Smart Start: Philippine Business Basics

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Foundations for starting a biz

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Crisme Gempesao

Filipinas

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Froggy Jumps Smart Start: Philippine Business BasicsVersión en línea Foundations for starting a biz por Crisme Gempesao 1 Which agency registration is required for a corporation or partnership in the Philippines? a SEC Registration b BIR Registration c DTI Registration 2 What registration covers your business tradename in the Philippines? a BIR Registration b DTI Registration c SEC Registration 3 Which permit is needed to operate in the city or municipality? a BIR Registration b SEC Registration c Mayor’s Business Permit 4 Which agency issues the TIN and processes national taxes? a SSS Registration b BIR Registration c Pag-IBIG Registration 5 Which registrations are for employer contributions for employees? a DTI Registration b SEC Registration c SSS, PhilHealth, and Pag-IBIG Fund registration 6 What is a key first step in business planning mentioned in the text? a Set up an accounting system or hire an accountant b Secure insurance for the business c Advertise the business 7 Which activity is emphasized to help customers know your business exists? a Develop a complex online system b Hire only internal staff c Advertise the business (e.g., social media) 8 Why is record keeping important for a small business? a To increase taxes b To plan, meet legal/tax requirements and measure performance c To delay reporting 9 What does a good record-keeping system help with besides taxes? a Hiring more staff b Measuring profit and performance c Increasing debt 10 What is one legal aspect of record-keeping mentioned? a Keep records only for 1 year b All records must be paper-only c Recording must fit the business needs and be easy to use

Froggy Jumps

Smart Start: Philippine Business BasicsVersión en línea

Foundations for starting a biz

por Crisme Gempesao

Which agency registration is required for a corporation or partnership in the Philippines?

SEC Registration

BIR Registration

DTI Registration

What registration covers your business tradename in the Philippines?

BIR Registration

DTI Registration

SEC Registration

Which permit is needed to operate in the city or municipality?

BIR Registration

SEC Registration

Mayor’s Business Permit

Which agency issues the TIN and processes national taxes?

SSS Registration

BIR Registration

Pag-IBIG Registration

Which registrations are for employer contributions for employees?

DTI Registration

SEC Registration

SSS, PhilHealth, and Pag-IBIG Fund registration

What is a key first step in business planning mentioned in the text?

Set up an accounting system or hire an accountant

Secure insurance for the business

Advertise the business

Which activity is emphasized to help customers know your business exists?

Develop a complex online system

Hire only internal staff

Advertise the business (e.g., social media)

Why is record keeping important for a small business?

To increase taxes

To plan, meet legal/tax requirements and measure performance

To delay reporting

What does a good record-keeping system help with besides taxes?

Hiring more staff

Measuring profit and performance

Increasing debt

What is one legal aspect of record-keeping mentioned?

Keep records only for 1 year

All records must be paper-only

Recording must fit the business needs and be easy to use

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Smart Start: Philippine Business Basics

Froggy Jumps

Sobre esta actividad

Creada por

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Froggy Jumps

Smart Start: Philippine Business BasicsVersión en línea

por Crisme Gempesao

Which agency registration is required for a corporation or partnership in the Philippines?

What registration covers your business tradename in the Philippines?

Which permit is needed to operate in the city or municipality?

Which agency issues the TIN and processes national taxes?

Which registrations are for employer contributions for employees?

What is a key first step in business planning mentioned in the text?

Which activity is emphasized to help customers know your business exists?

Why is record keeping important for a small business?

What does a good record-keeping system help with besides taxes?

What is one legal aspect of record-keeping mentioned?

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