One of the first steps you must do if you intend to launch a business in the Philippines is to submit an application for DTI (Department of Trade and Industry) registration. No matter how big or what kind of business it is, this is a need. But what requirements specifically apply to DTI applications? Let’s look more closely.
The registration of your business name is the first step in the DTI application procedure. This is a crucial step since it confirms that the name you’ve selected is original and hasn’t been taken by another company. The following documents must be provided in order to register your business name:
– Barangay clearance
– Two (2) alternate business names
– ID photos the size of a passport
– Registration fees
2. DTI Form for Business Name Registration You must complete the DTI Business Name Registration Form once your business name has been registered. Basic information about your company will be requested on this form, including your name, address, phone number, and line of business. Your registered business name and your business address must also be provided.
3. A legitimate ID You must present a legitimate ID in order to finish your DTI application. Any government-issued ID is acceptable, including a driver’s license, passport, or SSS ID. This requirement serves to confirm your identification and establish that you are the legitimate owner of the business.
4. The settlement of registration fees To finish your DTI application, you must pay the registration expenses. The cost will vary depending on the kind of business you’re registering and where it will be located.
The acronym DBA stands for “doing business as.” A DBA is equivalent to a sole proprietorship in the Philippines. This indicates that you are the sole owner of the company and are liable for all of its debts and obligations. You must adhere to the same rules for DTI applications in order to register a DBA. Does It Matter What My LLC Is Called?
LLC is an abbreviation for “limited liability company.” An LLC, in contrast to a single proprietorship, is a distinct legal entity from its owners. This indicates that the owners, or members, are only partially liable for the obligations and liabilities of the company. It’s crucial to pick a name for your LLC that is distinct and has not already been registered by another company. Additionally, you should make sure that the name you choose is memorable and appropriately describes your company. How Do You Create a Company With Your Own Name?
Many business owners choose to name their company after themselves. Simply use your complete name or a spelling variation when registering your business name to do this. If your name is John Smith, for instance, you may register your company as “John Smith Enterprises” or “J. Smith Consulting.”
There are many alternatives available if you’re seeking for a nice and memorable company name. Some suggestions are: Sweet Treats Bakery,
– Fluffy Paws Pet Grooming – Bloom Beauty Bar – Lovebug Baby Boutique – Oh So Sassy Boutique Remember to select a name for your company that both truly describes your company and is simple to recall.
It’s up to you to decide on the name of your company, but it should be distinctive, memorable, and simple to say. Additionally, it ought to showcase your brand and the goods and services you provide. To make sure that the name you select is not already in use, you might want to think about running a trademark search. Choosing a name for your website that already has a domain name available is also a good option.