How to Plan and Start a Business

November 12, 2010

SEMINAR TITLE: How to Plan and Start a Business

Focus: how to start a business, entrepreneurship training, starting a business in the Philippines, how to start a small business

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (02) 8727.88.60 / (02) 8727.56.28 / (02) 8701.70.01 / (02) 8701.70.02 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program

Objective: The participants will identify the qualities of entrepreneurs, and discover the necessary basic procedures in planning, organizing, registering, funding and marketing their own business.

Key Topics:

I. Are you ready to be an entrepreneur?

II. What business is right for you? – Self-assessment

• Personal capabilities and weaknesses

• Assets you currently have – property, contacts, etc.

III. Different types of businesses – Advantages and disadvantages of each type

• Sole Proprietor

• Partnership

• Corporation

IV. Business research and business planning

V. SWOT analysis for business

VI. Freelance and home-based businesses

VII. Required capitalization

• Capital expenditures (equipment, inventory, renovation, lease deposit, etc.)

• Operating expenses (rental, payroll, electricity, utilities, receivables and etc.)

VIII. Finding the right location

• Determining your target market

• Proximity of customers and suppliers

• Zoning and presence of needed facilities

• Negotiating your lease contract

IX. Manpower requirements

• Selection and recruitment process

• Computing wages and salaries

• Basic labor laws you must know

X. Equipment required

• Determine capacity and other requirements

• Lease or buy?

• Other considerations

XI. Locating the best suppliers

XII. Basic business permits and licenses

XIII. Different government agencies accreditation

• Barangay, DTI, SEC, BIR, City Hall or municipal office, SSS, Philhealth, Pag Ibig, DOLE, etc.

XIV. Bookkeeping and taxation – What and when you must record, file and pay.

• Journals, ledgers, and financial statements

• VAT and other taxes

XV. Marketing strategies (On-line, joining trade fairs, social networking)

XVI. Seeking further help

• Business associations

• Consultants

SEMINAR FEE: Php 3,500 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: Php 500.00 Discount if FULL AMOUNT is paid at least five (5) banking days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION:  Please call telephone (02) 8727.88.60, (02) 8727.56.28, (02) 8701.70.01, (02) 8701.70.02, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly leave a message at the comment box below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.

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How to Register a Business

October 22, 2010

 

Steps in Business Registration

1. Get a Barangay Clearance

2. If Sole Proprietorship – Register with the Department of Trade and Industry (DTI) for Business Name Certificate
If Partnership / Corporation – Register with the Securities and Exchange Commission (SEC)
If Cooperative – Register with the Cooperative Development Authority (CDA)

3. Secure Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) District Office where the business is to be located

4. Apply for business permit and license from the city / municipality where the business is to be located. Also get sector specific clearances as necessary:

a. Travel agency – Department of Tourism (DOT)
b. Food and Cosmetics – Bureau of Food and Drugs (BFAD)
c. Pawnshop – Bangko Sentral ng Pilipinas (BSP)
d. Schools – Department of Education (DepEd)

5. Register with the Bureau of Internal Revenue (BIR) District Office where the business is to be located for Authority to Print Invoice and Book of Journal

6. Register your business with the following offices for compliance to good employer-employee relationships, incentives and benefits, and social, community, and environmental responsibilities:

a. Social Security System (SSS)
b. Department of Labor and Employment (DOLE)
c. Philhealth
d. HDMF
e. Department of Environment and Natural Resources (DENR)

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Registering with the Securities and Exchange Commission (SEC)

August 13, 2010

 

Registering with the Securities and Exchange Commission (SEC)

For Partnerships and Corporations

SEC Registration Certificate
Where: SEC Building, EDSA, Greenhills, Mandaluyong City
Website: http://www.sec.gov.ph, or visit http://iregister.sec.gov.ph/MainServlet (for online registration)

Requirements of Partnership

  • Verification Slip Form (Re: Proposed Name)
  • Accomplished Registration Data Sheet
  • • Articles of Partnership
  • Written Undertaking to Change Corporate Name
  • If the contributed capital is in the form of real property, additional requirement is a Deed of Assignment executed by the stockholder who is the owner.

Requirements for Corporation

  • Articles of Incorporation and By-Laws
  • Verification Slip Form (Re: Corporate Name)
  • Accomplished Registration Data Sheet
  • Treasurer’s Affidavit
  • Bank Certificate of Deposit
  • Authority to Verify Bank Accounts
  • Written Undertaking to Change Corporate Name, when necessary
  • Subscriber’s Information Sheet
  • If the paid-up capital is in the form of property, submit the following additional requirements:

(1) Statement of Assets and Liabilities
(2) Deed of Assignment executed by the stockholder who is the owner of the property in favour of the corporation. If the property contributed is a building or a parcel of land, the deed must be presented to the Register of Deeds for registration.
(3) If the property being contributed is a parcel of land, submit detailed list of the parcel of land showing the Transfer Certificate Title (TCT) numbers, registered owner, lot and block numbers, area, location, and encumbrances, if there is any.

  • Payment of registration fee

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Registering with the Department of Labor and Employment (DOLE)

August 13, 2010

 

Registering with the Department of Labor and Employment (DOLE)

Every employer, as defined in Rule 1002 of the Occupational Safety and Health Standards, shall register his / her business to the Regional Labor Office or authorized representative having jurisdiction thereof to form part of the databank of all covered establishments.

Where: Malate, Manila, or go to the nearest DOLE Regional / Provincial Office
Hotline: (632) 527-8000
Email: osec@dole.gov.ph
Website: http://www.dole.gov.ph

Requirements:

  • Registration form DOLE-BWC-IP-3 in three copies to the Regional Labor Office or authorized representatives
  • Attach layout plan of the place of work floor by floor, in a scale of 1:100 meters white or blue print showing all the physical features of the workplace including storage, exits, aisles, machinery, clinic, emergency devices, and location.

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Registering with the Bureau of Internal Revenue (BIR)

August 13, 2010

 

Registering with the Bureau of Internal Revenue (BIR)

  • Tax Identification Number (TIN)
  • Authority to Print Invoice
  • Book of Journal

Where: BIR Provincial Office where the business is located or go to BIR Revenue District Office
Website: http://www.bir.gov.ph

Requirements:

  • Application for Registration for Corporation / Partnerships (Taxable/Non Taxable)
  • Documentary Stamp Tax for Articles of Incorporation
  • Payment of Yearly Registration Fee
  • SEC Certificate of Incorporation / Certificate of Co-Partnership or License to Do Business in the Philippines, in case of resident foreign corporation
  • Mayor’s Permit

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Registering with the Municipality

August 13, 2010

 

Registering with the Municipality

How to Get a Mayor’s Permit

Where: Municipality or City where the business is located

Validity: 1 year

Requirements may include the following:

  • DTI or SEC Registration Certificate
  • Community Tax Certificate
  • Barangay Clearance
  • Location Clearance
  • Certificate of Occupancy
  • Building Permit
  • Fire Safety / Inspection Permit
  • Electrical Inspection Certificate
  • Contract of Lease
  • Picture / Sketch of the Site

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Registering with the HDMF (Pag-Ibig Fund)

August 13, 2010

 

Registering with the HDMF (Pag-Ibig Fund)

HDMF or Pag-Ibig Fund Membership
Where: Atrium Building, Makati Avenue, Makati City
Website: http://www.pagibigfund.gov.ph

Per Republic Act 7742 which was fully implemented on January 1, 1995, membership to the Pag-Ibig Fund shall be mandatory for all employees covered by the Social Security System (SSS) and/or the Government Service Insurance System (GSIS) and earning at least PhP4,000 a month. This mandatory coverage extends to expatriates whose age is up to 60 years old and who are compulsorily covered by the SSS.

Membership for employees who are earning less than PhP 4,000 a month, including those who belong to other working groups, shall be on a voluntary basis.

Requirements for Individual Payors (IP)

Self-Employed

• Latest Income Tax Return (ITR) with Financial Statement of the previous year certified by a Certified Public Accountant (CPA)
• Certificate of Remittance/Employees Statement of Accumulated Value (ESAV) (for old members)
• Two 1×1 ID pictures
• SEC or DTI Registration (should be under the member’s name)
• Business Permit or Mayor’s Permit

Operators or Franchise Holders

• Franchise Permit (under the member’s name)
• Official Receipt
• Latest ITR (previous year)
• Two 1×1 ID pictures

Self-Employed (Commission Basis)

• Latest ITR (previous year) or Commission Voucher
• Certificate of Representation from company (notarized) or Company ID
• Certificate of Remittance or ESAV (for old members)
• Two 1×1 ID pictures

Self-Employed Professionals

• PRC/Bar License
• Latest ITR (previous year)
• Certificate of Remittance or ESAV (for old members)
• Two 1×1 ID pictures

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