In case you’re making plans to shut your enterprise within the Philippines, you’ll’t simply forestall operations and disregard about the whole thing. You should additionally legally shut your enterprise with the DTI (Division of Industry and Trade) and the opposite authorities businesses you had implemented to for lets in whilst you began your enterprise.
This guarantees that you just received’t incur any further charges, fines, or surcharges.
Necessities
You should definitely stay the next able:
- Date of utility
- Identify of the enterprise proprietor / spouse / company president (if acceptable)
- Registered enterprise title
- Date of industrial title registration
- Certificates of Registration Quantity
- Explanation why/s for enterprise closure
- Proposed date of closure
- Absolutely crammed out “Different BN-Similar Software Shape” signed by way of the registered enterprise proprietor
- Declaration underneath oath that the enterprise cancellation (1) isn’t meant to defraud collectors and (2) that the enterprise proprietor doesn’t have any remarkable and pending business-related monetary duties or that they’ve notified all of the collectors of the enterprise cancellation (relying at the case/state of affairs)
- One (1) legitimate government-issued ID of the enterprise proprietor / spouse / company president
- Authorization Letter and legitimate IDs (of industrial proprietor and licensed consultant) if filed by way of a consultant
- Qualified true replica of SEC certificates of dissolution of the partnership or company (whichever is acceptable)
- Fee of the enterprise cancelation rate
Tips on how to Shut Your Trade Data with the DTI
There are two techniques to near your enterprise title information with the DTI:
- Pass to the closest DTI workplace to procedure your utility
- Use the DTI’s on-line enterprise title registration device (BNRS)
On the other hand, the net possibility is simplest to be had for individuals who know their reference code (no longer the enterprise title quantity), whether or not the TRN (Transaction Reference Quantity) or PBN (Proposed Trade Identify).
If it’s too sophisticated so that you can use, it’s best possible to move to the closest DTI workplace to get this finished and over with.
Cancellation Charges
The cancellation charges are simplest Php30, in accordance with the DTI’s ANNEX E.
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