Business Compliance and Post-Registration Services
Business compliance and post-registration services refer to the ongoing tasks and obligations that your business must fulfill after your initial registration to ensure you remain in good standing with government regulations and continue to operate legally.
We, at FilePino, specialize in business compliance and post-registration services in the Philippines. Our comprehensive suite of top-tier services includes:
Business Permit Renewal
We always emphasize the importance of renewing business permits and other special licenses on time as this is indispensable to remain compliant with the government regulations, prevent disruptions of operations, avoid hefty penalties, and enhance your company’s credibility.
Change of Business Name or Trade Name
We understand that a corporate name is the cornerstone of your brand. If your company does not have any other trade names, then it is understood that the corporate name is also its trade name. As you may need, we can also process any change or amendment on the corporate name and the registration, addition, change, and deregistration of a ‘name doing business as’ (DBA) or trade name.
Change of Line of Business or Purpose
We can always cover your legal, technical, and legwork requirements for your planned change of line of business, purpose, or primary activities, e.g., from retail to manufacturing, and ensure that your company is in compliance with the zoning laws, industry regulations, and licensing requirements, which can differ based on the nature of business.
Change of Business Address
Whether your business relocation is within the same or in different cities or municipalities, we can update your business records with all key government agencies, i.e., SEC, BIR, BPLO, barangay, and statutories, for your company to maintain credibility, ensure seamless transactions, facilitate smooth operations, and avoid fines and legal complications.
Update of Statutory Information
We believe that you understand your company’s responsibility of keeping the records with the statutory agencies, i.e., Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Home Development Mutual Fund (Pag-IBIG Fund) accurate and updated to keep the company’s status in good shape and the employees not to have any future issues with their benefit claims, and so we offer our assistance in filing these updates.
BIR Compliances
Apart from tax filing, we also process other transactions with the Bureau of Internal Revenue (BIR), such as but not limited to, ORUS registration, loose-leaf books of accounts, eFPS registration, change in accounting period, additional tax and form types, and additional receipts and invoices, among others. We also process Tax Identification Number (TIN) applications for local and foreign nationals.
Financial Compliance Solutions
We also offer assistance in opening business and corporate bank accounts under the name of the company or business for corporate law compliance, efficient management of payroll and finances, easy payment of taxes, and direct remittance of statutory payments. We also guide our clients in the use of the eFPS, eGOV, and other banking facilities for streamlined business operations.
Business Retirement
We suppose that, in most cases, retiring or closing a business is a painful and difficult decision, but can also be a strategic move, especially if it means relocation to another city or municipality where there is a more promising market. Unlike business registration, it is more complex, complicated, and time-consuming, but our team has all the expertise and experience navigating through business retirement transactions across all government agencies and LGUs.
Special Permits and Other Legal Compliances
With our sister company, Duran & Duran-Schulze Law, we can also provide consultation on legal and corporate matters, draft resolutions and other legal documents, and secure special permits with the concerned government agencies as may be necessary.
Stay ahead, stay legal! Ensure that your business runs smoothly by outsourcing business compliance and post-registration services.
We can help you keep your business compliant with the laws and regulations, prevent disruptions of operations, and avoid hefty penalties.
Expertise and
Experience
At FilePino, we guarantee that our Business Post-Formation Team and liaison officers are updated with the latest regulations, expert in document filings, and experienced in navigating the intricacies of government transactions.
Compliance Monitoring
and Updates
We ensure that all our clients’ filing schedules and deadlines are plotted and monitored to ensure continuous compliance with the corporate laws and regulatory frameworks and keep them on track with the progress of all ongoing transactions.
Risk Management
Solutions
Having dealt with and resolved various compliance issues, we have identified all potential risks and devised strategic risk management solutions to help mitigate issues and avoid hefty penalties before they impact the business.
Holistic Business
Support
With FilePino and its sister companies, you can have access to a full suite of business compliance and post-registration services, including business permit renewal, filings of amendments with the government agencies, and legal assistance.
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Stay compliant with business regulations through our Business Compliance and Post-Registration Services! We help you manage tax filings, renew permits, and maintain corporate governance to keep your business running smoothly.
Business Compliance FAQs
What is Business Compliance, and why is it important?
Business Compliance refers to adhering to the legal requirements and regulations set by the government to operate a business. In the Philippines, it includes complying with tax laws, labor laws, business permits, and other regulatory obligations. Compliance is crucial to avoid legal penalties, fines, or even the closure of your business.
What are the key Post-Registration Services for businesses in the Philippines?
Post-registration services include assistance with business permit renewals, annual tax filings, corporate governance (e.g., maintaining company records and shareholder updates), employee compliance with labor laws, and helping with any changes to business structure or ownership.
How often do businesses need to renew business permits in the Philippines?
Business permits must be renewed annually with the Local Government Unit (LGU) where the business is registered. This renewal process includes paying necessary fees and ensuring that the business complies with local ordinances and regulations.
What are the tax filing obligations for businesses in the Philippines?
Businesses in the Philippines must file and pay taxes regularly, including monthly, quarterly, and annual tax returns. These include Income Tax, Value-Added Tax (VAT), and withholding taxes, depending on the nature of your business. Failure to file on time can result in penalties and legal issues.
What should be done if there are changes in the business structure (e.g., address, directors, or ownership)?
If there are changes in the business, such as altering the business address, updating company directors or shareholders, or restructuring the company, it must inform the relevant government agencies like the Securities and Exchange Commission (SEC) or Bureau of Internal Revenue (BIR) and file the appropriate amendments.
What happens if a business misses a deadline for tax filings or business permit renewals?
Missing deadlines for tax filings or business permit renewals can result in penalties, fines, and delays in operations. It may also cause the suspension or cancellation of business registrations. To avoid these, it is imperative to stay on top of the deadlines.
Do companies need a corporate secretary in the Philippines?
Yes, certain types of businesses, such as corporations, are required to appoint a corporate secretary. The corporate secretary ensures compliance with corporate governance requirements, including the proper documentation of meetings and filing annual reports. We, at FilePino, offer corporate secretary services to ensure you meet all legal obligations.
