General Requirements in Putting Up a Business

4729 Words Aug 31st, 2011 19 Pages
Requirements in Putting up a Business

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A. REGISTERING A BUSINESS NAME
Acceptable Business Names * The root or words of the name shall be considered (e.g. “Island” instead of “Islander” * The business name should describe the nature of the business. It should be comprised solely of any or all of the following: letters, numerals, and punctuation that are part of the 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 nearly resemble business names already registered with the DTI and the SEC. * CDA, DOLE or any other government office authorized by law to register
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For Special Documentary Requirements * Copy of the Business Name of the main office/establishment, for branch application. Bulk Sales Certificate, if the business name was obtained pursuant to Act No. 3952 (The Bulk Sales Law), as amended, and Affidavit executed by the transferee-applicant * DTI Accreditation Certificate for the applicants engaged in repair service covered by and pursuant to Presidential Decree No. 1572 * DTI Accreditation Certificate for applicants engaged in importation; manufacture, sale or servicing of the fire extinguisher, supplies and equipment pursuant to Presidential Decree 721 * DTI Bonded warehouse License for applicants engaged in the business of “warehouse” as defined under Act 2728 (Law on Brokerage Business) * Proof of registration with license from the proper government agency authorized to regulate the profession to which the applicant belongs if the latter seeks to register a business related to, or practice his/her profession; otherwise, a dully notarized contract of employment of a licensed professional and proof of such license, if the owner is not a licensed professional; * Franchise Agreement or equivalent contract and a copy of Certificate of Business Name Registration of the franchiser * Affidavit executed by all compulsory heirs