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4 Cards in this Set
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- Back
Registration for the business name the business needs to be registered in the philippines to be a legitimately recognize business this is to ensure that no other business or organization has the similar name is yours it is the initial step for sole proprietorship business to guarantee that there are no legal has cells in setting up the business in short securing the trade name will be the legal and exclusive right to use it within its validity period |
Department of trade and industry DTI |
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The business needs to register with the barangay office where the office is going to be located to acquire a barangay certificate of business registration |
Barangay office or barangay permit |
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Devices needs to secure a mayor's permit or business permit from the local government unit for the company offices located LGUs can be cities or municipalities and the procedures for obtaining a permit may vary depending on the local regulations and ordinances the city or municipality seeks to implement |
Mayor's office business permit |
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The business must obtain a tax identification number or TIN to file taxes with the BIR the purpose is for proper taxpayer identification and is required on all forms used for filing returns as every business has the means to contribute to the improvement of society by paying taxes |
Bureau of internal revenue |