Start with Business Registration

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Do you have any idea on how to do business registration in the Philippines? If the answer is no, take a time to read this post for you to become aware. When you decide to start up a new business here in the Philippines you have to undergo the process of registration with the authorize government agencies. It is a very vital procedure that you should not miss out whether your business is a small or large enterprise. Once you’re done with this process, automatically your enterprise will become legitimate and duly registered. Listed below are the guidelines to assess and probably help you to register your business today.  

Think of a Business Name

• Come up with a unique business name is the first thing you have to do. It is very important to establish your brand name for them to recognize you easily. Registering your business name with proper authorities will surely protect you and recognize you from any legal responsibilities.  The government agency that is responsible for this process is the Department of Trade and Industry. You have to present a DTI authenticated and registered business name for you to take the next level of registration with your Mayor and to the Bureau of Internal Revenue or BIR.  

Specify your Business Address

•    Aside from the business name, you also have to establish the exact address of your enterprise. You have to make sure what address you will be going to use whether your home address or put it on the market. Secure your place by making a lease contract. Don’t worry if you think you need to transfer the location of your business because you’re allowed to change the registered address anytime as long as you follow the correct procedures.

Ask for Barangay Permit

• It is the very basic requirement that you have to settle. Go to your barangay and request for a barangay permit under your name. This is to ensure that you are allowed to put a business in your area.

Request for a Mayor’s Permit

• Once you’re done with the barangay permit, you are also mandated to get a Mayor’s permit for your business. Take note that having this is not easy like getting a barangay permit. Every municipality has their own requirements and procedures to follow before you can avail this mayor approval. At some point, they are requesting for a registered business name, lease contract and of course, the barangay permit.

Bureau of Internal Revenue

•  After accomplishing those kinds of permits, you also have to register your business with the Bureau of Internal Revenue. Never ever take it for granted because it is a must that you undergo this kind of procedure. You’re about to establish a business so that you are entitled to pay your taxes. Once you’re done with it, ask for BIR Certificate of Registration. This certification will allow you to issue an official receipt and obtaining a unique Tax Identification Number for your enterprise.