Procedure in Business Registration.

Step 1: Verify the availability of the company name Apply for a company name in the SEC. If the applied name is approved then file for an application for incorporation to the SEC to extend the deadline for another month. Step 2: Obtain a bank certificate of deposit for the paid-in capital Proceed to a preferred bank that will cater your service. Step 3: Prepare and register incorporation papers Submit the verification slip (from Step 1), bank certificate of deposit (from Step 2), articles of incorporation and by-laws, treasurers affidavit and many other documents. Forms and check list available at the SEC. Step 4: Obtain a company Community Tax Certificate (CTC) Can be obtained at the barangay office or city hall. Step 5: Apply for a Barangay or District clearance Can be done barangay office and payment. Step 6: Obtain a mayors business permit Done at the City Hall Business Licensing Office Step 7: Register for taxes Done at the Bureau of Internal Revenue (BIR) office. You will obtain your company Tax Identification Number (TIN), authority to print receipt/invoices and other documents. Step 8: Buy accounting books Buy from any bookstore. Spending around P500 for a cash receipts account, a disbursements account, a ledger and the general journal. Consult the local BIR office for specific requirements on the books. Step 9: Print your receipts Done with any print shop accredited by the BIR. Step 10: Have your receipts and books stamped Done at the BIR office. At this point, one can now legally operate business. Step 11: Register your employees Done at various offices. As required by law, company will need to enroll your employees with the Social Security System (SSS), Department of Labor and Employment (DOLE), Home Development Mutual Fund (HDMF) and Philippine Health Insurance Corp. (PhilHealth).