Steps in Legalizing Business
Steps in Legalizing Business
Steps in Legalizing Business
A legal business must have a business permit and need to be licensed. A business permit is
necessary for business to become officially registered and legalized in the locality.
First step is to determine where to get your business licences. You will need to get license from
Second step is to know your business code. There’s a different business code in different
Businesses types in order to get a license, you need to know this information. Different codes
require specific application process, and every municipality has its own set of requirement. What
you need is just a simple. Assumed Business Name or often called DBA.
Third step is to locate the form you will need to fill out. You will need to fill out the form and
apply for permit specific to your situation. In every city in every resource, you need to present an
Fourth step is to fill out the forms. In filling out the forms, you have to provide information about
your business: type, address, owner, contact information, number of employees, etc. in addition to
Fifth step is to file your forms. After filling out the forms, file it to your municipality’s finance
department.
Sixth step is to pay the filling fee. The fee depends on the type of business you operates and it
also matter on the municipality where you register your business because every municipality has
its own requirements regarding the filling fee that goes with the business license.
Seventh step is to wait to receive your license. The time it takes in processing the license depends
The final step is to follow the ordinance that pertains to your business. It is important to follow
the rules and regulations laid out by the local government or the municipality for the type of
business you’re operating once you started operating your business. You’ll need to report any
major changes to the facts on your business license application promptly and renew your business
In legalizing the business, all you have to do is to register the business to the Department of Trade
and Industry (DTI), Business Permit and Licensing Office (BPLO), and to the Bureau of Internal
Revenue (BIR).