FORM OF BUSINESS ORGANIZATION

The form of the proposed business, Review in Peace (RIP), is partnership

established by partners R,I,P, and I. Under the Article 1767 of the Civil Code of
the Philippines, this type of business organization is defined as a contract
whereby two or more persons bind themselves to contribute money, property, or
industry into a common fund the intention of dividing profits among themselves.
Since this kind of business requires a capital of more than Php 3,000.00,
it should be governed in accordance with Articles of Co-Partnership.
In order to operate legally, it has to comply first with certain registration
requirements.

Requirements for
Place of Registration
Registration
 Securities and  Articles of Co-
Exchange Partnership
Commission (SEC)  Filled SEC Registration
Form
 Department of Trade  Articles of Co-
and Industry (DTI) Partnership
 SEC Certificate
 City or Municipal  Certificate of
Mayor’s Office Registration of
Business Name
 Bureau of Internal  SEC Registration
Revenue (BIR)  Articles of Co-
Partnership
Certificates Issued
 SEC Certificate
 Certificate of
Registration of
Business Name
(Renewable every
5 years)
 Mayor’s Permit and
License to operate
(renewable
annually)
 BIR Registration
Number
 Partnership’s Tax
Identification
Number (TIN)
 Registration of
 Books, Invoices,
and Official
Receipt
 Social Security  Filled SSS Application  SSS Certificate of
System Form Membership
 List of Employees  SSS Employer ID
Number
 Philippine Health  SEC Registration  PhilHealth
Insurance  Employer Data Record Employer Number
Corporation or ERI Form (PEN) and the
 Business Permit or Certificate of
License Registration
 PhilHealth
Identification
Number (PIN) and
Member Data
Record (MDR) for
Concerned
Employees
 Home Mutual  SEC Registration  HMDF Certificate
Development Fund  Articles of Co- of Membership
(Pag-IBIG Fund) Partnership  HMDF Employer ID
Number