Register Your Business Name at DTI (3 Simple Ways)

Bear in mind that you may register your business name either by visiting the DTI regional or provincial office or Negosyo Center nearest you or apply online through the Business Name Registration System (BNRS). If applying through walk-in, you may download the business name registration forms for you to print and accomplish them prior to your visit.

Business name-related laws and policies are also available for your further information and guidance. (Credit: DTI.gov.ph)

A. Steps for Online Registration at http://www.bnrs.dti.gov.ph

1. Fill out application form by typing the required information (proposed business name, TIN, name of registrant, address, etc.,).

2. Submit online and you will receive transaction reference number acknowledgment via e-mail.

3. Submit the necessary documentation mention in the acknowledgment in DTI office in your area. The reserve business name online is only up to 3 working days.

4. Pay your application. Payment can be through GCash or at the DTI teller. Fees will depend on the territorial jurisdiction covered in the application (barangay, City/municipality, regional or national). (Credit:dti.gov.ph)

Choose your proposed business name

Before you register your business with the DTI, you should be ready with your proposed business name. The following are guidelines for an acceptable and not acceptable business name:

Acceptable business names:

• The root word or words of the name shall be considered.
• Describes the nature of business
• Comprised solely of letters and/or numerals
• Punctuation that are part of English and Filipino language

Names that are not acceptable:

• Those which are or whose nature of business is illegal, offensive, scandalous, or contrary to propriety.
• Those which are identical or which nearly resemble business names already registered with government office authorized to register names.
• Names composed purely of generic words.
• Names by which by law or regulation cannot be appropriated.
• Distinguished or suggestive of quality of any class of goods, articles merchandise or service.
• Abbreviation of names of any nation, inter-governmental or international organization
• Names which are misleading, deceptive or which misrepresent the nature of business

B. Steps for over-the-counter registration

A. Obtain application forms (duplicate copy) and fill these up completely. Only the owner of the business or his/her Attorney-in-Fact (who is authorized in a proper legal instrument) is authorized to sign all the forms.

B. Meet the following requirements (For Single Proprietorship):

• Must be a Filipino citizen, at least 18 years old. Filipinos with names suggestive of alien nationality must submit any of the following proof of citizenship: birth certificate, PRC ID, voter’s ID, or valid passport. If the applicant has acquired Filipino citizenship by naturalization, election, or by other means provided by law, he must submit any of the following proof of his Filipino citizenship: naturalization certificate and oath of allegiance, card issued by the Bureau of Immigration and Deportation and affidavit of election, or ID card issued by the Bureau of Immigration and Deportation.

• Certain types of business may have other requirements such as service and repair shops, real estate brokers, dental/medical clinic/hospitals, pawnshops, manpower services, engineering/architectural services and other services provided by professionals.

C. Submit application form to the DTI Processor. The DTI Processor will check if the Business Name is still available, if yes, you will be asked to pay the application fee.

D. Pay the required registration and processing fee.

New BN registration fees in effect

The Department of Trade and Industry (DTI) is now implementing the following registration fees for business name registration (original and renewal) depending on the territorial jurisdiction covered in the application:

a. Barangay: PHP    200.00
b. City / Municipality: PHP    500.00
c. Regional: PHP 1,000.00
d. National: PHP 2,000.00

For more information, please call DTI Direct at 751.3330.

E. After showing the receipt to the Processor, the Business Name Certificate will be released.

F. Your Business Name Certificate is valid for 5 years from date of registration.

C. Steps at Negosyo Centers is the same as over-the-counter

Please refer to the list of centers near you.

Negosyo Centers Near You

In Metro Manila, Business Name Registration Desks can be found in SM’s Business Service Centers or Consumer Welfare Desks at the following SM Malls:

📍Aura at B-10, SM Aura, Premier, 26th Street corner McKinley Parkway, Barangay Fort Bonifacio Global City, Taguig City 1630 (basement area beside Klinik Watch);

📍Harrison at SM Harrison Dept. Store, 2F neal Mall Entrance, F.B. Harrison St., Malate, Manila;

📍Megamall at 5F level bridgeway; San Lazaro at Lower Ground Floor beside Roper Photo Studio;

📍BF Home Paranaque at Services Counter, SM City, BF Paranaque, Dr. A. Santos Ave., cor. Presidents Avenue, Barangay BF Homes, 1700 Paranaque City;

📍Makati at Mall Information Booth (Astroplus), 3F Bills Payment Counter;

📍Mall of Asia at 2F South Wing, beside Philcopy;

📍Southmall at 3F Across Cyberzone; Bicutan at Upper Ground Floor, Building B near Bingo Bonanza;

📍Manila at Upper Ground Floor near Yummy Roast, beside Century Drug Store;

📍North EDSA at 2F Skybridge, The Block SM City EDS cor. North Avenue, Barangay Bagong Pag-asa, Quezon City;

📍Sta. Mesa at 2F Mall Area, North Wing Side;

📍Cubao at 3F near Appliance Center facing 3F Car Park;

📍Marikina at SM City Marikina, UPL Unit 021, Marcos Highway, Barangay Kalumpang, Marikina City;

📍Novaliches at 2F beside Copytrade near Department Store entrance;

📍Sucat at 3F-311 Bldg. B, SM Sucat;

📍Fairview at Lower Ground Floor beside Fitness First;

📍Quiapo at Services Counter, SM Quiapo, MDC Bldg. C. Palanca St. Quiapo, Manila.

In Region 3, the DTI’s e-business registration can be found at the

📍Marilao, Bulacan at 2F-252 SM Marilao.

In Region 4A e-business registrations are located at the following SM Malls:

📍Bacoor, Cavite at 3F Cinema in front of Cherry Mobile;

📍Dasmarinas, Cavite at Lower Ground Floor beside Photoline;

📍Calamba, Laguna at 2F beside the escalator;

📍Sta. Rosa, Laguna at Ground Floor across SM Applinace Center;

📍Masinag, Antipolo at the Consumer Welfare Desk, 2F Cyberzone area and

📍Taytay at 2F beside Great Image near Skybridge.

(Credit:www.sminvestments.com) April 22, 2014

Nowadays, business registration has been made available to the people in a convenient manner. Whether you can go to the DTI office, to Negosyo Centers or Online, it is important that you abide the policies to prevent hassle. Be in the statistics of growing Filipino business owners.

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BIR Taxation and Receipts 101

I recently attended a seminar for business tax payers. It was conducted in Sta. Maria, Bulacan (my RDO) since my business address is within its jurisdiction. That was after I transferred my RDO address from East Pasig as an employee (from previous employer) to Sta. Maria as an entrepreneur. Ms. Soc (a BIR Officer) was very detailed of the information which I need to know as an entrepreneur. I should have taken some pics during the briefing. I was so busy taking down notes like a kid’s first day in school. I listened carefully but still mixed up some details in mind. I am confident I was able to jot down the important things to remember.

Before we proceed, let us define first taxation.

Taxation is the act of levying the tax, i.e., the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of the government. It is merely a way of apportioning the cost if the government among those who in some measures are privileged to enjoy its benefits and, therefore, must bear its burdens. (71 Am Jur. 2^nd 342; 1 Cooley 72-73). (Credit: philtaxation.blogspot.com)

Tax law in the Philippines covers national and local taxes. National taxes refer to national internal revenue taxes imposed and collected by the national government through the Bureau of Internal Revenue (BIR) and local taxes refer to those imposed and collected by the local government. The Tax Code of 1997, Revenue Issuances and BIR Rulings pertaining to national taxes are posted at the BIR website. (Credit: bir.gov.ph)

I learned that when you have a business entity rendering services such as ours; printing, also transportation (ex. Grab Taxi),  and others you need to issue an Official Receipt. While if you are engage in trading such as selling shirts and other stuff, you need to issue a Sales Invoice. Those 2 receipts should have the taxpayer’s info such as Trade name, Tax Identification Number (TIN), Name of Proprietor, Business Address, Contact number, Printer’s info at the bottom and of course the amount of transaction involved. So, when you hear someone needs an O.R. or Official Receipt, that person is pertaining to a receipt with TIN issued by the business establishment/proprietor. It could be a Sales Invoice or the Official receipt. Again, depends if the nature of business is service or trade. Another one is Collection receipt, issued when full payment of items are given after the down payment as agreed upon the seller and the buyer . Got it?

As a business owner, you and your business will start to pay taxes in the Philippines according to law. There are VAT (12% of the gross income) and Non-VAT, Percentage tax (3% of the gross income), Withholding tax, Income tax (Gross less the disbursement) and others. The business owners shall pay their taxes on a monthly, quarterly and annual basis; depends which they are classified. There are also digferent deadline dates each month, quarter and the annual deadline every 15th of April.

There are BIR forms for every tax type which the business owners shall pay. It can be found here.

I have a lot to learn in taxation. I will share with you every step of the way. I actually need help to illuminate me on some matters. Anyone?

“Pay your taxes on time to avoid penalties” 😊

How to Register your Business

Perhaps you started it as a hobby. You’re doing it part-time. You didn’t expect that you will earn money from it. You’re just doing it at home and you have set up a home office. Now, you want to make your home-based business legal. You want to register your small business. You want to have official receipts and invoices so that you can expand your business, get more customers, and issue such invoices to them. You also want to pay taxes and have income tax returns, which you can use for loan application and other purposes. But you don’t know what to do and don’t know where to go.

If you’re planning to register your home-based business in the Philippines, here are some tips on how to do it:

KNOW YOUR FORM OF BUSINESS

In the Philippines, businesses can usually be formed as a sole proprietorship, partnership or corporation. Partnership and corporations are required to register with the Securities and Exchange Commission (SEC), while sole proprietorship is required to register with the Department of Trade and Industry (DTI) for it’s trade name registration. The two most common forms of companies in the Philippines are single proprietorship and corporation, although there are also a number of Filipinos who register a company as a partnership.

Corporations are required to submit regular reportorial requirements with the SEC, which may be quarterly or annually depending on the type of industry. On the other hand, proprietorship businesses usually submit requirements with the DTI during registration and renewals. In other words, for small or home-based businesses, a sole proprietorship form of business is the easiest, fastest, and most affordable way to process and comply. The only drawback is that if you will register a sole proprietorship business now and you will convert it to a corporation in the future, you will need to process a formal closure of your business with the agencies you were registered (i.e., DTI, Mayor’s Office, BIR, and others) and register it again as a corporation which is a new, separate, and distinct legal entity.

By the way, if you’re a proprietor, your proprietorship business uses the same Taxpayer’s Identification Number (TIN) as yours. In other words, you and your business are the same entity for tax purposes. On the other hand, if you’re a shareholder in a corporation, the corporation uses a different TIN and is a separate entity for tax purposes. This also means that your proprietary business will be reflected in your personal ITR, while a corporation will file its own corporate ITR.

So, should you register a proprietorship business or a corporation? The choice is yours. Incorporation requires more financial, time and human resources. If you don’t have the money, if you’re not knowledgeable in the corporate setup, and if you don’t have a reliable bookkeeper or accountant who will help you on the process, then it may be wiser to initially register a proprietorship form of business.

 

THE REGISTRATION PROCESS

The business registration process in our country can be a difficult task for small business owners who don’t have any idea what to do and where to go to register their business. That is why most of them are hiring bookkeepers to do this for them. Unfortunately, some micro or small business owners can’t even afford to pay a bookkeeper.

Speaking of micro businesses, under R.A. 9178, otherwise known as the “Barangay Micro Business Enterprises Act of 2002. If your business qualifies, you could enjoy privileges, such as income tax exemption, exemption from the coverage of the Minimum Wage Law, special credit assistance, and other support from the government.

Now let’s go back to the registration process. Actually, I have already written several articles about the different processes and steps of business registration with the different government agencies in the Philippines. Hence, you just need to read those posts for further details.

To have an idea and understand the business registration process, here is an outline of what you should do and where you should go to legalize your home-based business:

If you’re registering a sole proprietorship, you have to deal with the following offices:

1. Department of Trade and Industry (DTI) – to register your business trade name.

2. Mayor’s Office – to get a Mayor’s business permit and pay local business taxes.

3. Bureau of Internet Revenue (BIR) – to register your business, get TIN, apply for official receipts or invoices, register your books of accounts, and remit your national taxes (i.e., income tax, VAT or Percentage Tax, withholding tax, and annual registration fee).

4. Social Security System, Philhealth, and Pag-Ibig Fund – to register yourself as an employer and as a self-employed member.

5. Other government agencies – if your business needs secondary licenses. For example, pawnshops, money changer, money remittance businesses are required to register with the Bangko Sentral ng Pilipinas (BSP). Education providers may also be required to register with the DepEd, CHED or TESDA.

A Barangay business clearance is also a requirement to process your registration. You will go to the DTI first to register your trade name. Remember that your trade name will be the business name that will be printed in your Mayor’s Permit, official receipts and invoices.

Take note that having a certificate of registration from DTI doesn’t make your business legal or legitimate. It doesn’t give you the license to operate as a business. Your certificate of DTI registration is only a registration of your “Business or Trade Name”. It gives you the permit to use your “business name” but not the permit to operate as a business until you complete your registration with other agencies, like the Mayor’s Office and BIR.

In other cities of the Philippines, like Makati City, business registration can be a one-shop stop because of the government’s program to make business registration more efficient. Unfortunately, many cities and municipalities in our country are still not enabled for that.

Now if you’re registering a corporation or partnership, you should register your business first with the SEC. Basically, corporations and partnerships are not already required to register with the DTI since their company or corporate name will already serve as their trade name. Their corporate name will be the name that will be printed in the official receipts, invoices and other documents of the business.

So the difference between registering a corporate business and a proprietorship business lies only with the SEC and DTI. The first should register with the SEC, while the latter should register with the DTI. The next steps are the same. Both of them need to register with the Mayor’s Office, BIR, SSS, Philhealth, Pag-Ibig Fund, and other applicable agencies, as enumerated in the list above.

ANSWERS TO FREQUENTLY ASKED QUESTIONS

I have readers and followers of this blog who are asking me the following questions. So I’ll share my answers here.

1. Is a sole proprietorship business a company?

Yes it is a company, especially if you will register a trade name with the DTI and you will hire employees. You don’t need to register a corporation to have a company.

2. What if my business is only a home-based business, is it required to be registered with government offices?

If you are earning income, you are basically liable for income tax, and if you’re doing business, you are basically liable for business taxes, which can be either VAT or Percentage tax. Hence, you are required to register with the BIR and other agencies. You can make your home-office as your registered business address. You can also claim as business expenses or tax deductions the allowable expenses you will incur in your home-based business, such as the allocated rent, electricity, water, telephone, and improvement expenses that are directly related to your business operation. Your personal or residential expenses must be separated and not be included in your business expenses for tax purposes.

3. What if I am a professional and I don’t have employees, should I register myself?

If you’re not engaging in business yet you are providing services to clients, you are also earning income which can be taxable. Therefore, you are still required to register as a professional with the applicable government offices. If you will not use a “trade name”, and will only use your “full name”, you are not required to register with the DTI. You have to pay your professional tax with the Mayor’s Office and apply for registration with the BIR. Your full name will also be the name that will appear in your official receipts. Furthermore, you have to register yourself as a self-employed member with the SSS, Philhealth and Pag-ibig Fund.

4. I’m afraid to do transactions with government officers because of the negative things I heard from them like extortion and corruption, what should I do? There are actually laws in the Philippines that protect citizens from abusive and irresponsible government employees and officers. One of these laws that you should remember is Republic Act No. 9485 otherwise known as the “Anti-Red Tape Act of 2007?. The Anti-Red Tape law was enacted to improve efficiency in the delivery of government service to the public by reducing bureaucratic red tape and prevent graft and corruption in government agencies and offices. So the next time you transact with a government employee, tell him or her that you are fully aware of this law.

Ctedit: http://www.businesstips.ph

Uber Experience: First Time!

We just sold our car so we have to find a safe ride in Manila. I downloaded the Uber App on my phone. I did not have any idea of Uber. As I went ahead, I registered my full name, contact number, and credit card details. (Riding in Uber cars is a cashless transaction).

We visited our Uncle in Veterans Medical Memorial Hospital in Quezon City. He used to serve in Philippine Navy during his younger years. After almost an hour of chat, we had to go and go ahead to our next destination; Smart Araneta Coliseum. We will watch the A Song of Praise 2015 (ASOP). You may read our experience here.

Continuing with our Uber experience, I went online to book a car going to Cubao. We were lucky to have an Uber Black car near the VMMC Hospital. It was a Ford Everest – black with driver/Uber partner Kuya Rogen. I can see on the map his location. I felt like a “probinsyana” using the Uber app! It was amazing how in 1 click, I can ask for a car to bring me to my destination. Technology it is! He arrived in 6 minutes from the moment I booked the ride! Swift!

What did I do? I asked my husband to take a picture of me with the Uber car behind me. Perstaym! Then I hopped in (with my husband of course). And I told Kuya Rogen, “First time ko Kuya sumakay ng Uber!”. He replied while smiling,  “Welcome to Uber mam.” I laughed at myself.😄

Since it was the start of light to medium traffic, I asked Kuya Rogen few things about his Uber experience as an Uber partner. He responded with honest answers. He even gave us tips if ever we will engage in the same transpo business. He said he is included in the pioneer batch of Uber and was interviewed on TV to share his great experience in succeeding as an Uber partner. He even ranked #1. Galing di ba?! He told us his success story and it was very inspiring. The Ford Everest he is driving that night is one of his 3 Ford Everest (I hope I got it correctly). All has been paid off with the help of Uber. Wow! He has other vehicles apart from those. Another Wow! We found out he also lives in Bulacan, near where we live. Kababayan! He also has a barber shop in Sta. Maria Bayan called “Amigo”, named after his nickname. In a span of 30 minutes, we were inspired by his success story.

Here is an idea how much Uber charges its riders.

UberX

Car types: Sedan and AUV (Vios, Innova, Adventure, etc.)

Minimum Fare: PhP 40

Base Fare: PhP 40

Per Minute Rate: PhP 2

Per kilometer rate: PhP 5.7

UberBlack

Car types: SUV (Fortuner, Grandia, Montero, Everest, etc.)

Minimum Fare: PhP 120

Base Fare: PhP 90

Per Minute Rate: PhP 2.10

Per kilometer rate: PhP 12.92

Filipinos are really resourceful especially in means to earn money. It may mean less time with their families (for full-time partners) but it is for their good (could even be long-term).

At present, we call/text Kuya Rogen whenever we need a ride. He is very accomodating, professional and trust worthy. Saludo kami sa iyo Kuya Rogen.

Use my Uber promo code, “checadiz”, and get ₱200 off your first Uber ride. Redeem it at https://www.uber.com/invite/checadiz

Credits:

Uber Manila

UberManilaTips

Plumber – Build My Rank

Seal of Daly City, California to illustrate the article about the city. (Photo credit: Wikipedia)

What are the tasks of a Daly City plumber?

A plumber is a maintenance and repair professional who installs and repairs water and heating systems, they are also responsible to review blueprints and building codes. The reason is to determine work details and procedures before he gives the client a cost estimate. The Plumber may not always be working on new construction instead he may be required to do repair work on old construction. The Plumber must have the ability to exert maximum muscle force to lift, push, pull, or carry objects.

To be a successful plumber, he must have excellent listening skills, so he may understand client’s issues. He should have time management skills to effectively manage and complete all delegated work within the specified time. He must also possess a high school diploma or equivalent. He may also choose to pursue an apprenticeship. He may also need to obtain a license, but it may vary from state to state and Daly City plumbers are not exempted. Most of the plumbing services in Daly City promise that they perform plumbing services on time and in most cases the same day. In addition, they will provide you with the plumbing service you need in less time, for less money, than other plumbing contractors.

**This is a sample work done for one of my online job.

Can You Really Make Money with Affiliate Marketing?

 

The answer is “Yes!” But how do we make money online? What is Affiliate Marketing? How can it help you earn? Affiliate marketing can be a great source of income. Affiliate marketing, is an online business which rewards the publisher or author of the website/blog for every clicks or purchased products or service through their website on a fixed price or percentage commission. We are now in the computer age, where everything seems quick. An affiliate marketer can utilize their time while doing the business. It could be on breaks while at work, while you are travelling (provided you have a good connection), or any other time you wish to and basically on your idle time. There are endless possibilities in making money through this.

Hold up! This is not as easy as 1-2-3. We need the following to succeed to be an affiliate marketer.

It requires a quality content website/blog. There are tons of topics to choose from that will grab the attention of your readers. Make the content useful and informative. Content should be your utmost priority.

You must also maintain relationship with your readers. You must know your readers and their interests in order for them to keep coming back to your website. Trust from your readers is important. Your content has to be real and honest. This way you will get them be engaged. Your website can have more followers and referrals can be possible.

You must build a good reputation too. You must be honest with the product you are promoting. If you advertise a product/service that broke easily or provided a bad customer service, it will bounce back to you. Chance is you lose one or more readers/customers. Readers follow your recommendations.

Writing a blog requires commitment. It asks for your focus and determination. Make the readers be involved. Have strategies to promote your blog and be used for affiliate marketing. One of the objectives should be to top the search results to invite readers to visit your blog coming from search engines like Google, Yahoo, Bing, and among others. Here comes Search Engine Optimization. SEO is the practice of improving and promoting a web site in order to increase the number of visitors the site receives from search engines. Properly executed SEO techniques will bring your website increased exposure, recognition, and will generate free traffic.

You don’t have to be up to date. Being timeless can encourage readers to view posts from you. Make it timeless, not new or old. Old articles can still generate visitors and income. If the readers notice your posts are dated 2000 and late, they will just leave and click on other websites that they will find more interesting.

In choosing the affiliate partner, choose the one that also catches your attention as it might catch theirs too. Choose the right affiliate partner through research to avoid scams. One affiliate program may work to others but not to you. Be patient and try the other programs until you find the one that works best for you. It takes time to earn big. Just like other big companies, the reputation and income they have are not earned overnight.

If you’re confused and you need suggestions, please click the link below. Here you can find the A-Z List of Ad Networks and Affiliate Programs http://onlinebusiness.about.com/od/affiliatemarketing/tp/online-advertising-networks.html

It will tell you the network, product and their offers, so you can choose which one suits your blog. Read through them, contemplate and make great decisions on how to build and promote a blog used for monetization purposes. You will end up telling yourself, “ I can’t believe it’s happening.” Yes, there is money in affiliate marketing. Now, Hit it!

   

You can listen to the flash player of this website to learn more: http://www.copyblogger.com/affiliate-marketing-beginner/

Hit Play to Listen to the Topic

Other helpful links on Affiliate Marketing: http://www.bitdoze.com/make-money-online/aff/how-money-can-be-made-with-affiliate-marketing/