Where to register your small business enterprise?

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Starting a business is sometimes confusing to newbie enterprenuers in terms of giving their business its legal and juridical personality.  Very small business initially has no budget to hire  business consultant who could guide them through licensing and registration requirements.  Most are confused on the functions of the Security and Exchange Commissions (SEC) as differentiated from the functions of  the Department of Trade and Industry (DTI).  Nevertheless,  all businesses need to be registered somewhere for purposes of regulation and monitoring. A duly registered business is empowered to  transact legal business and own properties . They can also sue and can be sued.

Here are the simplified guide to help you differentiate  the  functions that fall under  the DTI and the  SEC:

Simply and directly stated, corporations and partnership must register with SEC while sole proprietorship must register with DTI.

The SEC 

The SEC  has absolute jurisdiction, supervision and control over all corporations. This  practically implies that complaints involving corporate violations  should be filed with the SEC.

Only a partnership or a corporation registered with the SEC may use the words “company” or “corporation” as part of its business name.

The registration mentioned above is different from registration with the Bureau of Internal Revenue, which is a separate requirement, is applicable to all types of businesses, and is for the purpose of monitoring compliance with tax laws. 

 (visit SEC site here : www.sec.gov.ph or iregister.sec.gov.ph)

The DTI

In addition to its regulatory power, the DTI, through its different bureaus, is also tasked with receiving and processing applications for business name, trademarks and patents.

Thus, while for purposes of acquiring a legal personality, a corporation is required to register with the SEC and not with the DTI, it will nonetheless be still required to register its business name and style, if any, with the DTI.

Finally, the DTI is mandated to receive and process applications for trademarks and patents. If a corporation wants to apply for trademarks or patents, then it will again have to go to the DTI for these purposes.

(visit DTI site here: www.dti.gov.ph or www.bnrs.dti.gov.ph)

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For your peace of  mind, always be rules and laws compliant. 

Small Business (important links)

We have collected and chosen important links which are informative and can be helpful in doing  your business ventures.  Please check  them as listed hereunder:

How to register your business:

http://www.mixph.com/2006/03/steps-to-register-your-business.html

 For business tax requirements and compliance :

http://alpellas.com/philippine-tax.html

For free sample of  legal forms and contracts:

http://legal-forms.philsite.net/

Philippine Legal Forms is the site to find the basic formats of standard and frequently used legal forms, contracts and agreements in the Philippines.

All Philippine legal forms and contracts on this website are free for site visitors to copy and revise for single use. Written permission is required for re-publication in print or any other media.

To copy a sample free legal form, contract or agreement, on this site, highlight the whole document, right click, then copy and paste on MS Word or Notepad.

It is strongly recommended that you consult a lawyer and have a customized document drawn to suit your requirements. All legal forms in this site are meant for reference only. Always seek legal advice before entering into any contract, agreement or executing any legal document.

To start a microbusiness and other business guides:

http://www.pinoybisnes.com/business-ideas/how-to-start-a-microlending-business/

Here are some of the websites that are offering Facebook Fan Page Welcome Tab Creator application.  Facebook fan page is an effective marketing tool so you might as well have one. Check the links:

• www.northsocial.com
• www.pagemodo.com
• www.likeable.com
• www.involver.com
• www.vitrue.com
• www.hyperarts.com
• www.feedmyapp.com
• www.sayitsocial.com     

If you are stuck as to what business to get into, Ms Small Business  listed 365 business ideas  in its website, here is the link to that:

http://www.ms-small-businesses.com/365smallbusinessideas.html

Should you need professional assistance on  your business facebook fanpage, business registration requirements, accounting, bookkeeping and preparation of financial statements, just contact us.

Business Ideas

Before seriously considering going into a small business, I believe first,  you need to think about what you love to do, what do you want to do most,  your passion.

Having  your own business  will demand too much not only in terms of  time spent but it involved doing things you don't like doing at all.  At least that's how it is at the start until the time all systems are established and working.


That is why it is important that your business is  your passion, otherwise you might not last long and easily fold up  in a year or two.

There are 365 business ideas listed in Ms Small Business website, here is the link to that
http://www.ms-small-businesses.com/365smallbusinessideas.html 

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Small Business is an Answer to Poverty

Business , business, business. . If  only everyone had  a business of their own, no matter how small, that will mean a lot of difference  in the lives of the Filipinos.  Small business creates income for the owner and in return gives jobs to many people.  This thus creates a cycle for survival.   No matter how small, each of us, specially those who are not employed should create a small business.

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