Professional Documents
Culture Documents
Overview
Entrepreneurs can identify more ideas and opportunities from the types of business available to
them in the community and the country at large. They should know the legal requirements needed for their
business and what kind of support they can get from the government regarding their business.
Objectives
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
1|Page- WEEK 5
Test Yourself
1. BIR: ___________________________________________________
2.SEC: ___________________________________________________
3.DTI: ___________________________________________________
4.SSS: ___________________________________________________
5.FDA: ___________________________________________________
6.CDA: ___________________________________________________
7.BFAD: __________________________________________________
8. DOST: __________________________________________________
9. BSMED: ________________________________________________
10. NEDA: _________________________________________________
11. DOLE: _________________________________________________
12. DA: ___________________________________________________
13. DAR: __________________________________________________
14. PEZA: _________________________________________________
15.TESDA: __________________________________________________
Discussion
There are several ways to classify enterprises according to size, forms and industry. The size of the
enterprise is based on its total assets or numbers of employees who work for it. In our country the
Department of Trade and Industry (DTI), through the Bureau of Small and Medium Enterprise Development
(BSMED), categorized them as Micro, Cottage Small, Medium, and Large Enterprises, for purposes of
rationalizing assistance and incentives to these business enterprises. To understand clearly on these
enterprises.
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
2|Page- WEEK 5
ACCORDING TO SIZE
NO. OF
TYPE ASSETS OTHER DETAILS/EXAMPLES
EMPLOYEES
Micro Enterprise Below Fewer than Homebased Enterprises, Self- Employed Food
P3,000,000 10 Vending, Selling in Public Markets
Small Enterprise P3,000,001- 10-49 Groceries, Bakeshops, Beauty Salons, Clinics,
P15,000,000 Jeepney and Toy Manufacturers, Travel Agencies
Medium Enterprise P15,000,001- 50-249 Retail trade, Construction,
P100,000,000 Professional, scientific and technical services
Large Enterprise More than 250 or more With High Formalized and Complex Systems
P100,000,000 Operated by Board of Directors Headed by the
Chief Executive Officer.
ACCORDING TO OWNERSHIP
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
3|Page- WEEK 5
knowledge, lack of stability
Partnership Association of two Check and balance Endangered by conflicts
or more persons maintained with 2 or of interests. Unlimited
acting as co- more owners. More liability, lack of
owners of a capital and credit. stability.
business.
(Registered to SEC)
Corporation An artificial being Shared risks and losses Complicated setting up
(SECRegistered) created through the among stakeholders, process, minor
law, with right of maximum flexibility for stockholders have limited
succession and the growth, limited liability, influence on management,
powers, attributes easy to source capital, with may have bureaucracy,
and properties assurance of 50 years of strictly regulated by the
expressly existence and is renewable. government
authorized by or
incident to its
existence.
ACCORDING TO INDUSTRY
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
4|Page- WEEK 5
Information and Communication- Financial Service Activities Including, Insurance, Reinsurance and
Pension Funding
Real Estate Activities- Acting as Lessors, Agents, Brokers for Real Estate Properties.
Professional Scientific and Technical Activities- Specialized Professional, Scientific, Technical Activities.
Administrative and Support Service Activities – Variety of Services That Support Business Operations
Arts, Entertainment, And Recreation- Cultural Entertainment and Recreational Interests for The
General Public.
Public Administration and Defense: Compulsory Social Security- Enactment and Judicial Interpretation
of Law and Their Pursuant Regulation.
Education- Education at Any Level for Any Profession.
Human Health and Social Work Activities- Provision of Health and Social Work Services from
Hospitals, Clinics, And Assistance from Social Workers.
Other Service Activities Includes Activities of Membership Organizations, The Repair of Computers and
Personal and Household Goods and A Variety of Personal Services Not Covered Elsewherein The
Classifications.
GOVERNMENT SUPPORT
• The Small and Medium Enterprises (SMES) are the lifeblood of the economy and without
entrepreneurs, managing these enterprises, there will be no additional production, innovation, and
contribution to economic social development.That’s why our government have various program to
support the needs of our entrepreneurs and how they can register their business in various
government agencies.
• DTI reports show that small enterprise promotion and development has attained the status of a
national movement participated in by more than 5 government agencies, eventually resulting to
“small is beautiful campaigns.
• The Small and Medium Enterprises (SMES) development council was created in 1991 to integrate and
synchronize various efforts and assist in areas of finance, marketing, training and human resource
development, product development and technology assistance.
FINANCE
• Government banks like development bank of the Philippines, land bank of the Philippines, small
business corporation and other banks have agreed in 23 to simplify and standardize lending
procedures, lower interest rates and facilitate loan releases to enterprises under a unified
scheme called sulong.
• For micro-enterprises, countless micro finance institutions now proliferating throughout the
country are providing small but quick no-hassle loans that require no collateral as an alternative
to “five-six” lenders which are actually loan sharks.
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
5|Page- WEEK 5
1. Center For International Trade Expositions and Missions (CITEM)- provides exposure in local and
international trade fairs, counter trading partners and other trade events.
2. Bureau of Domestic Trade- domestic trade databases, local suppliers
3. Bureau of Export Trade Promotion (BETP) And Bureau of International Trade Relations (BITR) –
provision of export trade database
4. Cottage Industry Technology Center (CITC) and Technical Education and Skills Development
Authority (TESDA)- skills and other production training
5. Philippine Trade Training Center– export marketing training
LEGAL REQUIREMENTS
• A new enterprise should be registered in various government agencies. The complexity of
registration varies according to the legal form of the business.
• Registering with the Department of Trade and Industry (DTI)
• If you are a single proprietor and your business is using a name other than your true name, it
must be registered with the DTI to ensure that no other entity would use your name elsewhere
in the Philippines.
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
6|Page- WEEK 5
o Registration data sheet
o Clearance from other government agencies
o Resolution of the board of trustees that the corporation will comply with SEC requirements for
non-stock corporations.
o List of members certified by the secretary and undertaking to submit list of additional
members to sec from time to time for non-stock corporations.
o List of contributors and their corresponding contributions certified by treasurer for non-stock
corporations
Required documents for applicant corporation (stock [s] and non-stock [ns] ) and partnership [p] are
as follows:
o Registration data sheet
o Clearance from other government agencies
o Resolution of the board of trustees that the corporation will comply with SEC requirements for
non-stock corporations.
o List of members certified by the secretary and undertaking to submit list of additional
members to sec from time to time for non-stock corporations.
o List of contributors and their corresponding contributions certified by treasurer for non-stock
corporations
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
7|Page- WEEK 5
Securing a mayor’s permit
Submitting certificate of business registration from DTI
Submitting articles of incorporation or partnership.
Securing community tax certificate
Securing authority to print books of account, invoices, receipts and other accounting
records by filling up four copies of an application form.
Registering book of accounts, invoices and receipts
REGISTERING WITH THE DEPARTMENT OF LABOR AND EMPLOYMENT
• Business establishments with one or more employees are required to register with the dole, which
monitors compliance with labor laws.
• Registrations are administered by the bureau of local employment. Registration consists of securing
and filling up a registration form.
Directions: Respond to this question comprehensively. Search in the internet and respond to the following
questions. Write your answers on a separate sheet of paper.
1. Make a flow chart of the steps or process for the application of a business permit in a local
government. (10 pts.)
2. List down all the requirements for a business permit. (2 pts each)
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
8|Page- WEEK 5
References
Fundamentals of Accountancy, Business, and Management 1 – Author Flocer Ong Entrepreneurship – Author:
Divina M. Edralin
Emerson A. Arcullo
Henny L. Delfin
Disclaimer: This module is adapted and modified from the source materials listed in the references list. This is an
exclusive property of Philippine Christian University-Dasmariñas SHS and is provided only to enrolled students for
their academic use. This module is provided for free by the school through softcopy and/or printed media.
Reproduction of this module without official permission is prohibited.
9|Page- WEEK 5