How to Register Business Name in SEC Online PDF

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How to Register Business Name in SEC Online: A Guide for Corporations and Partnerships

As for one person corporation 1. Fill out letter consent, cover sheet, and the articles of incorporation. 2. Notarize the documents. 3. To apply for a corporate name using the application form provided in the link https://secwebapps.sec.gov.ph/application. 4. Pay the necessary fees indicated in the payment assessment form. Such as;     

Filing Fees Research Fees Name Reservation Documentary Stamp Tax on registration Documentary Stamp Tax on the original issuance of shares

5. Submit the following manually to the SEC Branch of choice within 30 days of payment.   

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Articles of Incorporation; Letter consent of the nominee; TIN of stockholder; Cover Sheet.

6. Claim certificate of incorporation. 7. Appoint Nominee, Treasurer, and Secretary within 15 days of receipt of the certificate of incorporation.

For domestic stock corporations (Regular Lane). 1. Go visit https://crs.sec.gov.ph/home to create a Sec account. The instruction how

to create a SEC account is provided in the website. 2. After creating SEC account click the three dash sign on the left side on the screen, find and select “Register New Company”. 3. Read and Accept the Terms and Conditions. 4. Define Company Type. These are examples  Stock Corporation – This is the most common form of corporation. This just means that the ownership of its shareholders is represented by stock certificates.  Non-Stock Corporation – This is a form of a corporation that does not issue stock certificates to its owners.  Foreign Corporation – This form of corporation is created in a foreign country which intends to do business in the Philippines.  General Partnership – This is a type of partnership which allows its creditors to go after the personal assets of the partners.  Limited Partnership – This is a type of partnership which protects the assets of its limited partners. The creditors of this kind of partnership can only sell the personal assets of the general partner. 5. Select Company Classification. This will determines whether your company / partnership must have a secondary license and special permits. Financing, loans and foreign companies require additional filings with the SEC. 6. Define Industry Type – This will depend on your business model. 7. Reserve the Company Name 8. Select SEC Main Office for LEAP, otherwise select SEC Branch Near you. 9. Confirm Verification Summary. 10. Add Company Information. 11. Read the registration guidelines and proceed. All documents shall be provided by the system 12. Select purpose of the corporation. Noted that If you do not see your company’s business purpose, you may select add purpose and edit it yourself. 13. Edit Capital Structure.

For partnerships

The process of creating a partnership is similar to that of a business corporation. The differences are: 1. The minimum contribution amount for partnerships is Php 3,000; 2. The minimum number of organizer owners, while companies need at least 5 founders; 3. An industrial partner may not contribute anything to the establishment of the company while the founders must have at least 1 share.

For further detail information please proceed to https://filipiknow.net/sec-businessname-registration/....