Checklist for New Corporations
Incorporating is just one step in
starting a new business. But there are other local requirements that
should be considered. The following is a list of things to do or
think about when starting a new corporation.
Establish a corporate banking
Contact the Bureau of Internal
Revenue (BIR) nearest you for information about obtaining a Tax
Identification Number (TIN) and Tax Schedules or visit
Check with the Department of Trade
and Industry (DTI) for business licensing to obtain any required
business licenses or permits or visit
Contact the Department of Labor
and Employment (DOLE) nearest you for information about
employees’ rights and compensation if you will have employees
and other information about Labor Standards or visit
Protect your trade name – seek
professional advice for information on trademarks and copyright
Order any required notices
(advertisements you have to place) of your intent to do business
in the community.
Check zoning laws.
Obtain barangay, town/city
business licenses or permits.
Get tax information such as
record-keeping requirements, guidelines for withholding taxes
(if you will have employees), information on hiring independent
contractors, facts on estimating taxes, forms of organization,
Have business cards and stationery
Get an email address.
Get your website set up.
For more information about
incorporation with the Securities and Exchange Commission (SEC)
You're invited to call us to discuss
your company's legal matters. We shall be glad to talk with you over
the telephone, or in our office or yours, whichever is easiest for
you. You can also e-mail us at
firstname.lastname@example.org and we shall get back to you
GUZMAN TAÑEDO & ACAIN
Mile Long Building 316