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  • ENTREP Business Implementation

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    SUASE GEMMALYN
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    The document outlines guidelines for successful business implementation in the Philippines, including registering with key government agencies like the SEC, DTI, mayor's office, and BIR. It also discusses setting up an accounting system, advertising the business, keeping good business records for planning, legal requirements, and measuring performance. Developing a systematic record keeping process allows businesses to work efficiently, meet tax obligations, track profits, protect rights, and manage risks.

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    ENTREP-Business-Implementation

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    The document outlines guidelines for successful business implementation in the Philippines, including registering with key government agencies like the SEC, DTI, mayor's office, and BIR. It also discusses setting up an accounting system, advertising the business, keeping good business records for planning, legal requirements, and measuring performance. Developing a systematic record keeping process allows businesses to work efficiently, meet tax obligations, track profits, protect rights, and manage risks.

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    8 views1 page

    ENTREP Business Implementation

    Uploaded by

    SUASE GEMMALYN
    The document outlines guidelines for successful business implementation in the Philippines, including registering with key government agencies like the SEC, DTI, mayor's office, and BIR. It also discusses setting up an accounting system, advertising the business, keeping good business records for planning, legal requirements, and measuring performance. Developing a systematic record keeping process allows businesses to work efficiently, meet tax obligations, track profits, protect rights, and manage risks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    BUSINESS IMPLEMENTATION

    Guidelines for Successful Business Implementation SSS, Phil Health, and Pag-ibig Fund Registration

    Objectives - For registrating yourself or your company as a


    employer and for remitting your employees
    - the entrepreneurship should have a clear idea on
    contribution together with your employer’s
    what is his purpose of putting up his enterprise.
    share
    Task

    - this means that the entrepreneur must know what


    Others steps to follow before operating a business are
    are the tasks he has to perform in order to realize
    as follows:
    his objectives.

    Time Allocation
    Set up an accounting system or hire an accountant
    - this means that the entrepreneur should have a
    time table or a schedule to follow for every task so - Knowing how the business is doing financially is
    that the tasks will be accomplished timely and he important for planning and survival.
    can realize his objectives.
    Advertise the business
    Progress
    - No one will buy the products or revise if
    - this means the entrepreneur should monitor the customers do not know that the company exist ,
    development of the tasks and the accomplishment you can make use of the social media.
    of the objectives.
    Keeping Business Records
    Basic requirement to start business in the Philippines
    Good records keeping can help protect the business
    measure the performance and maximize profit.
    Securities and Exchange Commission (SEC) Registration
    Records are the source documents, both physical and
    - For partnership or corporation electronic, that specify transaction dates and accounts,
    Department of Trade and Industry (DTI) legal agreements and private customer and business
    details.
    - For your business trade name

    Mayor’s Business Permit Developing a system to log, store and dispose of records
    can benefits the business. A systematic recording allows
    - For getting the license to operate in the city or you to.
    municipality and payment of your local business
    taxes
    A. Plan and work more efficiently
    Bureau of Internal Revenue (BIR) Registration B. Meet legal and tax requirements
    C. Measure profit and performance
    - For getting TIN , official receipts and invoices,
    D. Protect your right; and
    registering your books of accounts and paying your
    E. Manage potential risks
    normal internal revenue taxes.

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