Sunday, June 25, 2023

Pwede na bang umpisahan ang Business matapos iparehistro ito sa Department of Trade and Industry (DTI)?

 


Ang sagot ko ay Oo.

SUBALIT, datapwat, pero;

Dapat pa rin ipareshisto ang business sa Bureau of Internal Revenue (BIR) sa loob ng 30 days upon issuance of DTI Certificate of Registation, at kumuha ng kaukulang Business permit to operate sa Local Government Unit (LGU) na sumasakop sa location ng business.

Importance of registering the business with DTI.

Under Republic Act (RA) 3883, it is illegal to use a business name without registering first with DTI. DTI Registration is a guarantee for any individual or person, the legal right to use specific business name for any kind of business. But bear in mind that DTI Registration is not a form like business permit to operate.

Business permit to operate is deferent from just having the privilege to use such name for the business.

Business name is important, because it must be the same name that will appear in business permits to be issued by LGU and official receipts authorized by the BIR for issuance to its customers or to anyone patronizing the business.

Therefore, not having the business name registration, the business can never be issued a business permit to operate and as such it can never be registered to the BIR to obtain the necessary receipts that are needed to legally recognize business transactions.

The basic registrations and permit needed to operate a business legally are as follows.

1.      DTI Registration for Sole proprietor it can be done online 

2.      SEC (Securities and Exchange Commission) to where business name for corporations and partnerships form of business has to register.

3.      Business permit to operate from LGU or local government unit

Depending on the type of business, there may be other government regulating agencies that require registration, accreditation and or License to Operate (LTO); for example, is a pharmacy or drugstore that requires LTO from Food and Drugs Administration (FDA) as per FDA Circular No. 2014-025.

May mga business talaga na pwede nang i-operate prior to registration and issuance of permit provided that the owner must secure the required registration and license to operate within the 30 days upon inception of the business to avoid penalties if caught operating without the required registration, accreditations and licenses to operate.

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