How to register a corporation in the Philippines (SEC)

So you have already decided to register a corporation? If you’re not yet sure, then you might need to read our article about the advantages and disadvantages of forming a corporation over sole proprietorship and partnership. But if you have already finalized your decision and you believe it is best to incorporate your business, you need to follow the following basic steps in registering a corporation with the Philippines (SEC) Securities and Exchange Commission.

1. Verify and reserve your Corporate Name

If you already got the perfect name for your business to be incorporated, you need to verify it immediately and have it reserved before others take it. You can verify the availability of your proposed name and reserve it online at the SEC-iRegister website, a quick, affordable, and user friendly service that is available to the public 24 hours a day, 7 days a week. There, you need to register and have your username and password to be able to log in. Once logged in, you can verify your desired name if it’s still available. If it’s still available, you can pay the reservation pay and get a Name Verification Slip. The slip is submitted together with the other requirements. Read more

How to register thy business in the Philippines

How to start and register your business in the Philippines? You maybe landed on this page in search for the answer of that question. Having a business that earns substantial profit is a dream for everyone. On the other hand, having a legitimate business that shares income with the government is a noble one. There are four common forms of business in the Philippines. They are sole proprietorship, partnership, corporation and cooperative. Each form of ownership may have a different process of registration. The following are the government agencies that you must deal with to legitimize your ideal business. Read more