She stressed that business registration provides legal recognition and protection, access to loans and credit programs that can be used for business expansion, and opportunities to enhance market access through partnerships and franchises.

Other benefits of business registration are entitlement to government support and services, which may include financial assistance, training programs, and access to government contracts, and strengthened consumer confidence since registration signifies accountability, practice of ethical standards, and commitment to operations.

In establishing a business, some of the government agencies owners need to register their businesses with are DTI for single proprietorships, the Securities and Exchange Commission (SEC) for 

Eusores then stressed that all businesses, either traditional brick-and-mortar businesses, or online businesses, unless exempt, are required to register to be able to legally operate.

Trade and Industry Development Specialist Jenny May Tabalanza reminded that business name registration (BNS) is now 100 percent online and can be used for new and renewal registration, and requests for certification.

Business owners only need to access www.bnrs.dti.gov.ph, complete the required fields, wait for the verification code via email, and pay the processing fee via digital wallets or online banking.