Sole/Single Proprietorship: Philippines Business Registration Guide

Sole/Single Proprietorship. It is the most basic form of business that one can establish. It is defined as a business unit where the manager is also the owner. Often, the owner and the business are synonymous with one other.

The Steps in Business Registration of a Sole/Single Proprietorship:

1. DTI-BTRCP Registration – It is necessary to register your business with the Department of Trade and Industry (DTI) and the Bureau of Trade Regulation and Consumer Protection (BTRCP) because you will gain the exclusive right to establish and use your business name. It also offers protection from those could take advantage of your name. These government agencies see to it that there is no duplication in the use of names.
2. Barangay Clearance – The Local Government Code requires all local businesses to register at the barangay level. This is easy to do and a minimal fee is required.
3. Registration with the Local Government – Permits and licenses required to ensure that standards are met and that businesses comply with the specific requirements of the business locale.
   • Business Permit and License
   • Locational Clearance
   • Barangay Micro Business Enterprise
4. B.I.R. Registration – The Bureau of Internal Revenue (BIR) will furnish your business with its own tax identification number and the authority to print receipts, invoices, etc.
5. SSS Registration – The Social Security System offers your employees many benefits. It also benefits you, as employer, in cases of employees’ disability or death.
6. DOLE Registration – Registering with the Department of Labor and Employment (DOLE) is required for businesses with 5 or more workers.
7. PHILHEALTH - Securing membership in the government health care benefits system.
8. Manila Electric Co. (MERALCO) – Securing electric services connection for business in MERALCO franchise area; local electric utility firms for companies locating in non-MERALCO franchise area.
9. Maynilad Water Company and/or Manila Water Company for firms locating in Metro Manila and Local Water Utilities Administration (LWUA) for firms locating outside Metro Manila – Securing Water services.
10. Philippine Long Distance Telephone Co. (PLDT), Bayantel, Digitel, Smart and Globelines – Securing Telephone services connection.
11. Registration with other offices – You may be required to register with other agencies of government, depending on your type of business. Some examples are the Bureau of Food and Drug, Garment and Textile Board, Department of Tourism, Philippine National Police.

Source: Technology Resource Center

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