Types of Business Ownership: Partnership

Partnership is a form of business where two or more people share ______ and responsibility for a company.

Business partners receive ______ and are liable for debts based on the terms of a partnership agreement.

A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate ______.

Foreign ownership of up to ______% is allowed in both Partnership and Corporation types of ownership.

Legal Requirements: Register the business or business name with the corresponding department or ______.

Register with the ______ to ensure compliance with tax regulations.

The ______ is the legal name under which your business is registered for taxes and official government purposes.

A ______ is a name given by the maker to a product or range of products, which can be a copyright, trademarks, patents, and trade secrets.

For a sole proprietorship, the business must be registered with the ______.

The validity of a sole proprietorship registration is ______ years.

For a partnership, the business must be registered with the ______.

The ______ is the legal name that your business filed with your state when you set up your LLC, corporation or other business structure.

Form 1901 is for people who are self-employed, single proprietors, or professionals. Form 1903 is for ______ and corporations.

Sole Proprietorship should accomplish BIR Form 1901 and submit the same together with the required supporting documents to the Regional District Office (RDO) of your business ______.

Requirements for BIR Certificate of Registration include DTI Certificate of Registration, Barangay Business Clearance, Business/Mayor’s Permit, Land Title (if owned) or Contract of Lease (if leased), and Government-issued identification such as Passport, Driver’s License, Birth Certificate, etc. BIR Form ______.

Partnership and Corporation should accomplish BIR Form 1903 and submit the same together with the required supporting documents to the Revenue District Office (RDO) that has jurisdiction over the location of your ______.

Existing questions. Do NOT ask these: Register with the Bureau of Internal Revenue (BIR) to ensure compliance with tax ______.

Partnerships in the Philippines are governed by and covered under Articles 1767 to 1867 of the Civil Code of the Philippines (circa 1950). Partnerships are required to be registered with the Securities and Exchange Commission (SEC). Registration is done by filing the Articles of Partnership with the SEC. The Articles of Partnership set forth all the terms and conditions mutually agreed by the partners thereto. Validity (No limit). Requirements for SEC Registration: Name Verification Slip Articles of Partnership Written Undertaking to Change Corporate Name Registration Data Sheet Clearance from other Government Agencies Requirements for Foreign Partnership: Form F-105 Proof of Inward Remittance by Foreign Partners Register the Business Article of Partnership Form Form F-105 Certificate of Business Name Registration - SEC Register the Business Corporation Must be registered with the Securities and Exchange Commission (SEC). Validity is 50 years.

Partnerships in the Philippines are governed by and covered under Articles 1767 to 1867 of the Civil Code of the Philippines (circa 1950). Partnerships are required to be registered with the Securities and Exchange Commission (SEC). Registration is done by filing the ______ with the SEC.

Partnerships in the Philippines are governed by and covered under Articles 1767 to 1867 of the Civil Code of the Philippines (circa 1950). Partnerships are required to be registered with the Securities and Exchange Commission (SEC). Registration is done by filing the Articles of Partnership with the SEC. The Articles of Partnership set forth all the terms and conditions mutually agreed by the partners thereto. Validity (No limit). Requirements for SEC Registration: Name Verification Slip Articles of Partnership Written Undertaking to Change Corporate Name Registration Data Sheet Clearance from other Government Agencies Requirements for Foreign Partnership: Form F-105 Proof of Inward Remittance by Foreign Partners Register the Business Article of Partnership Form Form F-105 Certificate of Business Name Registration - SEC Register the Business Corporation Must be registered with the Securities and Exchange Commission (SEC). Validity is ______ years.

Partnerships in the Philippines are governed by and covered under Articles 1767 to 1867 of the Civil Code of the Philippines (circa 1950). Partnerships are required to be registered with the Securities and Exchange Commission (SEC). Registration is done by filing the Articles of Partnership with the SEC. The ______ set forth all the terms and conditions mutually agreed by the partners thereto.

Requirements for SEC Registration: Name Verification Slip Articles of Partnership Written Undertaking to Change Corporate Name Registration Data Sheet Clearance from other Government Agencies Requirements for Foreign Partnership: ______ Proof of Inward Remittance by Foreign Partners Register the Business Article of Partnership Form Form F-105 Certificate of Business Name Registration - SEC Register the Business Corporation Must be registered with the Securities and Exchange Commission (SEC).

Requirements for SEC Registration: Name Verification Slip Articles of Partnership Written Undertaking to Change Corporate Name Registration Data Sheet Clearance from other Government Agencies Requirements for Foreign Partnership: Form F-105 Proof of Inward Remittance by Foreign Partners Register the Business Article of Partnership Form Form F-105 Certificate of Business Name Registration - SEC Register the Business Corporation Must be registered with the Securities and Exchange Commission (SEC). Validity is ______ years.

After obtaining the necessary documents and permits, register the business with the Bureau of Internal Revenue (BIR). Business owners need to get a Taxpayer Identification Number (TIN) from the Revenue District Office (RDO) within the registered location of the ______.

As the taxing authority in the Philippines, the BIR regulates finance, taxation, and monetary policy in the country and collects internal revenue taxes, fees, and charges. It also enforces all forfeitures, penalties, and fines to individuals/organizations that fail to file their ______.

There are two kinds of BIR forms you can fill out depending on the type of ______ you’re starting.

Register the Business Community Tax Certificate (Cedula) Barangay Business Clearance Building Permit Register the Business Certificate of Occupancy Fire Safety Inspection Certificate Electrical Inspection Certificate Register the Business Zoning Clearance Sanitary Permit Environmental Permit Register the Business Land Title Public Liability Insurance Certificate Business/Mayor’s Permit REGISTER WITH THE BUREAU OF INTERNAL REVENUE (BIR) Register with the Bureau of Internal Revenue (BIR) is a list of requirements for ______ a business.

Business partners receive ______ and are liable for debts based on the terms of a partnership agreement.

Foreign ownership of up to ______% is allowed in both Partnership and Corporation types of ownership.