Legal Requirement

Legal Requirements
1.Business Name Registration ₱215.00

2.Bureau of Internal Revenue ₱500.00
3.Mayor’s Permit
Requirements:
Business Name Certificate ₱500.00
Barangay Clearance ₱40.00
Police Clearance ₱150.00
Cedula ₱75.00
Sanitary Permit ₱50.00
Sanitary Inspection Fee ₱50.00
Health Certificate ₱100.00
Treasurer’s Certificate ₱50.00
Business Sticker ₱55.00
Garbage charge ₱1,200.00
Business Permit ₱1000.00
Total Requirements Cost ₱3985.00
This will be the legal requirements expenses that need to require in order to
operate the business. The total legal requirements will be ₱7735.00 that will deducted
from the operation in year one.
Table Speedfast Trucking Delivery Services Organizational Cost
Organizational Cost
Articles of Incorporation ₱1000.00
Issuance of Fees ₱1000.00
By law fees ₱510.00
Stock and Book Registration ₱470.00
Table No. Freight- in cost of the business
Freight- In Description Month Projected Cost Annual Total

Expense Cost
Cost of For supplies 4 ₱3,000.00 ₱12,000.00
(delivery) like bond
paper, etc,
(every 3
months)
The proponents will project the freight-in expense in annual total cost with an
amount of ₱12,000.00. It will assume that the cost of delivery will be ₱3,000.00 in every
4 months of delivery. It will be deducted during one year of operation.
Note: The projection of the proponent will increase 2% of freight-in expense in every 2
years.
Table Estimated cost in transportation of equipment, supply and fixture.
Equipment Fixtures Supplies Annual total

transportation transportation transportation cost
Estimated cost ₱20,000.00 ₱15,000.00 ₱3,000.00 ₱38,000.00
The proponents assumed that the annual total cost will be ₱38,000.00. The
estimated equipment transportation will be ₱20,000.00 and fixture transportation will be
₱15,000.00 and supplies transportation will be ₱3,000.00, this will be the estimated cost
of one year only for the business projection.
Table Estimated Projected Cost
Projected Labor Cost

Employee Number Per day Monthly Yearly 13th Month Annual
of Salaries Salaries Pay Total Cost
Employe
e
General 4 550 57, 200 686, 400 14, 300 700, 700
Manager
Accountant 1 400 10, 400 124, 800 10, 400 135, 200
Fleet 1 400 10, 400 124, 800 10, 400 135, 200
Manager
Daily 1 400 10, 400 124, 800 10, 400 135, 200
Operation
Manager
Customer 1 400 10, 400 124, 800 10, 400 135, 200
Relation
Staff
Mechanic 1 400 10, 400 124, 800 10, 400 135, 200
Driver’s 6 350 54, 600 655, 200 54, 600 709,800
Helper
Driver 6 350 54, 600 655, 200 54, 600 709, 800
Janitor 1 350 9, 100 109, 200 9, 100 118, 300
TOTAL SALARY COST 2,730,000 ₱78,000
₱2,940,600
The table show above the projected total labor cost of the business which will be
deducted during one year of operation. The possible total labor cost will be
₱2,940,600.00. It indicates that the manager has a total of cost of ₱700,700.00, the
accountant, fleet manager, daily operation manager, customer relation staff, and
mechanic has the same amount of ₱135,200 each in annual salary cost. The driver and
driver’s helper has the same cost of ₱709,800.00 in their annual salary cost. Lastly, the
janitor has an annual projected salary worth of ₱118, 300.00.
Table Projected Annual Cost of PhilHealth Contribution of Employees
Projected Annual Cost of PhilHealth Contribution of Employees

Employees Number of Employee Employer’ s Monthly Total Annual
Employees s Salary Contribution Contributio Cost Cost
Deduction n
General 4 125 125 250 1000 12, 000
Manager
Accountan 1 125 125 250 250 3, 000
t
Fleet 1 125 125 250 250 3, 000
Manager
Daily 1 125 125 250 250 3, 000
Manager
Customer 1 125 125 250 250 3, 000
Relation
Staff
Mechanic 1 125 125 250 250 3, 000
Driver’s 6 125 125 250 1, 500 18, 000
Helper
Driver’s 6 125 125 250 1, 500 18, 000
Janitor 1 125 125 250 250 3, 000
Total Cost ₱66, 000
The proponents will have Projected Annual Cost of PhilHealth Contribution of

Employees. It can be observe the table above that every employee has a contribution
every month that will be deducted on their salaries together with the contribution of an
employer amounting of ₱250.
Table Projected Insurance Expenses
Projected Insurance Expenses

Number of Monthly Yearly Annual Cost
Truck
Truck 6 ₱2, 000.00 ₱24, 000.00 ₱144, 000.00
Building ₱1, 200.00 ₱14, 400.00
Total Cost ₱158, 400.00
The table indicates above the projected insurance expenses for the truck and
building that has monthly and yearly cost for the coverage insurance with an annual
total cost of ₱158,400.00
Table Projected Advertising Expense
Projected Advertising Expense

Advertisement Estimated Quantity Size Total Expenses
Tool Amount
Flyers ₱5.00 500 4 in ₱2, 500
Television ₱500, 000.00 30 seconds ₱500, 000
Billboard ₱50, 000.00 1 4x4 ft. ₱50, 000
Total cost ₱552, 500
The proponents will have the projected advertising expenses during one year of
operation. The total assumption of advertising expenses cost 552,500.00. This will help
the business to be popular and promoted to its target market.
Table Project Annual Cost of SSS contribution of employees
Employees No. of Employees Employer Monthly Total Annual

employee salary contributio contribution Cost cost
s deduction n
General 4 180 180 360 1440 17,200
manager
Accountan 1 180 180 360 360 4,320
t
Fleet 1 180 180 360 360 4,320
manager
Daily 1 180 180 360 360 4,320
operation
manager
Costumer 1 180 180 360 360 4,320
relation
staff
Mechanic 1 180 180 360 360 4,320
Drivers 6 180 180 360 2,160 25,920
helper
Drivers 6 180 180 360 2,160 25,920
Janitor 1 180 180 360 360 4,320
Total cost ₱99,360
Table Operational Cost
Utilities Description Month Cost Annual Cost

Water Bill for water purposes 10,000 120,000
Electric Bill for electric purposes 15,000 180,000
Total cost ₱300,000

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Legal Requirements

1.Business Name Registration ₱215.00

Table Speedfast Trucking Delivery Services Organizational Cost

Table No. Freight- in cost of the business

Freight- In Description Month Projected Cost Annual Total

Table Estimated cost in transportation of equipment, supply and fixture.

Equipment Fixtures Supplies Annual total

Table Estimated Projected Cost

Projected Labor Cost

Table Projected Annual Cost of PhilHealth Contribution of Employees

Projected Annual Cost of PhilHealth Contribution of Employees

The proponents will have Projected Annual Cost of PhilHealth Contribution of

Projected Insurance Expenses

Table Projected Advertising Expense

Projected Advertising Expense

Table Project Annual Cost of SSS contribution of employees

Employees No. of Employees Employer Monthly Total Annual

Table Operational Cost

Utilities Description Month Cost Annual Cost

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