Before commencing your business in the Philippines, you need to secure a Business permit or Mayor’s permit, as it is commonly called, from your local government where your business is located. Here are some notes on business permits: • Business permits expire on the 31st of December unless the permits are issued on a quarterly […]
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Any person, natural or juridical, cooperative or association, or business entity or enterprise engaged in production, processing, manufacturing of products or commodities, including agro-processing, trading and services may apply for Certificate of Authority as a BMBE provided that they should have at least a total asset value, including those arising from loans but exclusive of
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Businesses can be conducted in many ways. It may be through a sole proprietorship, partnership or corporation. Sole proprietors must register with the Department of Trade & Industry (DTI) while corporations and partnerships are registered with the Securities & Exchange Commission (SEC). A sole proprietor must register with the DTI and secure a Certificate of
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In doing business, there are various forms of business entities to consider, the most common forms of which are 1) single proprietorships, 2) corporations, and c) partnerships. A single proprietorship is a business operated by a single individual. Registration of single proprietorships would take between 1-2 days, and the documentary requirements of the Department of
Sole Proprietorship, Corporation or Partnership: Choosing your business enterprise Read More »
If you are interested in engaging in business or practicing your profession with some colleagues, a partnership may be the proper vehicle. The Philippine Civil Code provides for a definition of a partnership as follows: Art. 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to
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