Business Permit Necessity Explained

Summary

A valid business permit is essential for operating a company in the Philippines, including Silang, Cavite. Compliance with BIR and SEC regulations is necessary but not sufficient. The Local Government Code of the Philippines (Republic Act No. 7160) mandates securing a business permit from the local government unit. Even if a business is not actively conducting operations, maintaining compliance with local government requirements is crucial. A business permit is also required for securing clearance during business closure. For specific local provisions, consult the local government or legal resources.

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**** in the Philippines
Yes, you need to maintain a valid business permit to keep your company operational in the Philippines. Compliance with BIR and SEC regulations alone is not sufficient.
- Business Permit: Required to legally operate your business.
- BIR Compliance: Necessary for tax purposes.
- SEC Compliance: Required for corporate governance.
Do you have any other questions regarding business permits or compliance?
can you please cite a certain law
Sure! Here is a specific law regarding the requirement for a business permit in the Philippines:
- Local Government Code of the Philippines (Republic Act No. *): This law mandates that all businesses must secure a business permit from the local government unit (LGU) where they operate.
Do you need more details on this law or any other legal matter?
there is no actual business but just existence of business
To clarify, if your company is not engaged in any actual business activities but is registered and exists legally, you should still comply with BIR and SEC requirements. However, the need for a business permit may depend on local government regulations and specific circumstances.
Would you like more information on how to maintain compliance in this scenario?
yes, how about in Silang, Cavite
In Silang, Cavite, you must still comply with the local government’s requirements, including obtaining a business permit even if your company isn't actively conducting business. Here are some important points:
- Local Government Code of the Philippines (RA *): Mandates securing a business permit from the LGU.
- BIR Compliance: Required for tax purposes.
- SEC Compliance: Needed for corporate governance.
Would you like more detailed guidance on obtaining a business permit in Silang, Cavite?
can you cite a provision from Silang Cavite revenue code
I don't have direct access to the specific provisions of the Silang, Cavite revenue code. Generally, the Local Government Code of the Philippines (Republic Act No. *) mandates securing a business permit from the local government unit (LGU). Would you like guidance on where to find this information specifically?
is business permit required in securing clearance during closure of business in the philippines
Yes, a business permit is required when securing a clearance for the closure of a business in the Philippines. Here are some important points:
- Local Government Code of the Philippines (RA *): Mandates securing a business permit from the local government unit (LGU).
- BIR Compliance: You need to secure tax clearance from the Bureau of Internal Revenue.
- SEC Compliance: Required for corporate dissolution.
Would you like more details on the specific steps for closing a business?