INTRODUCTION

In this time of New Normal, the needs for a nutritious food to the problems of the increasing
role of malnutrition.

PART III

A. Name Nature and Location of our Business

The name of the business is VEGGCHIPS, “VEGG” means Vegetables and Egg and combine with
the word “CHIPS” a snack food that is in the form of crisp, flat, and bite-sized unit. We chose this
name so that customers could quickly recognize the product of our business, which would also
be beneficial for our firm. Very appealing name that also has the power to persuade people to
buy it because chips are among the world's most delicious snacks, and it's fascinating to see a
chip made of a vegetable.

This business produce chips that is made out of ordinary vegetable leaves (KangKong,
Malunggay, and, Talbos ng Kamote) made yummier and crispier for everyone’s enjoyment.
Coated with egg and seasoned flour, these chips will make you want to eat more. Chips that is
budget friendly and will surely make you healthy.

The location of the business will be at Purok-2, Brgy. Pasig, Vivencio St. Daet, Camarines Norte
near Abaño Campus, Camarines Norte State College. This makes the students of CNSC the main
target customers of the VEGGCHIPS.
B. Legal Business Description

The form of business organization is partnership that is operation where two or more individuals
shares ownership, risks, management, profits and losses. Forming a partnership agreement is
crucial for the growth of any business venture, it designates the responsibilities and the rights of
each partner involved. Partnership manifests itself in different forms, ranging from business
owners cooperating to invest a project to share technical knowledge and ideas between firms.
Also, partnership will help the business in terms of maintaining the competitive advantage,
encourage understanding, cooperative working relationship, as well as contractual relationship.
(https.://www/upcounsel.com/purpo……)
C. Licensing and other Requirements

To operate the business many legal documents and requirements are needed.

The following are the list of government requirements which every legal business establishment
must have.

 Barangay Clearance
 Sanitary Permit
 Licensing from Bureau of Internal Revenue (BIR)
 Registration from Security and Exchange Commission (SEC)
 Certificate of Occupancy
 Community Tax Certificate or CEDULA
 Locational Clearance
D. List of the Proponents

The proponents of the business VEGGCHIPS are as follows:

Clarence A. Balmeo

Mark Joseph Sacriz

John Paul Mhel Abogado

Kimberly Umbao

Stephene Garcia

Aira Caroline Vitalicio

Denzel Anne Zaldivar

Vanessa Joy Avecilla