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Sunday, November 16, 2008

Process Flow of Registering A Business

Step 1:
Seek approval / clearance from the Barangay.

Step 2:
Secure Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) District Office where the office is to be located.

Step 3:
Apply for business permit and license from the City / Municipality where the business is to be located.Get sector specific clearances, or example:
* Travel Agency - Departmet of Tourism (DOT)
* Food and Cosmetics - Bureau of Foods and Drugs (BFAD)
* Pawnshop - Banko Sentral ng Pilipinas (BSP)
* Learning Centers - Department of Education (DepEd)
* etc..

Step 4:
Register with Bureau of Internal Revenue (BIR) District Office where the business is to be located for Authority to Print Invoice and Book of Journal

Step 5:
Register your business for compliance to good employer-employee relationships, incentives and benefits, social, community and environmental responsibilities:
* Social Security System (SSS)
* Department of Labor and Employment (DOLE)
* PhilHealth* Pag-ibig
* Department of Environment and Natural Resources (DENR)

If Sole Proprietorship:
* Register with the Depatment of Trade and Industry(DTI) for Business Name Certificate

If Partnership / Corporation
* Register with Securities and Exchange Commision (SEC)

If Cooperative:
* Register with the Cooperative Development Authority (CDA)


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