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Daily Sales Bookkeeping, Tax Accounting method period change of address BIR registration of business

0 Views· 11/26/23
Aryel Narvasa
Aryel Narvasa
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Need Trabaho or Negosyo?, Accepting INTERNS, TaxSpecialista for
1. BIR Letter of Authority Guide
2. BIR Subpoena Duces Tecum Adviser
3. BIR-assessment Reviewer
4. BIR-assessment Protest-maker
5. Resibo.ph Bookkeeper
6. BIR-form Examiner
7. BIR-audit Witness
8. Paralegal
Engage ETM Tax Agent Office (ETM-TAO), Inc.
Registering your business is not as hard as you think. You’ll first need to secure your business name, and this detailed list will guide you through the rest of the process. You’ll only need to register with these four government agencies, and the rest, you’ll learn to set up along the way.

How to register your business with DTI
Here are the steps to legitimizing your business with the Department of Trade and Industry, depending on the type of ownership:

Single Proprietor
As a sole owner, you’ll need to process your business registration at the Department of Trade and Industry (DTI).

You can do a quick online check on the availability of your proposed business name/s through the Philippine Business Registry website.

DTI Business Registration can be done online. The DTI Application Form is available on their website.

When you go to their office, prepare at least three (3) proposed business names and observe the DTI registration requirements below:

Applicant must be above 18 and a Filipino citizen
Bring two (2) copies of completed application forms, signed by the owner
Bring at least two (2) photo-bearing government-issued IDs
Upon submission, the next step is to pay for the registration and documentary stamp tax.

The following DTI registration fees apply depending on the territorial scope of your business:

Barangay
₱200

City/Municipality
₱500

Regional
₱1,000

National
₱2,000

According to DTI, if you want to expand the territorial scope of your business, you may register under the same business name “provided that it will be registered with a different city and will cover the new business location.”

Your business name is valid for five years from the date it was registered.

Partnerships or Corporations
You may register your business at the Securities and Exchange Commission (SEC).

Verify the availability of your business name on the SEC website, and once verified, you may already reserve the company name online. Confirmation of your company name should be done at any SEC office within four (4) days, or it will be forfeited.

(Read: BIR Wants Online Sellers To Register Businesses By July 31)

Fill out the online application forms via SEC i-Register, and print it for submission to the SEC office.

Here are the basic SEC requirements for registering a corporation or partnership:

Cover Sheet for Registration
Reservation Payment Confirmation
Articles of Incorporation (AI)
By-laws (BL)
More documents will be required specific to your type of business:

Partnership
Domestic Partnership
Foreign Owned Partnership
Corporation
Domestic Stock Corporation
Domestic Non-Stock Corporation
Foreign Owned Corporation
Foreign Corporation
The SEC document requirements are available for download on their website. Upon completion of online registration, name reservation, and/or download of partnership forms, you may pay online or at the SEC cashier.

For those who want to apply manually, you may verify and reserve your proposed name at any of the SEC offices. You will be guided for the next steps to obtain the articles of partnership forms, and the Articles of Incorporation and By-laws.

While you’re there, you can consult them for more details on business registration, or ask for endorsements to other agencies, if applicable. Getting a Barangay Clearance and Mayor’s Permit for your business
Depending where you will set up your shop, you’ll first need to go to your own barangay to obtain a barangay clearance. This will be a requirement in applying for a mayor’s business permit. The requirements and processes may vary in different local offices.

These are the main documents for Barangay Clearance application:

DTI or SEC certificates – bring original and photocopies
Business location sketch/map
Contract of lease if you rent the place of business, or land title/tax declaration if you own the place of business.
Duly filled out barangay clearance application form
Depending on the type of business, other documents may be required, such as below examples:

National Food Authority (NFA) License for rice/corn and wheat dealers
Bureau of Food and Drug Administration (BFAD) and Department of Health (DOH) for drugstores, bakeries, or other food and health related businesses
The same documents are requested for mayor’s permit, with the addition of mayor’s business

How to register your business with the BIR
To comply with the BIR, you can first download and complete the following forms from the BIR website before going to the BIR office:

BIR FORM 1901 – Application Form for Single Proprietors
BIR FORM 1903 – Application Form for Partnerships and Corporations

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