Register your company with the Bureau of Internal Revenue (BIR) SEC Certificate of Registration. Barangay Clearance for your business. Proof of Address (Lease Contract or Certificate of Land Title) Company's Business Permit from the Mayor's Office. Valid ID.
Documents to create when forming a business include articles of incorporation and bylaws. While both are crucial, they serve different purposes. One establishes the organization as a legal business entity, while the other acts as a guiding document for the board of directors and leadership team.
Land Use Bylaw It regulates the development of land and buildings on a site-specific basis, based on the policy directions set by the MDP and IDPs. The LUB defines what constitutes development (or land use); divides up the municipality into land use districts and lists the land uses allowed in each district.
By-laws Adoption. – Every corporation formed under this code, must, within one month after receipt of official notice of the issuance of its certificate of incorporation by the Securities and Exchange Commission, adopt a new code of by-laws for its government not inconsistent with this code.
The SEC, BSP and the Insurance Commission (IC) are the principal regulatory agencies that promote corporate governance rules in the Philippines. In the private sector, institutions like the PSE and the Institute of Corporate Directors (ICD) play significant roles.
The By-Laws outline the rules on annual and special meetings, voting, quorum, notice of meeting and auditors and inspectors of election. They further emphasize procedures for qualification, nomination, election and compensation of the directors. The By-Laws also identify the officers of the company and their functions.
A byelaw is a law which only affects the area of a Council. They are issued (made) by that Council only when it has been granted the power to do so by an Act of Parliament. The purpose of byelaws is to prevent or reduce some nuisance or harm to people who live, visit or work in that area.