BUSINESS REGISTRATION
RUNNING A BUSINESS
is not only about having a great product / service and certain amount of capital, but also requires certain permits and licenses from several government agencies. Depending on the scale, whether you have a sole proprietorship, partnership, or corporation, there are different steps to register your business.
Sole Proprietorship
is a business where one individual owns the business itself. As a sole proprietor, the owner takes on full responsibility for the business itself.
Partnership
A general or limited partnership, consisting of two or more individuals, might be suitable for some foreign companies who wish to venture into business in the Philippines.
Corporations
are the biggest of all the business entities in the Philippines and they require a minimum of five shareholders and a maximum of 15.
Liaise with these government agencies
Bureau of Internal Revenue ( BIR )
Securities and Exchange Commission ( SEC )
Philippine Contractors Accreditation Board ( PCAB )
Intellectual Property Office of the Philippines ( IPO )
