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START-UP OPERATIONS,
GETTING STARTED IN THE
BUSINESS
Introduction
Board of Investment (BOI) Registration of business under BOI Building, Makati Avenue
the Omnibus Investment code Makati City
(the business organization must
first register either with DTI Or
SEC)
Intellectual Property Office (IPO) Regulation of trade names DTI Building, Makati Avenue
Registration of Invention corner Sen. Gil Puyat Avenue
Trademarks, Trade Names, Makati City (or through Regional
Patents Provincial branches of DTI)
Department of Labor and Implementation of labor laws Dole Building, Juan Luna St,
Employment (DOLE) Intramuros, Manila
Department of Environment and Implementation of forestry and DENR building, Visayas Avenue
Natural Resources (DENR) environmental laws (e,g., Diliman, Quezon City
environment clearance permits
concessions)
Department of Education Regulation and Implementation DECS complex, University of Life
Culture and Sports secondary education Sector laws/orders or elementary/Ortigas
(DECS) Center, Pasig City
OPEN LAUNCH
AND START THE
BUSINESS
Choices of Business Name
Business name refers to the registered business identity (or name) of the business
organization. The business name may or may not reflect the nature business of the
business itself. As a matter of practice, the business name is usually represented by an
acronym representing a shortcut version of a long business name, and this is done for
retail advantage.
For a single proprietorship type of business organization, this can be verified either with
the DTI OR SEC. Prospective entrepreneurs have to file verification and reservation slips
for the business name or the corporate name of the business organization that will be
registered. In the case of Partnership or corporation, choosing a name could be a
beginning of debates or conflicts as incorporator or investor has his or her own
preference- and this can be resolved among themselves before a final choice can be
made and verified or reserved with the records division of SEC. A Corporate name that
is considered on reserved status with the SEC has 30 days to file the registration
papers after which, the reservation lapses and the corporate name can be issued or
reserved by the SEC records office for someone else.
Money Saving Options and Start UP
Starting on a shoestring budget is common to every entrepreneur venturing into a new
business. Hence, it is a must that all options to save money must be explored to the
fullest. The following should be of great help.
■ Application form
■ The interview
■ Written tests
■ Practical tests
■ Reference checks
■ Medical examination
Training Personnel
Once you have hired a person for
employment, you may still need to train
him. You must not overlook the importance
of training. You cannot expect even an
experienced worker to do a job exactly they
way they want it done.