One of the greatest things that a Filipino entrepreneurs think about when starting a business is what to name it. After all, it is one of the first steps in registering your business with the Department of Trade and Industry (DTI) or the Securities and Exchange Commission (SEC).
[related|post]A lot of Filipino businessmen name their businesses after themselves or their family and friends; some even use wordplay and puns in order to grab people’s attention. In choosing names, always remember that the name should describe the nature of your business.
You cannot use a name that has already been registered with the DTI or with other government agencies such as the Securities and Exchange Commission, and the Department of Labor and Employment.
In addition, the law prohibits naming a business or its products using words that are illegal, scandalous and purely generic, and names and styles used by the government in its governmental functions.
You can now register your company\\\'s name easily online via the SEC-iRegister. This is a quick and user-friendly service available to the public. With SEC-iRegister, aspiring entrepreneurs can do the following:
1. Verify the availability of the desired name for corporation or partnership;
2. Reserve the verified name;
3. Accomplish and print the registration online without the need to buy SEC forms.
As for registering your business\\\' name with the DTI, you can also do it online here. The new registration fees for original and renewal are now as follows: Barangay (P200); City/Municipality (P500); Regional (P1,000) and National (P2,000).
For more information about the SEC service, click here. Have questions? You may call the DTI at (02) 751.3330.