Choose the sort of business structure you want to register in Step 1. Only partnerships and sole proprietorships are eligible to use the DTI Certificate of Registration. Instead, you must register with the Securities and Exchange Commission (SEC) if you intend to create a corporation or limited liability business (LLC).
Step 2: Pick a company name. Your company name shouldn’t be the same as or similar to any other name already registered with the DTI or SEC. You can check the availability of your preferred business name using the DTI’s online portal for registering business names.
3. Register your company name. You can register your business name either in person at any DTI office or online through the DTI Business Name Registration System. A legitimate ID and the registration fee are required. Depending on how long your registration will be active, different registration fees apply.
Obtain a barangay clearance in step four. You must request a Barangay Clearance from the barangay where your business is located after registering your business name. The Barangay Clearance attests to the fact that your company complies with local zoning laws and is authorized to operate there.
Apply for a DTI Certificate of Registration in step five. Through the DTI Business Name Registration System or in person at any DTI office, you can submit an application for a DTI Certificate of Registration. A copy of your business name registration, barangay clearance, and a legitimate photo ID are required. The registration cost and the documentary stamp tax must also be paid.
The acronym DBA stands for “doing business as.” It is a made-up name that a company utilizes in its marketing and advertising. For instance, John Smith would need to obtain a DBA if he owned the company Smith’s Auto Repair but wanted to market it as John’s Auto Repair. A trade name, assumed name, or fictitious name are other terms for a DBA. Is a DBA necessary for my website?
It depends on the type of website you have. You do not need to file a DBA if your website is a personal blog or a non-profit organization website. However, if you wish to use a different name for advertising and marketing if your website is a company website that makes money, you might need to file a DBA. Are DBA names safeguarded?
DBA names are not covered by copyright or trademark laws. This implies that other companies may utilize the same or related DBA names. A company may be charged with trademark infringement if it employs a DBA name that is confusingly similar to a name that is already registered as a trademark of another company.
No, the Australian Business Number (ABN) and the DBA are not the same. An Australian firm is identified by its ABN, which is a distinct 11-digit number. It is employed for fiscal and commercial purposes. A DBA is a fictional name that a company uses for marketing and promotion.
The name that a company uses for all legal and financial transactions is its legal name, which is the name that is formally registered with the government. It is the name that is printed on official papers like the DTI Certificate of Registration, business permits, tax filings, and others. The registered business must not already be using another name that is identical to the legal name.