it consist of two or more persons

to contribute money, property or industry

to share profit and loss

Register the business name with the DTI

Have the partnership agreement notarized

and registered with SEC

Obtain a TIN for the partnership from BIR

Obtain pertinent municipal licenses from the local government

Obtain the VAT or non-Vat number from the BIR and

Register book of accounts and the business forms to be used with the BIR