OPENING A BUSINESS IS A

LOT OF WORK, YOU HAVE

TO COMPLY WITH ALL THE
REQUIREMENTS TO START.
HERE’S HOW YOU GO
ABOUT IT.
1. CHOOSE WHAT FORM OF BUSINESS
YOU WILL GO INTO.
A. SOLE PROPRIETORSHIP
B. PARTNERSHIP
C. CORPORATION
SOLE PROPRIETORSHIP
A sole proprietorship is a non-
registered, unincorporated business
run solely by one individual proprietor
with no distinction between the
business and the owner. The owner of
a sole proprietorship is entitled to all
profits but is also responsible for the
business's debts, losses, and
liabilities.
 PARTNERSHIP
A partnership involves two or more people who
combine resources for the business and share
profits and losses. A corporation is considered to
be a separate legal entity from its shareholders. For
tax purposes a corporation is a “Person”.
 CORPORATION
A corporation is a legal entity that is
separate and distinct from its owners.
Under the law, corporations possess
many of the same rights and
responsibilities as individuals. They can
enter contracts, loan and borrow money,
sue and be sued, hire employees, own
assets, and pay taxes.
2. DETERMINE WHAT TYPE OF BUSINESS
YOU MAY VENTURE INTO.

A. Franchising
B. Startup
 FRANCHISING
Franchising is an agreement between
the franchisor and the franchisee. The
franchisor sets the terms of the franchise
contract which the franchisee has to
follow.The franchise is a privilege to do
business granted by the franchisor to the
franchisee.
 STARTUP
Startup is creating a business from scratch,the
term startup refers to a company in the first stages
of operations. Startups are founded by one or more
entrepreneurs who want to develop a product or
service for which they believe there is demand.
 3. BUY-OUT
It is acquiring an existing business from scratch.
An investor to have a business with a quick start-up
time would not start from scratch. For a quick start,
one opts to buy out somebodyIt is acquiring an
existing business from scratch. An investor wishing
to have a business with a quick start-up time would
not start from scratch. For a quick start, one opts to
buy out somebody’s business.
 In the Philippines, the Department of Trade and Industry (DTI)administers
Business name application Forms for sole proprietors (BTRCP Form No. 18a). Online registration of
enterprises may be done through the Business Name Registration System. For food establishments, petition
for barangay permits,and the prerequisite information sheets and licenses to operate are being issued by
the Bureau of Food and Drug under the Department of Health.
The DTI administers R.A. 10644, otherwise known as the Go Negosyo Act
R.A.10644 seeks to strengthen micro, small, and medium enterprises (MSMEs)to create job opportunities in
the Philippines.
The Go Negosyo Act establishes MSME or Business Assistance Centers, also called Negosyo Centers in
collaboration with local government
units(LGUs) and other agencies.

The value of the enterprises that may avail of the Negosyo Centers are
tthe following:
▪ Micro- not more than Php3,000,000.00
▪ Small- Php3,000,001-Php15,000,000.00
▪ Medium-Php15,000,001-100,000,000
THANK YOU
SO MUCH
BY:YESHEN MARQUEZ & JOHNHARRY SARABIA