HOW TO REGISTER A BUSINESS IN THE PHILIPPINES | Sole Proprietorship, Partnership or Corporation?

How do you register a business in the Philippines? How much does it cost to register a business in the Philippines? What is the difference between Sole Proprietorship, Partnerships, and Corporations? That’s what we’re gonna be covering today! If you have an online business, freelancing business, or traditional business, we all need to register this. So, this video runs through the different decisions you have to make and offices you need to go to make your side hustle into a legal entity.

Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general.

►Outline :
0:00 - Intro & Features
0:34 - Start of Video
1:00 - Outline
1:34 - Name Registration
1:41 - Business Name vs Brand Name
2:37 - Business Structures
2:50 - Sole Proprietorship
4:00 - Partnerships
6:01 - Corporations
9:55 - DTI
11:11 - SEC
13:35 - IPO
13:56 - Business Permit
17:40 - BIR Permit
21:07 - Recap/Summary
22:24 - Why should we register?
23:43 - Outro

►Sources/Links
►DTI: https://www.dti.gov.ph/
►BNRS: https://bnrs.dti.gov.ph/services
►SEC: http://sec.gov.ph/
►SEC Regsitration Calculator: https://www.sec.gov.ph/online-services/registration-calculator/
►IPO: http://ipophil.gov.ph/
►https://businessdiary.com.ph/3634/business-registration-steps-the-easy-way/?amp
►https://mybusinessacademy.ph/resources/business-permit-renewal-deadline/#gref
►http://www.businesscoachphil.com/be-a-sole-proprietorship-partnership-or-corporation

► Previous Videos :
HOW TO START A BUSINESS in 6 steps ► https://youtu.be/cGx_K3cmIHg
BEST ONLINE SIDE HUSTLES IN THE PHILIPPINES ► https://youtu.be/RFvln4shU2k
TOP APPS THAT HELP YOU SAVE MONEY ► https://youtu.be/rHbdyaQ2aZQ
5 Tips on How to Get Good with Money ► https://youtu.be/cRtnUAvqcHY

► REQUIREMENTS :
►DTI
-Presentation of 1 copy of government issued ID
-Accomplished Business Name Registration form
-Registration fee
►SEC (Partnerships)
-Name Verification Slip (online or at the name Verification Unit)
-Articles of Partnership
-Written Undertaking to Change Corporate Name by any partner
-Form F-105 for partnership with Foreign Equity
-Proof of Inward Remittance by foreign partners
►SEC (Corporations)
-Verification Slip Form (S) (NS)
-Articles of Incorporation (S) (NS)
-Treasurer’s Affidavit (S)
-Notarized Bank Certificate of Deposit where the bank is located (S)
-Written Undertaking to Change Corporate Name by any Incorporator or Director (S), by any Trustee (NS)
-Clearance from other government agencies (S)
-Foreign Investment Application Form F-100 (for subsidiaries of foreign corporations (S)
-Proof of Inward Remittance by Non-Resident Aliens/Subscribers (S)
-List of members and amount contributed certified by the Secretary and Treasurer (NS)
-Registration fee
►Business Permit
-DTI or SEC Registration
-Certificate/Articles of Incorporation
-Community Tax Certificate
-Barangay Clearance
-Location Clearance
-Certificate of Occupancy
-Building Permit
-Fire Safety/Inspection Permit
-Electrical Inspection Certificate
-Contract of Lease
-Picture/Sketch of the Site
-Public Liability Insurance (for restaurants, mall, cinemas)
-SSS Registration
►BIR Permit (TIN Number)
a) Self Employed/Mixed Income Individual (BIR Form 1901)
-Birth Certificate or any valid ID
-Mayor’s Permit/application for Mayor’s Permit
-DTI Certificate of Registration
b) For Partnerships and Corporations (BIR Form 1903)
-SEC Certificate of Registrations
-License to do business in the Ph (foreign corporation)
-Mayor’s Permit/Application for Mayor’s permit

► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @ https://soundcloud.com/aka-dj-quads
Official YouTube Channel HERE: https://www.youtube.com/channel/UCusFqutyfTWRqGhC8kHA5uw
SoundCloud HERE: https://soundcloud.com/aka-dj-quads
Twitter HERE: https://twitter.com/DjQuads
Spotify HERE: https://open.spotify.com/artist/2VZrdImbvB03VWApYtBRr3
Instagram HERE: https://www.instagram.com/djquads

►Charm
Instagram: https://www.instagram.com/deleoncharmaine

►Ready2Adult Ph
Instagram: https://www.instagram.com/ready2adultph
Facebook Page: https://www.facebook.com/ready2adultph
Facebook Group : https://www.facebook.com/groups/954861671533801/?ref=share
Email: ready2adultph@gmail.com

https://www.youtube.com/ready2adult?sub_confirmation=1

Disclaimer:
This video and description contains affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.

KEYWORDS:
Starting a business in the philippines, how to start a business ph, register a business in the philippines, business registration, how to register a business in the philippines, filipino entrepreneur, Ready2Adult ph, charmaine de leon, charm de leon

Видео HOW TO REGISTER A BUSINESS IN THE PHILIPPINES | Sole Proprietorship, Partnership or Corporation? канала Ready2Adult PH