DISQUS

Fat_is_History · 3 months ago

Great reading. I don't know if I'll do it in the future (at least not at the moment) but you're making it very easy to decide and how to make a corporation in the philippines. Thanks!

engrcocoestolano · 2 months ago

hoping that you could help me set-up a TUNA FISHING BUSINESS ..EITHER IN THE FORM OF A COOPERATIVE. ..CORPORATION OR A SIMPLE PROPRIETORSHIP WILL DO ... I WILL PUT-UP A 100K PHP CAPITAL TO START WITH .. THANKS

viclogic · 2 months ago

Hi there,

As for now, you need to brainstorm for the name of your business, so you can register that name with the Department of Trade and Industry (DTI). If this is your first try to go into business, and with the amount of initial capital you have, I think it would be advisable to go into sole proprietorship first (which you can incorporate later if the situation suggests). After registering your business name, you will need to obtain a mayor's permit. It may also require indorsement from Buerau of Fisheries and Aquatic Resources (BFAR). Then you need to register it with the BIR to obtain your official Receipt and pay the necessary taxes.