As per discussed in our last anniversary celebration, we shall raise funds for our travel plans and hopefully for something else better. To have the funds be exclusive from our personal accounts, we are to put a company and to open a bank account for it.
In lieu with this, we need to put up around seven hundred peso for the registration of the business name. And around three thousand for Mayor’s permit, Barangay’s Permit, etc.
To achieve this, we first need to decide upon the business name, its owners, the address and location of the company, the exact physical office size is also needed to be accounted for.
Also, if we are to follow the agreed amount of donation per month, amounting to two hundred (200) peso, we could assume these values:
20 individual putting 200 peso per individual per month means 4000 peso per month in total. In a year, that would be 48,000 peso.
Are we ready to do this? Is this not the right time yet? What are your inputs? Comments at the bottom!
Here’s my input
business name: Spiral or South Spiral
its owners: All of us, listed as partners. We could also have a single owner, voted upon, anonymously.
the address and location of the company: For formality issues, I’m offering my place beside my computer cafe. Located at 90 Susano Road Novalcihes Quezon City.
the exact physical office size: 100sqm
count me in.