I have finally have a legal business. I actually had it since May of this year. This is one of my goals for 2013. I have had businesses before, but this is my first sole prop business (I am part of corporations and had a partnership business before).
A lot of mompreneurs get stuck in this stage. We all want to put up our own businesses but we all think that it is such a hassle to go through the registration process with the government’s different departments. Well, the basic steps are…
1) Go to DTI or SEC. In my case, since it’s a single proprietorship, I went to DTI. You can read all about the steps that I underwent when I applied for certification.
Opening a Sole Proprietorship Business: DTI Process
2) Go to your municipal hall. This has to be the municipal hall of your place of business. I registered with the Taguig local government. You can read all about it here: Opening a Sole Proprietorship Business In Taguig: Municipal Hall Process
3) And the last step was to go to your BIR RDO. Remember that your personal TIN should be transferred to the RDO of your place of business. There are forms that you have to fill out (ex. 1901 Application for Registration, etc.) and fees that you have to pay. After submitting all of the requirements, you have to remember all of your deadlines for reports. I have attached this guide from our RDO. Deadlines of the BIR are all the same anyway. I hope this helps you.
I’m excited for The WAHMeo Series: Brand and Build Your Online Biz! In this workshop, Business Registration and Taxes will be discussed by Fitz Villafuerte. Fitz Gerard Villafuerte is a civil engineer who decided to quit the corporate world back in 2003 to pursue entrepreneurship. Aside from running several traditional businesses, he also owns and manages an online store called Blogger Shirts (www.bloggershirts.com) and a microjob marketplace called 199Jobs (www.199jobs.com). His blog, entitled Ready To Be Rich (www.fitzvillafuerte.com), is currently the Best Business and Finance Blog in the country as recognized by the Philippine Blog Awards.
If you have questions on the process, this is a good workshop to attend and clear your mind of all these concerns. Aside from the business registration aspect, you will learn a lot from the different speakers about putting up your own business. Your truly will talk about creating business plans. If you are interested, here are the details.
To sign up, just click on the poster and it will take you to the registration page.
I hope this post helps you become more confident in starting your own business!