PARTNERSHIP
Reporter:
Jaynelyn A. Marquez
ADVANTAGE
SOrganize
A. Easy to
B. Availability of more capital and
credit
C. Retention of Profits
D. Better business skills and
knowledge
DISADVANTAGE
S
A. Unlimited Liability
B. Lack of stability
C. Management Disagreement
CORPORATIO
A corporation is a legal entity created by law with
specific rights andNattributes. It exists
independently of its owners and has the right of
succession. U.S. Chief Justice John Marshall
described it in 1819 as an "artificial being,
invisible, intangible, and existing only in
contemplation of the law.“
Stock are shares/certificate of ownership of a
corporation. The owners of stocks are called
stockholders/shareholders.
2 TYPES OF
1. Private /CORPORATION
Close Corporation
~is a business owned by a small group, with
restricted share transfers and no public
trading
2. Open Corporation
~is a publicly traded company with shares
available for purchase by anyone.
ADVANTA
GES
A. Limited Liability
B. Ease in raising capital
C. Stability of existence
D. Specialized
Management
DISADVANTAG
A. Difficult to recognize
ES
-The Legal requirements include the following :
I. Submission of articles of incorporation and by
laws to Securities and Exchange Commission ;
II. Registration with Social Security System, Bureau
of Internal Revenue and Department Of Labor and
Employment ;
III. Acquisition of a business permit from the
city/municipality hall; and
IV. License from the Department of Trade and
Industry
B. Strictly regulated and supervised by the
government
C. Formal and Impersonal Employer-Employee
COOPERATI
VE
• A cooperative is a registered group of
individuals with a common interest who
voluntarily unite to achieve a lawful socio-
economic goal through shared capital and
cooperation, which include the following :
A. Open Voluntary Membership
B. Democratic Control
C. Limited Interest on Capital
D. Division of net surplus
E. Cooperation Education
F. Cooperation with other
cooperatives
GOVERNMENT AGENCY FOR BUSINESS
AGENCIES REGISTRAION
SOURCE REGISTRATION
Municipal or City Hall Place where you will set up Business Permit
your business
Barangay Halls Place where you will set up Business Clearance
your business
Bureau of Internal Revenue www.bir.gov.ph Tax Account Number
Social Security System www.sss.gov.ph Social Security Number
Department of Labor and www.dole.gov.ph Recruitment or Placement agency for local
Employment employment
Home Development Mutual
Pag-IBIG Fund
Fund
SOURC
AGENCIES REGISTRATION
E
Philippine Health Insurance Corp. Health Care System
Department of Agriculture (DA) - Animal Products, Veterinary Drugs and Animal
Bureau of Animal Industry Facilities
Department of Agriculture - Bureau
Animals and Aquatic Animals
of Fisheries and Aquatic Resources
Department of Agriculture - Fiber
Fiber and fiber products processing
Development Authority
Department of Health - Bureau of Food, Chemicals, Health - Related Product or
Food and Drugs Service
Flour processing, grains wholesaling & retailing,
Department of Agriculture - National milling, warehousing, exporting, importing,
Food Authority exporting, importing, indenting, packaging,
threshing, corn shelling
SOURC
AGENCIES REGISTRATION
E
Department of Agriculture - Mechanical drying Meat plant accreditation for
National Meat Inspection meat and meat products, slaughterhouse
Commission operations
Bangko Sentral Ng Pilipinas Pawnshop and Lending Institution
Department of Agriculture -
Bureau of Plant Industry Plants and Plants Production
Dole-Philippine Overseas Recruitment or Placement agency for foreign
Employment Administration employment
Department of Educations School and Educational Institutions
Commission of Higher Education Tertiary Level
SOUR
AGENCIES REGISTRATION
CE
Technical Education Skill
Technical - Vocational Education
Development Authority (TESDA)
Department of Interior and Local Training Security Agency Business Philippine National
Government Police
Service and repair for motor vehicles; automotive
DTI - Bureau of Trade Regulation
and heavy equipment ; engine and shop engineering,
and Consumer Protection
etc.
Sugar trading, muscovado converting and trading,
Department of Agriculture -
processing or manufacturing sugar-based products
Sugar regulatory Administration
for export
Department of Information and
National Telecommunications Commission
Communications Technology
SOUR
AGENCIES REGISTRATION
CE
Department of Transportation Transportation: Land
- Land Transport Franchise Transportation Service
and Regulatory Board Transportation
Maritime Industry Audithory Sea Transportation Service
Department of Tourism Tourism - Related Projects
THANK
YOU!
