Requirements for Dissolution/Closing a Business in the Philippines.

1. Local Government Unit – Barangay Hall.

a. Valid ID.

b. Barangay Clearance.

c. Letter of Request for Retirement/Closure of Business.

2. Local Government Unit – City Hall.

a. Valid ID.

b. Barangay Clearance.

c. Barangay Certificate of Closure Indicating Date of Closure.

d. Latest Business Permit.

e. Affidavit of Closure, Board Resolution or Notice of Dissolution Indicating the

Exact Date of Closure.

f. BIR Form 2303 or Certificate of Registration.

g. Latest ITR and Financial Statements.

h. Latest VAT and OPT Returns.

i. Books of Accounts.

j. If with branches, proof of business tax payment from the LGUs governing the
branches.

3. Bureau of Internal Revenue (BIR).

a. Letter of Request for Retirement/Closure of Business.

b. BIR Form 2303 or Certificate of Registration.

c. Books of Accounts.

d. Death Certificate.

e. List of ending inventory of goods, supplies, and other properties of the

business (e.g. Debit memos, Delivery Receipts, Purchase Orders, etc.).

f. Inventory of unused sales invoices and official receipts.

 g. Ask for Receipt Poster.

h. Latest ITR and Financial Statements for the three (3) preceding years of the
retirement date.

i. Duly accomplished BIR Form 1905.

j. Board Resolution/Notice of Dissolution for Corporations and Partnerships.

k. City Hall Certificate of Closure Indicating Date of Closure.

l. Latest Authority to print issued and Form 0605 (Annual Registration).

4. Department of Trade and Industry (DTI).

a. Letter of Request for Cancellation of Business Name.

b. Affidavit of the Cancellation of the Registered Business Name.

c. Original copies of the business name certificate of registration.

d. Affidavit of Loss of BN Certificate or Certificate of Registration, if applicable.

e. Certified photocopy of the SEC certificate of dissolution of the

corporation/partnership.

5. Securities and Exchange Commission (SEC).

a. Director’s Certificate.

b. Articles of Incorporation.

c. Amended Articles of Incorporation (if any).

d. Articles of Partnership.

e. Audited Financial Statements (AFS).

f. BIR Tax Clearance Certificate.

g. Notarized Secretary’s Certificate.

h. Clearance from other government agencies (e.g. PEZA, BOI, BMBE etc.).

i. Publisher’s Affidavit of the Publication of Notice of Dissolution.

Step 3: Officially announce the closure of business to your stakeholders.

a. Employees.
b. Suppliers and Creditors.

c. Regulatory Agencies.

d. Shareholders and Business Partners.

e. Customers.

f. Other ways to announce the closure of your business.

Step 4: Submit requirements to appropriate government agencies to obtain the required

clearances.

a. Closing a Sole-Proprietorship/Freelance/Self-employed Professionals.

i. Notice of Closure to DOLE, SSS, PhilHealth, and Pag-IBIG.

ii. Application for Closure at your LGU – Barangay.

iii. Application for Closure at your LGU – City Hall.

iv. Application for Closure at BIR.

v. Application for Cancellation of Business Name at DTI.

b. Dissolution and Closure of a Corporation and a Partnership.

i. Notice of Closure to DOLE, SSS, PhilHealth, and Pag-IBIG.

ii. Application for Closure at your LGU – Barangay.

iii. Application for Closure at your LGU – City Hall.

iv. Application for Closure at BIR.

v. Application for Dissolution at SEC.

vi. Application for Cancellation of Business Name at DTI.