Establish a Sole Proprietorship Business
Looking for the easiest way to start a business in Metro Manila? Sole proprietorship offers a streamlined approach to manage everything.
What Makes Sole Proprietorship Ideal
In the Philippines, sole proprietorship is the most basic type of business ownership. With full ownership of all company assets and obligations, the business owner operates as the “sole proprietor” of the enterprise.
A common choice for new business owners is the sole proprietorship because of its ease of establishment and low registration requirements. A sole proprietorship is considered as an entity with a single taxpayer. In other words, the proprietor and the business have the same Tax Identification Number.
Sole Proprietorship or Corporation: Which is Best?
A sole proprietorship has a very straightforward structure in contrast to other business forms. Partnerships and a board of directors (when structured as a corporation) are not necessary for this kind of business operation.
All executive decisions are made by the sole proprietor. Similarly, the sole proprietor is responsible for all assets and obligations.
Advantages of Registering as a Sole Proprietorship
A sole proprietorship is easy to set up with minimal paperwork and legal requirements. It requires low capital and fees, making it cost-effective. The owner has total control over all decisions without needing approval from others. This structure offers flexibility, independence, and a simple way to start a business.
Basic Registration Package
At the moment, we only offer these services to businesses based in Metro Manila:
- DTI Registration
- LGU Registration / Mayor’s Permit
- BIR Registration
Premium Registration Package
At the moment, we only offer these services to businesses based in Metro Manila:
- DTI Registration
- LGU Registration / Mayor’s Permit
- BIR Registration
- SSS / PhilHealth / PAG-IBIG Registration