Book a Tour

User Icon
Email Icon
Phone Icon
Calendar Icon

Main Content

Sole Proprietorship

Home » Services » Business Registration » Sole Proprietorship

Sole Proprietorship

Register a Sole Proprietorship Company

If you’re an entrepreneur who want to register a sole proprietorship, we can help you process your business permits. Contact us and ask for a quote today.

Register a Sole Proprietorship Company

Inquire Today

Name Icon
Email Icon
Phone Icon
Proposed Business Name Icon
Proposed Business Address Icon
Nature of Business Icon
Number of Owners Icon
Nationality of Owners Icon

By clicking the above button you agree to our Terms of Service
and have read and understood our Privacy Policy.

What is a Sole Proprietorship?

What is a Sole Proprietorship?

Sole Proprietorship is the most basic form of business ownership in the Philippines. The business owner acts as the “sole proprietor” of the operation, with complete ownership of all business assets and liabilities.

Due to the simplicity of the registering a Sole Proprietorship and the minimal requirements for registration, this is a popular option for new entrepreneurs. A Sole Proprietorship is considered single taxpayer entities. The business shares the same Tax Identification Number with the sole proprietor.

Sole Proprietorship vs Corporation

Sole Proprietorship vs Corporation

Unlike other business structures, the framework of a sole proprietorship is relatively simple. This type of business operation forgoes the need for partnerships and a board of directors. The sole proprietor makes all executive decisions. Likewise, all assets and liabilities fall on the shoulders of the sole business owner.

In partnerships, the responsibilities within the business are shared by multiple individuals. In corporations, the personal assets and liabilities of the directors are separate from that of their business.

Advantages of Registering as a Sole Proprietorship

Easy set up. Minimal capital & fees. Total control over your business.