Just a reminder: All business will need the 3: 1. Name registration (DTI/SEC) 2. Business Registration (City Hall) 3. BIR Registration (BIR) You can register as a professional (No need name registration) but still BUSN PERMIT + BIR. Even if your clients are foreigners, even for micro/small businesses. “DTI Registered” is not considered a legally registered business as it only takes 5 mins to get DTI online.
when i was 16 years old i subscribed to you and had nothing in mind i dont really understand that much because i have nothing to do with business before...but i knew that your videos are very educational... now that I am 20 I now understand you more clearly and I'm so glad that you are here ♥️
I'd really be honest as one of your audiences, the feels of watching your vids are like chatting to a friend who had lots of useful tips in mind & like listening to my econ prof wayback college in one. Hihi More power to you channel Ms. Charm!✨
Wow, thank you, Jen! I actually started my channel because I keep talking to my friends about these and they suggested to make a video so I can just send a link next time 😂
The frequent problem that frustrates investors in name registration is that they would only know of the BIR requirement when they have to pay P20,000 + interest + penalty + surcharges accompanied by BIR notices as if the investors are criminals. The investors would rather go to Vietnam, Thailand or Malaysia.
Zachary Aldave yes! A lot of people do. What you can do if you’ve made that mistake is just to get another DTI Certificate (with a slightly different name 😂), but it would still be an expense haha
@@CharmdeLeon hello mam kumuha po kami ng dti nung opening namin and hindi po namin naasikaso agad yung bir/mayors permit, and if magpapalit po kami ng name magkano po aabutin ng penalty 3months napo kami nag ooperate now po lang po kami nakaipon ng pagkuha ng mayors permit
@@CharmdeLeon In the US, we have the IRS. You can applied to get a Employer Identification Number or EIN that's associated with your personal social security number. You would want to register the business a LLC with the state. Then you can applied for EIN. Once you have the LLC paper and EIN number. You can go to bank to open a checking account, credit cards in your business names. Then when you apply for affiliate offers or even google adsense, you would use your EIN or business name. So that way your name and private social number is not show to anyone. Thanks!
Thanks for the very informative video! Me and my two other buddies are about to start a business in the gadget/electronics industry. We are on our mid 30's pero ngayun palang kame mag aadulting haha! We'll watch your other vids as well.
Kapag generic name you cannot register sa IPO. Yun nga lang puwedeng gamitin ng kahit sino yung brand name. Like " Original Pares Mami House." Akala ko noon mga branches lang sila 🙂
Hi Ms. Charm! Hope you can do a separate video that focuses more on registering an Airbnb business specially now that it’s required to be DTI registered by April 😊
Hi Ms. Charm, Impressed and amazed about your video. First video that I saw from you, would just like to ask if you have a vlog for registering business specifically for a certain industry? Best Regards,
Just watched you vids, and i continue watching when i heard you said "Sugbo". I am amazed by that business, it makes me jealous that somebody did it already. Haha. Been to Cebu last year, always visited the Sugbo mercado. As always, its amazing. And youre gorgeous BTW. Im a fan!! Lahi rajud 🧡
Hi maam. I have a question po and sana mapansin. I am a civil engineer and I have a foreigner client po and gusto nya magtayo daw ako ng small company para sa services na ibibigay ko sa kanya (engineering work thru online). I have a 5 friends na bale magiging employees ng company ko..ano po ba klaseng business ang kukunin ko kung foreign ang source of income? gusto kasi ng client ko na legal and may benefits as usual kami rather than kukunin lng kami as freenlancers nya. Salamat po sana mapansin.
Thank you so much for this! Regarding the SEC Registration expenses, the 5k to 10k cost, is this determined by the calculator directly or not? What other costs should we expect aside from that which is determined by the calculator (which ofcourse is dependent on the declared capital)? Thank you!
Hi everyone I'm Agribusiness students, I recently learn this. Tips: If your not a Professional like doctor,engineer lawyer And planning to make small business like store and your asset is not above 3M , ask to Apply about BSME , Baranggay Micro business enterprise which you can have benefits like free from tax, your labor might have no minimum wage rule , make sure your labor is below 10 person. And some benefits for other government agency like training for technology , program seminar that might help for your business to made progress
This is awesome! Glad that I found this video! Quick questions, is it possible to operate the business first to save up funds for the permits? Would there be problems doing that? My business would be in the field of online services. Again, thank you for this quality video.
13:56 - Business Permit Is it 30 days after the DTI registration or (based on what I know ) 30 days that you need to get your business registered to BIR after getting a business permit. DTI name registration doesn't imply any assumption of you operating as a business entity regardless if you really are operating already or not. Business permit does. That is why after getting the business permit, you need to have your business be registered to BIR. Thus, in conclusion of the assumption that you are already operating after you've got your business permit. Can you clarify this? And how much is the penalty for getting a late business permit?
Thanks po for sharing.. very informative😊. Just a few queries Question: 1:for SEC registration(Corporation), can we use a personal bank account for the notarized bank certificate?coz we cant open a company acct without any permit yet 2: for BusPermit.. is the SSS registration for all incorporators 3: same as with TIN number? Thanks po
May I ask what are the requirements for foreign partnership? since my partner is a foreigner, what are the things he need to do first for our partnership? and for car rental business what is your recommended registration Your vids are so good
Hello! I hope you see my question and reply. As a sole prop business owner in the food industry, how would you go about expanding/branching out to different cities/municipalities? Would you need to register another sole prop for each branch you decide to open or would you just apply for Mayors, BIR etc permits for each location?
Thank you for this. I subscribed as well. Planning to watch more of your videos. For DTI, do I have to put in National if my business is online selling? since my market is domestic customers?
@@CharmdeLeon hi! I registered (very impulsively lol) for DTI as barangay lang. is that ok? Coz afaik, it doesn’t affect the distribution of products and only concerns where your “office” will be. Did I understand it correctly? 😭😭😭
I have already business plan and i believe that BP have a potential to grow pero naguguluhan ako sa business structure If i may ask, Anong dapat business structure po para sa errand running business?
I personally asked DTI Philippines regarding the penalties you mentioned. They said there are no penalties given to registered DTI businesses as long as there are no business activities done. The reason behind this is that Business name registration is not a license to run a business.
Hi, hope you can answer my question. How about kapag mag asawa po kami and then gusto namin same kami nakapangalan sa business namin, sa partnership po ba kami magreregister? Or considered na yun as sole proprietorship since married naman na kami? Help you can help us po kung paano po to hehe
paano po nag iissue ng receipt pag online seller ka? eh hindi naman kayo nag kikita nung buyer. so meaning to say kung nakabenta ako ng 100 pcs sa shopee in 1 day. irereceipt ko lahat yun ?
sobrang thank youuu po...napakahelpful para sa business plan namin dahil sobrang hilig manggisa ng teacher namin 😥 tanong lang po sana what about registering employees to SSS, Pag-IBIG, PhilHealth and DOLE po? should it be done after acquiring bir permit po? thank youuu pooo
Hi ma'am! Pag partnership po ba, yung company name yun na din yung business name? Pano po pag iba yung company name, tas let's say po iba din name ng itatayong restaurant, pwede po ba yun? Thank you po!
I registered a business name sa DTI last nov 2020. And lagpas na ng 30 days hindi pa ako nakapag register ng business permit and BIR. Pero hindi pa ko nagooperate and no sales at all. Mapepenalize pa rin ba ako for late registration? I
Hello Charm! Thank you very much for a very informative video. All are clear and very concise. I just want to ask if "cash registers" are necessary for a business. I am about to start my own business which is trading. Thanks!
What if ung business namin ay nabili po namin as franchise? Tapos po since wala kaming space sa mismong bahay namin at nagrerent po kami sa commercial space at for takeout orders lang po? Saan po namin iaaddress?
Hello, thank you for the very informative video. I would like to clarify regarding business name and brand name. Does it mean, 1 business name can have a lot of different brand names as long as it is registered in IPO? Like Bistro Group of companies with diff brand names or chains of resto such as itallianis, TGI fridays and etc.. I hope you can enlighten me more coz I have a food stall and would like to register it this year. Thank you so much 😊
Hi charm, thank you for the video. Very informative. May I just ask, I’m planning to open a business, a rental business like yours “sugbo merkado”, what will be the ideal business type to register. And maybe can I pick your brain more about that business. Thank you!
Ask ko lang po kung pwede na hindi ilagay yong complete business name sa shop po and then gamitin yong brand name po sa shop logo saka pwede po ba na hindi muna iregister yong brand name?
For a Dual Fil Am Natural born Pilipino How much would it cost to have a Working Corporation and a capitalization of $10,000,000.00 as a start up in the Philippines.
Hello Po mam, planning Po sana ako na I register tong small business ko na lights and sounds this November, ideal pa Po ba siya or January na Po? Sana ma-notice Po.
![3 Bookkeeping Business Fails You Gotta Stop! [Starting a Bookkeeping Business & Accounting Firm]](/img/1.gif)
Just a reminder:
All business will need the 3:
1. Name registration (DTI/SEC)
2. Business Registration (City Hall)
3. BIR Registration (BIR)
You can register as a professional (No need name registration) but still BUSN PERMIT + BIR. Even if your clients are foreigners, even for micro/small businesses.
“DTI Registered” is not considered a legally registered business as it only takes 5 mins to get DTI online.
I would like to ask if you have an idea on what are the requirements if you have foreign partnership for a cafē business?
Hello po mam pde po mag patulong s inyo
Dahil dyan mahal n po kita. Liligawan kita
Thanks for your information. Please I need to open a factory if you can send me your contact
Would you like to start a business in fishing with me?
when i was 16 years old i subscribed to you and had nothing in mind i dont really understand that much because i have nothing to do with business before...but i knew that your videos are very educational... now that I am 20 I now understand you more clearly and I'm so glad that you are here ♥️
I'd really be honest as one of your audiences, the feels of watching your vids are like chatting to a friend who had lots of useful tips in mind & like listening to my econ prof wayback college in one. Hihi
More power to you channel Ms. Charm!✨
Wow, thank you, Jen! I actually started my channel because I keep talking to my friends about these and they suggested to make a video so I can just send a link next time 😂
This video is very helpful specially for the foreigners who want to invest here in the Philippines kudos ❤️
very organized and detailed, thanks for making this video! Cheers and stay safe!
Thank you for this! So much information explained very well, you deserved a million subscribers.
This is amazing! Really helpful! Concise, brief, and simple
The frequent problem that frustrates investors in name registration is that they would only know of the BIR requirement when they have to pay P20,000 + interest + penalty + surcharges accompanied by BIR notices as if the investors are criminals. The investors would rather go to Vietnam, Thailand or Malaysia.
Very helpful! Hope you can also create a video with deep dive discussion for sole proprietorships that are involved in online selling :)
Thank you for this! Saved my ass from the penalties. Almost impulsively registered at DTI because of how easy it was.
Zachary Aldave yes! A lot of people do. What you can do if you’ve made that mistake is just to get another DTI Certificate (with a slightly different name 😂), but it would still be an expense haha
@@CharmdeLeon How much is the penalty?
@@CharmdeLeon hello mam kumuha po kami ng dti nung opening namin and hindi po namin naasikaso agad yung bir/mayors permit, and if magpapalit po kami ng name magkano po aabutin ng penalty 3months napo kami nag ooperate now po lang po kami nakaipon ng pagkuha ng mayors permit
1/3 palang sa video na answer na nimo akong business questions! 👏
Thank you ms. Charm. Big help. Planning to open a milk tea and snacks business this year and I really need to know about this.
How about the professional services maam charm
Thank you for this vid! Narefresh yung knowledge ko tungkol sa partnership and corp.
Bianca De Guzman para lang online class 😂
@@CharmdeLeon ay okay lang na online class yan, wag lang po talaga accounting 😂
This is such a helpful learning video. This wasn't elaborated in college, as far as I could remember.
Thanks Charm, avid fan here. Very imformative
Thank you so much! So helpful. I am so hyped up to be a sole proprietor and be a legal business owner
Glad it was helpful!
Love this video I wish there was a love button. Enjoyed this video very much 😁 great info for Philippines
JIM INCOME I’m curious how you do it there 🤔
@@CharmdeLeon In the US, we have the IRS. You can applied to get a Employer Identification Number or EIN that's associated with your personal social security number. You would want to register the business a LLC with the state. Then you can applied for EIN. Once you have the LLC paper and EIN number. You can go to bank to open a checking account, credit cards in your business names. Then when you apply for affiliate offers or even google adsense, you would use your EIN or business name. So that way your name and private social number is not show to anyone. Thanks!
Love your videos. Really informative. Thank you charm My goal is to finish watching all your videos. I'm binge watching it rn.
🤗🤗🤗
Thank you, Ms Charm! Its an informative video and you have clearly explained everything. God bless!
Makaamaze kaayo. Nice content , daghan ko nakat.onan until the end of vid. Salamat sa valuable info.
Salamat sad 😊 so glad na masabtan ra ako pag explain
Thanks for the very informative video! Me and my two other buddies are about to start a business in the gadget/electronics industry. We are on our mid 30's pero ngayun palang kame mag aadulting haha! We'll watch your other vids as well.
Thank you! 🙏🏻 haha sabay tayo mag navigate sa adulting world, never ending learning haha
Great! This is helpful for start up business owner like me! Thank you! Stay safe!
Thank you! I’m glad!!
@@CharmdeLeon ang lending po b maam pwede s partnership or s corporation cya dpat.. TIA GODBLESS..
Daghan salamat! Amping permi!😊 from Detroit, planning to go back home and open a tech biz in the Philippines. Originally from CDO 😊
Watch ko to later. Para may matutunan lang hehe
Kapag generic name you cannot register sa IPO. Yun nga lang puwedeng gamitin ng kahit sino yung brand name. Like " Original Pares Mami House." Akala ko noon mga branches lang sila 🙂
Hi Ms. Charm! Hope you can do a separate video that focuses more on registering an Airbnb business specially now that it’s required to be DTI registered by April 😊
waaaah. this is what ive been looking for. thank you for the information
This is really a big help for me. Thank you Ms. Charm.
WOW !!! AMAZING KAAYU ! Very informative . Klaro na klaro kaayu pagka explained. Akong brain cells ni gimok na . Hahahahaha
Hahaha salamat! 🙏🏻 🤗
@@CharmdeLeon God Bless you po hehehe .
So informative and well explained! I really learned a lot. Subscribed agad. Keep it up :)
Thanks for sharing your knowledge! This helps!
Thank you for the video :) I register my online business and they didn’t require me for Mayor’s Permit :)
AHHHHH ALWAYS A GOOD CONTENT!!
❤️❤️❤️
Hi Ms. Charm,
Impressed and amazed about your video. First video that I saw from you, would just like to ask if you have a vlog for registering business specifically for a certain industry?
Best Regards,
Will wait for the video regarding taxes!!thank you so mu much
very informative. waiting for you to discuss about tax liabilities of different business based on your actual experience. tysm ☺️
I was able to register my business. Thanks to you! I'm also from Cebu :)
Woohoo!!!
Thanks! Very helpful and well explained!
Just watched you vids, and i continue watching when i heard you said "Sugbo".
I am amazed by that business, it makes me jealous that somebody did it already. Haha.
Been to Cebu last year, always visited the Sugbo mercado. As always, its amazing.
And youre gorgeous BTW. Im a fan!! Lahi rajud 🧡
Thank you for your very detailed explanation, hoping too see more of this videos 😀
Taking some notes here while watching your video. Thank you.
Thank u this is very informative kagaya ko na mag-open pa lang.
Hi maam. I have a question po and sana mapansin. I am a civil engineer and I have a foreigner client po and gusto nya magtayo daw ako ng small company para sa services na ibibigay ko sa kanya (engineering work thru online). I have a 5 friends na bale magiging employees ng company ko..ano po ba klaseng business ang kukunin ko kung foreign ang source of income? gusto kasi ng client ko na legal and may benefits as usual kami rather than kukunin lng kami as freenlancers nya. Salamat po sana mapansin.
Thank you so much for this! Regarding the SEC Registration expenses, the 5k to 10k cost, is this determined by the calculator directly or not? What other costs should we expect aside from that which is determined by the calculator (which ofcourse is dependent on the declared capital)? Thank you!
Thank you! Dako kaayo ug tabang miss ☺️
Thank you! This video helps a lot. God bless!
Hi Charm, thanks for the information, well said. keep up the great work. Thanks
Hi everyone I'm Agribusiness students, I recently learn this.
Tips: If your not a Professional like doctor,engineer lawyer
And planning to make small business like store and your asset is not above 3M , ask to Apply about BSME , Baranggay Micro business enterprise which you can have benefits like free from tax, your labor might have no minimum wage rule , make sure your labor is below 10 person. And some benefits for other government agency like training for technology , program seminar that might help for your business to made progress
Do research about Baranggay Micro business enterprise guys, it help you for small business owner
Thanks mam charm very informative.maayung gabee cebu.🥰
Thank you. Huge help! I'm going to check your other videos.
thank you maam for this video.. lots of info, very clear and your so pretty as well.
Very informative! Thank you very much :)
Thank you for the very clear explanation.
Thanks this is very detailed explanation!
Thanks for this video! Jesus Loves you!
This is awesome! Glad that I found this video! Quick questions, is it possible to operate the business first to save up funds for the permits? Would there be problems doing that? My business would be in the field of online services. Again, thank you for this quality video.
Very informative video. Thank you Maam
13:56 - Business Permit
Is it 30 days after the DTI registration or (based on what I know ) 30 days that you need to get your business registered to BIR after getting a business permit.
DTI name registration doesn't imply any assumption of you operating as a business entity regardless if you really are operating already or not.
Business permit does. That is why after getting the business permit, you need to have your business be registered to BIR. Thus, in conclusion of the assumption that you are already operating after you've got your business permit.
Can you clarify this? And how much is the penalty for getting a late business permit?
Hi! Did you find out the answer to this?
Ang galing at ang talino ng batang ito.
Thanks po for sharing.. very informative😊. Just a few queries
Question: 1:for SEC registration(Corporation), can we use a personal bank account for the notarized bank certificate?coz we cant open a company acct without any permit yet 2: for BusPermit.. is the SSS registration for all incorporators 3: same as with TIN number? Thanks po
1. Yes you can
2-3. Yes for all incorporators.
Thank you so much 😊
Never skip ads 🤑
David Delfin 😂 thank you!
cash receipt, cash disbursement, general ledger, general journal
May I ask what are the requirements for foreign partnership? since my partner is a foreigner, what are the things he need to do first for our partnership? and for car rental business what is your recommended registration
Your vids are so good
What if I initially registered as a role proprietorship then the business expanded,.... can it be change to a partnership or corporate?
Yes you can but you would have to dissolve the sole prop and apply again for all 3 agencies
Salute to you... Nice and explained very well...
Hello! I hope you see my question and reply. As a sole prop business owner in the food industry, how would you go about expanding/branching out to different cities/municipalities? Would you need to register another sole prop for each branch you decide to open or would you just apply for Mayors, BIR etc permits for each location?
Thank you for this. I subscribed as well. Planning to watch more of your videos.
For DTI, do I have to put in National if my business is online selling? since my market is domestic customers?
Yes ☺️
@@CharmdeLeon hi! I registered (very impulsively lol) for DTI as barangay lang. is that ok? Coz afaik, it doesn’t affect the distribution of products and only concerns where your “office” will be. Did I understand it correctly? 😭😭😭
I have already business plan and i believe that BP have a potential to grow pero naguguluhan ako sa business structure If i may ask, Anong dapat business structure po para sa errand running business?
Thank you soooo much! This is a very helpful video! 😊
Thank you!
Thank you for this excellent video!
I personally asked DTI Philippines regarding the penalties you mentioned. They said there are no penalties given to registered DTI businesses as long as there are no business activities done. The reason behind this is that Business name registration is not a license to run a business.
The penalty is not with DTI but with BIR/City Hall
This is very Informative😊.
whooaaat? kamukha mo yung sa Start-up na si Stephanie HAHA lol
Hi, hope you can answer my question. How about kapag mag asawa po kami and then gusto namin same kami nakapangalan sa business namin, sa partnership po ba kami magreregister? Or considered na yun as sole proprietorship since married naman na kami? Help you can help us po kung paano po to hehe
Nice content. mam ask ko lang po, paano po e register and website sa atin as business?
You can be an accounting reviewer. Nice video
paano po nag iissue ng receipt pag online seller ka? eh hindi naman kayo nag kikita nung buyer. so meaning to say kung nakabenta ako ng 100 pcs sa shopee in 1 day. irereceipt ko lahat yun ?
Hello po, may idea po kayo how to start a family-owned corporation? And mas maganda po ba maghire kami ng mag-aassist samin? Thank you.
thank you, very informative ☺️
sobrang thank youuu po...napakahelpful para sa business plan namin dahil sobrang hilig manggisa ng teacher namin 😥
tanong lang po sana what about registering employees to SSS, Pag-IBIG, PhilHealth and DOLE po? should it be done after acquiring bir permit po? thank youuu pooo
Yes, after you are fully registered already because they will need your BIR permits.
how bout opc? and hm gagastusin... who can u recommend n accountant??
thank u for sharing po! very helpful!
Hi ma'am! Pag partnership po ba, yung company name yun na din yung business name? Pano po pag iba yung company name, tas let's say po iba din name ng itatayong restaurant, pwede po ba yun? Thank you po!
I registered a business name sa DTI last nov 2020. And lagpas na ng 30 days hindi pa ako nakapag register ng business permit and BIR. Pero hindi pa ko nagooperate and no sales at all. Mapepenalize pa rin ba ako for late registration? I
Yaaaay new video
Mariewannaaa ☺️🤗
Hello Charm! Thank you very much for a very informative video. All are clear and very concise. I just want to ask if "cash registers" are necessary for a business. I am about to start my own business which is trading. Thanks!
It’s not necessary esp for businesses with fewer daily transactions
Love your content. Very thorough.
Meat proccess product,5K lang ang puhunan ko,tapos mas malaki ang gastos sa Business permits,paano pa ako makakapag-business nito?
What if ung business namin ay nabili po namin as franchise? Tapos po since wala kaming space sa mismong bahay namin at nagrerent po kami sa commercial space at for takeout orders lang po? Saan po namin iaaddress?
Hello, thank you for the very informative video.
I would like to clarify regarding business name and brand name.
Does it mean, 1 business name can have a lot of different brand names as long as it is registered in IPO? Like Bistro Group of companies with diff brand names or chains of resto such as itallianis, TGI fridays and etc..
I hope you can enlighten me more coz I have a food stall and would like to register it this year. Thank you so much 😊
Hi charm, thank you for the video. Very informative. May I just ask, I’m planning to open a business, a rental business like yours “sugbo merkado”, what will be the ideal business type to register. And maybe can I pick your brain more about that business. Thank you!
Thankyou so much mam for the information ❤️
ang ganda ni madam naintindihan ko lahat ng english
Very informative! I just have a question, do you know if it is possible to change from partnership to corporation?
Yes you can but it can be tedious and have to close down the partnership first and open a corporation
So informative! Thanks for sharing :)
firecrackerfrance welcome, France! Does it work the same there?
@@CharmdeLeon i'm actually not 100% sure because i know NOTHING about starting/registering for a business haha i still have a lot to learn
Ask ko lang po kung pwede na hindi ilagay yong complete business name sa shop po and then gamitin yong brand name po sa shop logo saka pwede po ba na hindi muna iregister yong brand name?
For a Dual Fil Am Natural born Pilipino How much would it cost to have a Working Corporation and a capitalization of $10,000,000.00 as a start up in the Philippines.
Hello Po mam, planning Po sana ako na I register tong small business ko na lights and sounds this November, ideal pa Po ba siya or January na Po? Sana ma-notice Po.
Thank you. It is very informative
Gandang gabei po. Sau maam salamat po sa content na to. 👍