerships, once you've secured the TIN for your business, you can register the company with BIR. Sole proprietorship, on the other hand, can register using their personal TIN.
Begin the Registration Process
- Register your entity name.
- Register your “Doing Business As” (DBA) name.
- Register your business as a legal entity.
- Register your business with the IRS and state tax authorities.
- Register for the appropriate licenses and permits.
37. Capitalization. The initial investment or money used to start a business, whether for office space, permits, licenses, inventory, product development and manufacturing, marketing or any other expense.
