Business Studies, asked by cedrekwatingmailcom, 5 days ago

why do we have to follow logical steps in registering our sole proprietor ship business in the philippines​

Answers

Answered by shraddhasinghsjs0391
0

Answer:

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Explanation:

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Answered by iamadityasrivastava1
0

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Explanation:

Since the law treats the owner and the business as the same, the sole proprietor only needs to register his or her name with the Department of Trade and Industry (DTI) and secure local licenses and permits to commence business operations.

Here’s a step-by-step process for registering a sole proprietorship in the Philippines:

Register a business name with DTI to acquire a DTI Certificate of Registration;

Register with the Barangay Office where the business is going to be located to acquire a Barangay Certificate of Business Registration;

Register with the Mayor’s Office to acquire a Mayor’s Permit; and

Register with the Bureau of Internal Revenue (BIR) to acquire a Certificate of Registration.

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