HOW TO REGISTER A BUSINESS IN THE PHILIPPINES | Sole Proprietorship, Partnership or Corporation?

Поділитися
Вставка
  • Опубліковано 13 чер 2024
  • How do you register a business in the Philippines? How much does it cost to register a business in the Philippines? What is the difference between Sole Proprietorship, Partnerships, and Corporations? That’s what we’re gonna be covering today! If you have an online business, freelancing business, or traditional business, we all need to register this. So, this video runs through the different decisions you have to make and offices you need to go to make your side hustle into a legal entity.
    Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general.
    ►Outline :
    0:00 - Intro & Features
    0:34 - Start of Video
    1:00 - Outline
    1:34 - Name Registration
    1:41 - Business Name vs Brand Name
    2:37 - Business Structures
    2:50 - Sole Proprietorship
    4:00 - Partnerships
    6:01 - Corporations
    9:55 - DTI
    11:11 - SEC
    13:35 - IPO
    13:56 - Business Permit
    17:40 - BIR Permit
    21:07 - Recap/Summary
    22:24 - Why should we register?
    23:43 - Outro
    ►Sources/Links
    ►DTI: www.dti.gov.ph/
    ►BNRS: bnrs.dti.gov.ph/services
    ►SEC: sec.gov.ph/
    ►SEC Regsitration Calculator: www.sec.gov.ph/online-service...
    ►IPO: ipophil.gov.ph/
    ►businessdiary.com.ph/3634/bus...
    ►mybusinessacademy.ph/resource...
    ►www.businesscoachphil.com/be-a...
    ► Previous Videos :
    HOW TO START A BUSINESS in 6 steps ► • HOW TO START A BUSINES...
    BEST ONLINE SIDE HUSTLES IN THE PHILIPPINES ► • BEST ONLINE SIDE HUSTL...
    TOP APPS THAT HELP YOU SAVE MONEY ► • TOP APPS THAT HELP YOU...
    5 Tips on How to Get Good with Money ► • I TRIPLED MY SAVINGS! ...
    ► REQUIREMENTS :
    ►DTI
    -Presentation of 1 copy of government issued ID
    -Accomplished Business Name Registration form
    -Registration fee
    ►SEC (Partnerships)
    -Name Verification Slip (online or at the name Verification Unit)
    -Articles of Partnership
    -Written Undertaking to Change Corporate Name by any partner
    -Form F-105 for partnership with Foreign Equity
    -Proof of Inward Remittance by foreign partners
    ►SEC (Corporations)
    -Verification Slip Form (S) (NS)
    -Articles of Incorporation (S) (NS)
    -Treasurer’s Affidavit (S)
    -Notarized Bank Certificate of Deposit where the bank is located (S)
    -Written Undertaking to Change Corporate Name by any Incorporator or Director (S), by any Trustee (NS)
    -Clearance from other government agencies (S)
    -Foreign Investment Application Form F-100 (for subsidiaries of foreign corporations (S)
    -Proof of Inward Remittance by Non-Resident Aliens/Subscribers (S)
    -List of members and amount contributed certified by the Secretary and Treasurer (NS)
    -Registration fee
    ►Business Permit
    -DTI or SEC Registration
    -Certificate/Articles of Incorporation
    -Community Tax Certificate
    -Barangay Clearance
    -Location Clearance
    -Certificate of Occupancy
    -Building Permit
    -Fire Safety/Inspection Permit
    -Electrical Inspection Certificate
    -Contract of Lease
    -Picture/Sketch of the Site
    -Public Liability Insurance (for restaurants, mall, cinemas)
    -SSS Registration
    ►BIR Permit (TIN Number)
    a) Self Employed/Mixed Income Individual (BIR Form 1901)
    -Birth Certificate or any valid ID
    -Mayor’s Permit/application for Mayor’s Permit
    -DTI Certificate of Registration
    b) For Partnerships and Corporations (BIR Form 1903)
    -SEC Certificate of Registrations
    -License to do business in the Ph (foreign corporation)
    -Mayor’s Permit/Application for Mayor’s permit
    ►SOCIALS
    Instagram: / deleoncharmaine
    TikTok: / deleoncharm
    Facebook Page: / charmdeleon
    Facebook Group: / ready2adultph
    Email: hello@ready2adultph.com
    ua-cam.com/users/CharmdeLeon?s...
    ► Music Credit: DJ Quads
    Track Name: “IT’S NEAR”
    Music by: Dj Quads @ / aka-dj-quads
    Official UA-cam Channel HERE: / channel
    Disclaimer:
    This video and description contain affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.
    KEYWORDS:
    Starting a business in the philippines, how to start a business ph, register a business in the philippines, business registration, how to register a business in the philippines, filipino entrepreneur, Ready2Adult ph, charmaine de leon, charm de leon

КОМЕНТАРІ • 453

  • @CharmdeLeon
    @CharmdeLeon  3 роки тому +52

    Just a reminder:
    All business will need the 3:
    1. Name registration (DTI/SEC)
    2. Business Registration (City Hall)
    3. BIR Registration (BIR)
    You can register as a professional (No need name registration) but still BUSN PERMIT + BIR. Even if your clients are foreigners, even for micro/small businesses.
    “DTI Registered” is not considered a legally registered business as it only takes 5 mins to get DTI online.

    • @mayzielpatalinghug3388
      @mayzielpatalinghug3388 2 роки тому +2

      I would like to ask if you have an idea on what are the requirements if you have foreign partnership for a cafē business?

    • @dedzdebz
      @dedzdebz 2 роки тому

      Hello po mam pde po mag patulong s inyo

    • @dedzdebz
      @dedzdebz 2 роки тому +1

      Dahil dyan mahal n po kita. Liligawan kita

    • @ahmadabdullah352
      @ahmadabdullah352 2 роки тому +1

      Thanks for your information. Please I need to open a factory if you can send me your contact

    • @deankoch7305
      @deankoch7305 2 роки тому

      Would you like to start a business in fishing with me?

  • @beacodina957
    @beacodina957 2 роки тому +3

    when i was 16 years old i subscribed to you and had nothing in mind i dont really understand that much because i have nothing to do with business before...but i knew that your videos are very educational... now that I am 20 I now understand you more clearly and I'm so glad that you are here ♥️

  • @ross6799
    @ross6799 3 роки тому +2

    Thank you for this! So much information explained very well, you deserved a million subscribers.

  • @user-ww8eu1sp7s
    @user-ww8eu1sp7s 6 місяців тому +1

    This is amazing! Really helpful! Concise, brief, and simple

  • @malts100
    @malts100 2 роки тому +6

    very organized and detailed, thanks for making this video! Cheers and stay safe!

  • @gracediloy5999
    @gracediloy5999 Рік тому +2

    This video is very helpful specially for the foreigners who want to invest here in the Philippines kudos ❤️

  • @rocheliedelacruz8647
    @rocheliedelacruz8647 3 роки тому +2

    Thank you, Ms Charm! Its an informative video and you have clearly explained everything. God bless!

  • @LenyRamos26
    @LenyRamos26 3 роки тому +8

    Very helpful! Hope you can also create a video with deep dive discussion for sole proprietorships that are involved in online selling :)

  • @samersportsph926
    @samersportsph926 3 роки тому +2

    Thanks! Very helpful and well explained!

  • @laramaevalencia9813
    @laramaevalencia9813 9 місяців тому

    This is such a helpful learning video. This wasn't elaborated in college, as far as I could remember.

  • @jenniferalforque6102
    @jenniferalforque6102 3 роки тому +31

    I'd really be honest as one of your audiences, the feels of watching your vids are like chatting to a friend who had lots of useful tips in mind & like listening to my econ prof wayback college in one. Hihi
    More power to you channel Ms. Charm!✨

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +4

      Wow, thank you, Jen! I actually started my channel because I keep talking to my friends about these and they suggested to make a video so I can just send a link next time 😂

  • @johhannah1765
    @johhannah1765 2 роки тому

    Thank you for your very detailed explanation, hoping too see more of this videos 😀

  • @rumvillalmeda4193
    @rumvillalmeda4193 2 роки тому +2

    Thanks Charm, avid fan here. Very imformative

  • @thegooplife
    @thegooplife 2 роки тому +2

    Thanks for sharing your knowledge! This helps!

  • @kimberlypalacio8023
    @kimberlypalacio8023 2 роки тому +1

    This is really a big help for me. Thank you Ms. Charm.

  • @charmaineamante5202
    @charmaineamante5202 3 роки тому

    Taking some notes here while watching your video. Thank you.

  • @appleprieto5350
    @appleprieto5350 Рік тому

    1/3 palang sa video na answer na nimo akong business questions! 👏

  • @babynidigitwins3385
    @babynidigitwins3385 3 роки тому +1

    Thank you for the very clear explanation.

  • @mjvlogs8031
    @mjvlogs8031 2 роки тому +2

    Thank you! Dako kaayo ug tabang miss ☺️

  • @ellajay260
    @ellajay260 4 місяці тому

    So informative and well explained! I really learned a lot. Subscribed agad. Keep it up :)

  • @pamrnbr
    @pamrnbr 3 роки тому

    Thank you. Huge help! I'm going to check your other videos.

  • @aaronmarkollado9814
    @aaronmarkollado9814 3 роки тому +2

    Thank you! This video helps a lot. God bless!

  • @ralindiaries1907
    @ralindiaries1907 3 роки тому +1

    Makaamaze kaayo. Nice content , daghan ko nakat.onan until the end of vid. Salamat sa valuable info.

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому

      Salamat sad 😊 so glad na masabtan ra ako pag explain

  • @phantmart6544
    @phantmart6544 2 роки тому

    Hi Charm, thanks for the information, well said. keep up the great work. Thanks

  • @seanterrencecalzada4437
    @seanterrencecalzada4437 2 роки тому +1

    Thanks this is very detailed explanation!

  • @rydelarayata5366
    @rydelarayata5366 2 роки тому +1

    Very informative! Thank you very much :)

  • @alexisingson2476
    @alexisingson2476 2 роки тому

    Will wait for the video regarding taxes!!thank you so mu much

  • @chefathan8799
    @chefathan8799 5 місяців тому

    Salute to you... Nice and explained very well...

  • @tianestabillo2438
    @tianestabillo2438 2 роки тому +1

    This is very Informative😊.

  • @cleanxpertsph5658
    @cleanxpertsph5658 3 роки тому +1

    Ang galing at ang talino ng batang ito.

  • @landragorospe5533
    @landragorospe5533 2 роки тому +1

    Very informative video. Thank you Maam

  • @marlineuno7997
    @marlineuno7997 2 місяці тому

    waaaah. this is what ive been looking for. thank you for the information

  • @eydelcruvil
    @eydelcruvil 2 роки тому

    very informative. waiting for you to discuss about tax liabilities of different business based on your actual experience. tysm ☺️

  • @yhennem6688
    @yhennem6688 Рік тому

    Thank u this is very informative kagaya ko na mag-open pa lang.

  • @princessbernadetteroque4360
    @princessbernadetteroque4360 2 роки тому +1

    Love your videos. Really informative. Thank you charm My goal is to finish watching all your videos. I'm binge watching it rn.

  • @fibortan9481
    @fibortan9481 2 роки тому +1

    Thank you ma’am. Very informative.

  • @verncesarIII
    @verncesarIII 2 роки тому +1

    Thank you for this excellent video!

  • @jaiidith
    @jaiidith 3 роки тому +2

    AHHHHH ALWAYS A GOOD CONTENT!!

  • @christian.H310
    @christian.H310 2 роки тому

    easy catch thanks.. i appreciate the vid.

  • @LNoche
    @LNoche Рік тому

    Love your content. Very thorough.

  • @batangmorena8296
    @batangmorena8296 2 роки тому +1

    Watch ko to later. Para may matutunan lang hehe

  • @johnjoshuaavila1009
    @johnjoshuaavila1009 2 роки тому

    Thank you so much! So helpful. I am so hyped up to be a sole proprietor and be a legal business owner

  • @albertdonan4136
    @albertdonan4136 3 роки тому +1

    Gandang gabei po. Sau maam salamat po sa content na to. 👍

  • @reivenclydeheartlock7247
    @reivenclydeheartlock7247 3 роки тому +1

    This is awesome! Glad that I found this video! Quick questions, is it possible to operate the business first to save up funds for the permits? Would there be problems doing that? My business would be in the field of online services. Again, thank you for this quality video.

  • @whenthetrumpetsounds5353
    @whenthetrumpetsounds5353 3 роки тому +1

    thank you maam for this video.. lots of info, very clear and your so pretty as well.

  • @meryluztomboc63
    @meryluztomboc63 3 роки тому +3

    Thank you ms. Charm. Big help. Planning to open a milk tea and snacks business this year and I really need to know about this.

    • @dwainorpiano2615
      @dwainorpiano2615 2 роки тому

      How about the professional services maam charm

  • @SuperWeaknoob1911
    @SuperWeaknoob1911 3 роки тому +1

    Thanks for the very informative video! Me and my two other buddies are about to start a business in the gadget/electronics industry. We are on our mid 30's pero ngayun palang kame mag aadulting haha! We'll watch your other vids as well.

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      Thank you! 🙏🏻 haha sabay tayo mag navigate sa adulting world, never ending learning haha

  • @mvchannel6679
    @mvchannel6679 3 роки тому +2

    Great! This is helpful for start up business owner like me! Thank you! Stay safe!

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      Thank you! I’m glad!!

    • @carolgabriel3038
      @carolgabriel3038 3 роки тому

      @@CharmdeLeon ang lending po b maam pwede s partnership or s corporation cya dpat.. TIA GODBLESS..

  • @lyndaasda1205
    @lyndaasda1205 3 роки тому +1

    Thank you. It is very informative

  • @gely.fitness
    @gely.fitness 3 роки тому

    Hello, we are starting a corporation with my friends, specifically an online retail shop, should we register it first? Or are we free to start without permits? Will there be penalties if we register after a year of operating online? We're still trying if it will survive.

  • @ericsinspirationalvideos4679
    @ericsinspirationalvideos4679 2 роки тому +1

    thank you, very informative ☺️

  • @sy8acep
    @sy8acep Рік тому

    Daghan salamat! Amping permi!😊 from Detroit, planning to go back home and open a tech biz in the Philippines. Originally from CDO 😊

  • @joyannzausacalupas2621
    @joyannzausacalupas2621 3 роки тому

    Such a big help! 💯💯💯💯

  • @asenath7215
    @asenath7215 2 роки тому +3

    Thank you so much for this! Regarding the SEC Registration expenses, the 5k to 10k cost, is this determined by the calculator directly or not? What other costs should we expect aside from that which is determined by the calculator (which ofcourse is dependent on the declared capital)? Thank you!

  • @itanga3676
    @itanga3676 2 роки тому

    Thanks mam charm very informative.maayung gabee cebu.🥰

  • @MAKEMONEYMARK8
    @MAKEMONEYMARK8 3 роки тому +1

    Love this video I wish there was a love button. Enjoyed this video very much 😁 great info for Philippines

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      JIM INCOME I’m curious how you do it there 🤔

    • @MAKEMONEYMARK8
      @MAKEMONEYMARK8 3 роки тому +1

      @@CharmdeLeon In the US, we have the IRS. You can applied to get a Employer Identification Number or EIN that's associated with your personal social security number. You would want to register the business a LLC with the state. Then you can applied for EIN. Once you have the LLC paper and EIN number. You can go to bank to open a checking account, credit cards in your business names. Then when you apply for affiliate offers or even google adsense, you would use your EIN or business name. So that way your name and private social number is not show to anyone. Thanks!

  • @RoyalZessy
    @RoyalZessy 3 роки тому +2

    thank u for sharing po! very helpful!

  • @vintv2628
    @vintv2628 3 роки тому +1

    Thank you for the knowledge. God bless you.

  • @elleang9337
    @elleang9337 3 роки тому +1

    Thank you soooo much! This is a very helpful video! 😊

  • @ejayfernandes8121
    @ejayfernandes8121 3 роки тому +1

    Thank you very much! Thank you master!

  • @iankimlarroza770
    @iankimlarroza770 Рік тому +1

    Hi Ms. Charm,
    Impressed and amazed about your video. First video that I saw from you, would just like to ask if you have a vlog for registering business specifically for a certain industry?
    Best Regards,

  • @jiffereyvelasco304
    @jiffereyvelasco304 Рік тому

    awesome.... thanks for the video

  • @eloisaodiadamusic
    @eloisaodiadamusic 2 роки тому +1

    Thank you so much Charm!

  • @vicentetagadiad178
    @vicentetagadiad178 3 роки тому +1

    Thanks Ms. for sharing this.

  • @lesterdonesa2241
    @lesterdonesa2241 2 роки тому +1

    Thankyou so much mam for the information ❤️

  • @ricocasimiro7532
    @ricocasimiro7532 Місяць тому

    Amazing 🎉

  • @goonerp.7131
    @goonerp.7131 Рік тому +1

    Hello! I hope you see my question and reply. As a sole prop business owner in the food industry, how would you go about expanding/branching out to different cities/municipalities? Would you need to register another sole prop for each branch you decide to open or would you just apply for Mayors, BIR etc permits for each location?

  • @LyleTanciano
    @LyleTanciano 3 роки тому +1

    wow! helpful kaayo! salamat!

  • @julieannabada7222
    @julieannabada7222 2 роки тому +1

    Thank you Miss this can help me alot

  • @Paul-ch4sr
    @Paul-ch4sr Рік тому

    Just watched you vids, and i continue watching when i heard you said "Sugbo".
    I am amazed by that business, it makes me jealous that somebody did it already. Haha.
    Been to Cebu last year, always visited the Sugbo mercado. As always, its amazing.
    And youre gorgeous BTW. Im a fan!! Lahi rajud 🧡

  • @JOmskiiTV
    @JOmskiiTV 3 роки тому

    I was able to register my business. Thanks to you! I'm also from Cebu :)

  • @PROBINYERO
    @PROBINYERO 3 роки тому

    Very well said!

  • @jezzaperez8798
    @jezzaperez8798 3 роки тому +1

    You can be an accounting reviewer. Nice video

  • @patriciacoquia1139
    @patriciacoquia1139 3 місяці тому

    Hi Ms. Charm! Hope you can do a separate video that focuses more on registering an Airbnb business specially now that it’s required to be DTI registered by April 😊

  • @biancadeguzman1999
    @biancadeguzman1999 3 роки тому +1

    Thank you for this vid! Narefresh yung knowledge ko tungkol sa partnership and corp.

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      Bianca De Guzman para lang online class 😂

    • @biancadeguzman1999
      @biancadeguzman1999 3 роки тому +1

      @@CharmdeLeon ay okay lang na online class yan, wag lang po talaga accounting 😂

  • @DavidTheDelfin
    @DavidTheDelfin 3 роки тому +1

    Never skip ads 🤑

  • @mariewannaaa
    @mariewannaaa 3 роки тому +1

    Yaaaay new video

  • @iamsuperdayangofchyreative943

    Thank you for the video :) I register my online business and they didn’t require me for Mayor’s Permit :)

  • @debtfreeF
    @debtfreeF 3 роки тому +1

    So informative! Thanks for sharing :)

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому

      firecrackerfrance welcome, France! Does it work the same there?

    • @debtfreeF
      @debtfreeF 3 роки тому +1

      @@CharmdeLeon i'm actually not 100% sure because i know NOTHING about starting/registering for a business haha i still have a lot to learn

  • @littleyamini
    @littleyamini 3 роки тому +1

    Hey! my brand name has an “& Co” in it and we’ve already been in business for a few months now but we just learned that if we register we cannot use Co as sole proprietor. is it worth to register into a 2 person corporation for our online business or is that too big for our modest business?

  • @CharleneBesin
    @CharleneBesin 3 роки тому +1

    WOW !!! AMAZING KAAYU ! Very informative . Klaro na klaro kaayu pagka explained. Akong brain cells ni gimok na . Hahahahaha

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      Hahaha salamat! 🙏🏻 🤗

    • @CharleneBesin
      @CharleneBesin 3 роки тому +1

      @@CharmdeLeon God Bless you po hehehe .

  • @geoffreyrmiguel
    @geoffreyrmiguel 3 роки тому +1

    Hi, thank you for sharing

  • @eurekaytchannel4976
    @eurekaytchannel4976 Рік тому

    very informative content. im learning a lot from this channel. new subs here.

  • @gracegerardmorcilla1421
    @gracegerardmorcilla1421 3 місяці тому

    very helpful

  • @aljhorenabdulla1840
    @aljhorenabdulla1840 3 роки тому +1

    Thank you for sharing

  • @jericoesguerra978
    @jericoesguerra978 10 місяців тому

    Thank you , very informative....

  • @PaolaMartinez-tg2vo
    @PaolaMartinez-tg2vo 2 роки тому +1

    Hello, thank you for the very informative video.
    I would like to clarify regarding business name and brand name.
    Does it mean, 1 business name can have a lot of different brand names as long as it is registered in IPO? Like Bistro Group of companies with diff brand names or chains of resto such as itallianis, TGI fridays and etc..
    I hope you can enlighten me more coz I have a food stall and would like to register it this year. Thank you so much 😊

  • @zacharyaldave1336
    @zacharyaldave1336 3 роки тому +3

    Thank you for this! Saved my ass from the penalties. Almost impulsively registered at DTI because of how easy it was.

    • @CharmdeLeon
      @CharmdeLeon  3 роки тому +1

      Zachary Aldave yes! A lot of people do. What you can do if you’ve made that mistake is just to get another DTI Certificate (with a slightly different name 😂), but it would still be an expense haha

    • @jpao4566
      @jpao4566 3 роки тому

      @@CharmdeLeon How much is the penalty?

    • @ravenranola9624
      @ravenranola9624 5 місяців тому

      ​@@CharmdeLeon hello mam kumuha po kami ng dti nung opening namin and hindi po namin naasikaso agad yung bir/mayors permit, and if magpapalit po kami ng name magkano po aabutin ng penalty 3months napo kami nag ooperate now po lang po kami nakaipon ng pagkuha ng mayors permit

  • @malts100
    @malts100 2 роки тому

    Follow up question can I use, quickbooks (online based accounting books) for the books instead of the physical ones?

  • @shikamaru012
    @shikamaru012 Рік тому +1

    i hoped you elaborated on the brgy/regional/nat'l registration in DTI. so does that mean if i apply for brgy, i can only sell within the brgy?

  • @reagantan6372
    @reagantan6372 3 роки тому +2

    how bout opc? and hm gagastusin... who can u recommend n accountant??

  • @fieryfbc536
    @fieryfbc536 2 роки тому +1

    cash receipt, cash disbursement, general ledger, general journal

  • @francisabellana780
    @francisabellana780 3 роки тому +1

    Thank you!

  • @marcialjanmamaril395
    @marcialjanmamaril395 Рік тому

    Hi charm, thank you for the video. Very informative. May I just ask, I’m planning to open a business, a rental business like yours “sugbo merkado”, what will be the ideal business type to register. And maybe can I pick your brain more about that business. Thank you!

  • @hannyademon2351
    @hannyademon2351 2 роки тому

    May I ask what are the requirements for foreign partnership? since my partner is a foreigner, what are the things she need to do first for our partnership?

  • @fedal2730
    @fedal2730 2 роки тому

    I love your videos, may request sana ako please gawa ka video how to register or start stock corporation business step by step in Philippines. Thank you

  • @bezdock9886
    @bezdock9886 Рік тому

    Thank you.

  • @user-kv5ml7ci4o
    @user-kv5ml7ci4o Рік тому +1

    what if the business is under a company in the US and they would like to register the business here in the Philippines and still will be under their company name in the US, what process should I follow

  • @user-oj5nc7ln5d
    @user-oj5nc7ln5d 2 роки тому

    Ma'am I have question. If I want to branch out my business to another city do I need to get another mayor's permit for that particular area? Example my main branch is at Manila then I want to put up another one at Pampanga. Do I still need to get mayor's permit at Pampanga City Hall?

  • @francheskalachica359
    @francheskalachica359 2 роки тому

    I got my DTI and BIR sole prop last Feb and I wasn’t very aware getting the mayor’s permit or business permit and barangay clearance if they’re needed. Can I still acquire the business permit without penalty? Also, will I be required FSIC if my office is home office only?