MODULE Chapter Notes -Sole Proprietorship, Government Operations
Document Summary
Starting a business is a dream that many filipinos share, may it be micro, small, medium or large. Having a great business idea, you should officially start your own business and operate legally. Here are some pointers to guide you on your journey of officially owning one. Determine what type of business entity to set up. There are three main types of businesses in the philippines: sole proprietorship is the most basic type of business organization in the. A sole proprietorship is owned and managed by a single individual, the sole proprietor. Corporations are given the same rights that individuals by the philippine government, as an artificial person. Register business name with department of trade and industry or securities and. Come up as many names as you can. Dti will not allow two similar names to operate. Search names at dti"s website if there"s an existing name.
