Republic of the Philippines

City of Taguig
Gen. Santos Avenue, Central Bicutan, Taguig City

Taguig City University

LEGAL REQUIREMENTS
Feasibility studies are an essential step in any business venture, including
the establishment of a new restaurant such as Craver's Chicken in Vista Mall,
Taguig, Philippines. However, before conducting such studies, it is vital to meet
the legal requirements set by the government. This essay will outline the
necessary legal requirements and procedures for registering a corporation or
partnership, obtaining secondary licenses, as well as registering with various
government agencies.

DOCUMENTARY REQUIREMENTS FOR REGISTRATION OF CORPORATION

AND PARTNERSHIP
To begin, the registration of Craver's Chicken as either a corporation or
partnership requires specific documentary requirements.

 For a corporation, these include articles of incorporation and by-laws

notarized by a notary public or lawyer (PHP 200 to PHP 1,500),
treasurer's affidavit containing the statement of capital stock
subscribed and paid (PHP 500 to PHP 1,500), certificate of bank
deposit with proof of payment (PHP 100 to PHP 300), and SEC form
F-100 (FREE).
 Additionally, for partnerships, the partnership agreement must be
drafted and notarized.
 Republic of the Philippines
City of Taguig
Gen. Santos Avenue, Central Bicutan, Taguig City

Taguig City University

PROCEDURES AND REQUIREMENTS FOR REGISTRATION OF SECONDARY
LICENSES

SSS REGISTRATION AND PAG-IBIG REGISTRATION

After registering as a corporation or partnership, it is crucial to secure secondary
licenses. These secondary licenses include registration with the Social Security
System (SSS) and Pag-Ibig Fund.
 For SSS registration, the business owner needs to accomplish and submit
SSS Form R-1 together with supporting documents such as the SEC
certificate of registration, articles of incorporation/by-laws, treasurer's
affidavit, and proof of payment of SSS contributions.
 For Pag-ibig registration, the owner must accomplish and submit the MCIF
form along with similar supporting documents.

BARANGAY PERMIT
In addition to SSS and Pag-Ibig registration, obtaining a Barangay Permit is
also necessary (PHP 100 to PHP 500). The barangay permit can be obtained by
submitting the accomplished application form together with the required
documents such as:

 Proof of residency
 Proof of ownership or lease contract of the business premises
 Valid ID of the business owner.

MAYOR’S PERMIT AND THE REQUIREMENTS FOR MAYOR’S PERMIT

To operate legally, Craver's Chicken must also obtain a mayor’s permit
(PHP 500 to PHP 5,000). The requirements for the mayor’s permit may vary
 Republic of the Philippines
City of Taguig
Gen. Santos Avenue, Central Bicutan, Taguig City

Taguig City University

depending on the local government unit (LGU). However, commonly required
documents include:
 An accomplished application form
 Barangay clearance (PHP 50 to PHP 200.)
 SEC certificate of registration
 Articles of incorporation/by-laws (for corporations) (PHP 1,000 to
PHP 5,000)
 Treasurer's affidavit (PHP 500 to PHP 2,000)
 Proof of payment for registration fees
 Valid id of the business owner
 Other additional requirements specified by the LGU.

BUREAU OF INTERNAL REVENUE (BIR) AND THE STEPS OF REGISTERING

THE BUSINESS THROUGH BIR
Furthermore, registration with the Bureau of Internal Revenue (BIR) is
required (PHP 1,000 to PHP 3,000). The process starts by obtaining a Certificate
of Registration (COR) from the BIR. The steps for registering the business through
BIR include:

 Completing BIR Form 1903 (Application for Registration)

 Submitting it together with the required supporting documents

These supporting documents typically include:

 SEC certificate of registration

 Articles of incorporation/by-laws
 Treasurer's affidavit
 Proof of registration with SSS and Pag-ibig
 Republic of the Philippines
City of Taguig
Gen. Santos Avenue, Central Bicutan, Taguig City

Taguig City University

 Proof of barangay permit
 Proof of lease or ownership of business premises
 Other documents as required by the BIR.

DTI PERMIT

The steps to get DTI permit in the Philippines are as follows:

 Determine your business activity - You need to determine the nature of

your business activity or trade that you want to apply for a permit.

 Business Name Registration - You need to register your business name

with the Department of Trade and Industry (DTI). The cost for this step
is PHP 200.

 Barangay Clearance - Obtain a Barangay Clearance from the Barangay

Hall in the area where your business will operate. The cost for this step
varies depending on the barangay, but it is usually around PHP 200.

 Mayor's Permit - Apply for a Mayor's Permit at the City Hall where your
business is located. The cost for this step varies depending on the city
and the size of your business, but it can range from PHP 1,000 to PHP
10,000.

 Bureau of Internal Revenue (BIR) Registration - Register your business

with the B ureau of Internal Revenue (BIR) to obtain a Tax Identification
Number (TIN) and other necessary tax registrations. The cost for this
step varies depending on the type of business and the taxes you need
to register for.

 Securing Other Permits and Clearances - Depending on the nature of

your business, you may need to secure additional permits and
clearances from other government agencies. The cost for these permits
varies depending on the agency and the requirements.
 Republic of the Philippines
City of Taguig
Gen. Santos Avenue, Central Bicutan, Taguig City

Taguig City University

In summary, conducting a feasibility study for Craver's Chicken in Vista
Mall, Taguig, Philippines, requires compliance with various legal requirements.
These include the registration of the business as a corporation or partnership,
obtaining secondary licenses such as SSS and Pag-Ibig registration, securing a
Barangay Permit, obtaining a mayor’s permit, registering with the Bureau of
Internal Revenue and the DTI permit. It is important to carefully follow these legal
requirements and procedures to ensure that Craver's Chicken operates within the
bounds of the law and can successfully establish itself in Vista Mall.