o In the provinces application may be filed with the extension offices of the

O in the provinces application may be filed with the

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o In the provinces, application may be filed with the extension offices of the DTI. The Organizational Plan * Property of STI Page 3 of 8 Partnership o Under the Civil Code of the Philippines, a partnership is treated as juridical person, having a separate legal personality from that of its members. o A partnership with more than three thousand pesos (P3,000.00) capital must register with Securities and Exchange Commission (SEC).
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F0092 Business Forms’ Fees and Taxes Corporation o Corporations are juridical persons established under the Corporation Code and regulated by the Securities and Exchange Commission with a personality separate and distinct from that of its stockholders. o The liability of the shareholders of a corporation is limited to the amount of their share capital. o It consists of at least five (5) to fifteen (15) The Organizational Plan * Property of STI Page 4 of 8 incorporators each of whom must hold at least one share and must be registered with the Securities and Exchange Commission (SEC). o Minimum paid up capital: five thousand pesos (P5,000.00).
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F0092 Designing the Organization 1. Organization structure 2. Planning, measurement, and evaluation schemes The design of the organization will be the entrepreneur's formal and explicit indication to the members of the organization as to what is expected of them. Typically these expectations can be grouped into the following five areas : The Organizational Plan * Property of STI Page 5 of 8 3. Rewards 4. Selection Criteria 5. Training
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