Name Verification Slip: Your Business’s First Legal Step

Did you know that 30% of small businesses in the Philippines face delays in registration due to name conflicts? Imagine spending weeks preparing your business launch, only to discover your dream name is already taken. That’s where the name verification slip comes in—a simple yet critical document that can make or break your entrepreneurial journey. Whether you’re registering a sari-sari store or a tech startup, this slip from the Department of Trade and Industry (DTI) is your golden ticket to securing a unique business identity. Let’s dive into why this unassuming piece of paper is more powerful than you think.

What Is a Name Verification Slip?
Why Is It Non-Negotiable?
Step-by-Step: How to Get Yours
5 Costly Mistakes to Avoid
Online vs Offline: Which Is Better?
How Long Is It Valid?
Can You Reserve Multiple Names?
What to Do After Verification
Real Business Success Stories
DTI Officers’ Insider Tips

What Is a Name Verification Slip?

A name verification slip (often called a DTI name slip) is an official document issued by the DTI confirming that your proposed business name is unique and available for registration. Think of it as a “name reservation” for your brand—similar to how you’d reserve a username on social media. Without it, you risk legal conflicts or being forced to rebrand later. The process involves checking against thousands of registered names nationwide. For example, “Juan’s Carinderia” might sound original until the system reveals 42 existing variations! Pro tip: Always have 3-5 backup names ready. Need inspiration? Check out how Ben Chan built a brand empire through strategic naming.

Ready to secure your business name? Start Your Verification Now →

Why Is It Non-Negotiable?

Skipping the business name verification process is like building a house without a title—it might stand temporarily, but legal storms will eventually tear it down. Consider Maria, a baker who opened “Sweet Delights” without verification, only to receive a cease-and-desist letter six months later from a chain with the same name. Beyond legal protection, this slip is required for:

Bank accounts: No slip, no business account.
Permits: Barangay clearance and mayor’s permits require it.
Online platforms: Lazada and Shopee sellers need verified names.

Fun fact: The DTI processes over 5,000 name verifications monthly—proof of its critical role in PH entrepreneurship. For financial readiness, pair this with a TIN ID to streamline transactions.

Step-by-Step: How to Get Yours

Obtaining your name verification slip is simpler than you think. Here’s your foolproof guide:

Prepare: Choose 1-3 name options (max 40 characters).
Check availability: Use the DTI BNRS portal.
Register: Pay the ₱200 fee via GCash or bank.
Download: Print your slip immediately.

Pro tip: Avoid names with “corporation” unless registered as one. One entrepreneur learned this the hard way when his “Tito’s Corporation” was rejected for misleading legal status. For more government process hacks, explore our Pag-IBIG online guide.

Frequently Asked Questions

1. How long does name verification take?

Online applications are processed instantly if names are available. Offline submissions at DTI offices may take 1-2 working days. Delays usually occur due to name conflicts or system maintenance.

2. Can I use the slip for multiple businesses?

No—each business entity requires its own name verification slip. However, you may register multiple trade names under one owner, each with separate slips.

3. What if my preferred name is taken?

Modify it creatively (e.g., add your location—”Mang Juan’s Siomai – Quezon City”). The DTI allows slight variations if the core name isn’t trademarked.