Preview

Bpo Call Centre

Powerful Essays
Open Document
Open Document
20554 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bpo Call Centre
Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).
The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2010. No | Procedure | Time to Complete | Associated Costs | 1 | Verify and reserve the availability of the company name with the Securities and Exchange Commission (SEC)

The availability of the proposed company name can be verified via the SEC's online verification system at no charge. Reservation of the name, once approved by the SEC, costs Php40/month for the first 30 days. The company name can be reserved for a maximum of 120 days for a fee of PHP 120, which is renewable upon expiration of the period. | 1 Day | PHP 40 | 2 | Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit

The company is required by law to deposit paid-up capital amounting to at least 6.25% of the authorized capital stock of the corporation. This paid-up capital must not be less than PHP 5,000. Some banks in Manila charge a fee up to PHP 105 for each certificate of deposit. | 1 Day | No Charge | 3 | Notarize articles of incorporation and Treasurer's affidavit with notary public

According to Section 14 and 15 of the Corporation Code, articles of incorporation should be notarized before filing with the SEC. | 1 Day | PHP 500 | 4 | Register company with the Securities and Exchange Commission

Comments: The company can

You May Also Find These Documents Helpful

  • Better Essays

    Katz, J., & Richard, G. (2011). Entrepreneurial Small Business. In Entrepreneurial Small Business (pp. C-6 - C-8). New York : McGraw-Hill Irwin.…

    • 1280 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    P4 & M2

    • 4018 Words
    • 17 Pages

    For this task I have been asked to describe the legal and financial aspects that will affect start-up of the business…

    • 4018 Words
    • 17 Pages
    Powerful Essays
  • Best Essays

    Links for Business LAW

    • 204 Words
    • 1 Page

    Lee, D. (2005). Starting a business - Part II choosing a business form. Hudson Valley Business Journal, 37.…

    • 204 Words
    • 1 Page
    Best Essays
  • Good Essays

    Course Project Part Iii

    • 767 Words
    • 4 Pages

    In the United States, the public capital markets are regulated primarily by the US Securities and Exchange Commission (SEC), a national government agency. The law gives the SEC the authority to prescribe the form and content of financial statements filed with the Commission. Historically, the Commission has looked to the private sector to develop financial reporting standards, though the Commission does prescribe financial statement presentation formats and disclosures and, sometimes, accounting recognition and measurement principles as well. The SEC oversees more than 30,000 registrants including 12,000 public companies, 4,600 mutual funds, 11,300 investment advisers, 600 transfer agencies, and 5,500 broker dealers. [2008 Data]…

    • 767 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Raising Capital Exercise

    • 1195 Words
    • 5 Pages

    The _____ is transmitted to the prospective issuing firm by the SEC when they have…

    • 1195 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Export Procedure Flow Chart

    • 9322 Words
    • 38 Pages

    Insurance certificate, shipping bill, Mate’s Receipt, Bills of lading, Airway bill, Packing list , customs invoice etc…

    • 9322 Words
    • 38 Pages
    Satisfactory Essays
  • Good Essays

    Money Changer Feasib Plan

    • 562 Words
    • 3 Pages

    The required capital to the business is Php 2,000,000.00 based on the study which the proposed business is found visible. Some of the expenses that will be involved in the operation of the business are office supplies, furniture and fixtures, office equipment, maintenance supplies, rent expense for the building, expenses for the renovation, advertising expense and utilities.…

    • 562 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Term deposit receipt(TDR)

    • 309 Words
    • 2 Pages

    The following papers/documents are to be submitted by the Branch-in-charge along with the deposit proposals:…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Islamic Banking Product

    • 1798 Words
    • 8 Pages

    • A contract made between a depositor "the provider of capital" and the bank "the entrepreneur". • The amount deposited for a stipulated period by the depositor will be used by the bank for investment purposes according to the AlMudharabah principle. • All profits earned will be shared between the depositor and the bank. • This account is eligible to all individuals,…

    • 1798 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    study gide

    • 767 Words
    • 4 Pages

    Capital is the lifeblood of the business for without capital, the business will not be operated. The financial requirement will be financed by owner’s equity. The amount of ₱22,057.00 in the first cycle will be raised through equity financing. The equity capital will be invested at the start of the operation. The ending cash balance of ₱31,269.00 in the first cycle will be used for the operation of the second cycle.…

    • 767 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    BOARD LOT

    • 483 Words
    • 5 Pages

    **If a buying client chooses to be issued and maintain a physical certificate in his/her name, an upliftment/withdrawal fee of P50.00 per certificate issuance request and transfer fee of…

    • 483 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    fact book

    • 620 Words
    • 3 Pages

    Security Deposit – Php50, 000.00 (refundable upon expiration of the franchise agreement with no interest.…

    • 620 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Deposit Mobilisation

    • 7644 Words
    • 31 Pages

    The undersigned certify that he has read and hereby recommend for acceptance by the Institute of Finance Management this report entitled Deposit Mobilization which is partial fulfillment of the requirement for the award of Bachelor degree in Banking and Finance.…

    • 7644 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Incorporation of Company

    • 787 Words
    • 4 Pages

    Where it has been decided to form a Private Company 2 persons and where it has been decided to form a Public Company at least 7 persons shall subscribe their names to a Memorandum of Association and they shall also comply with the other formalities in respect of the registration of the company under the Indian Companies Act, 1956.…

    • 787 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Sample Ambassador Agreement

    • 2373 Words
    • 11 Pages

    these terms and conditions as specifically provided within, henceforth For Ladies Only Party, Inc. shall be…

    • 2373 Words
    • 11 Pages
    Good Essays