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DTI Form for Partnership

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APPLICATION FOR CORPORATION/PARTNERSHIP/COOP. AND OTHER JURIDICAL ENTITY

Republic of the Philippines
Department of Trade and Industry

BTRCP FORM NO. 16B

Please read instruction/requirements at the back before filling up application

Certificate No.:

Date Registered:

Expiry Date:

TRN No.:

NEW RENEWAL

(PLEASE TICK THE BOX FOR THE APPROPRIATE APPLICATION FOR REGISTRATION OF A FIRM OR BUSINESS NAME OR STYLE UNDER ACT NO. 3883, AS AMENDED)

(TO BE ACCOMPLISHED IN DUPLICATE)

(To be filled up by DTI Examiner)

1. IDENTIFICATION FOR RENEWAL ONLY

a. DATE OF ORIGINAL REGISTRATION

b. DATE LAST REGISTERED

c. CERTIFICATE NO. (Last Registered)

d. BUSINESS ADDRESS (last Registered/Reported) ZIP

2. OWNER/REGISTRANT

a. NAME OF CORPORATION/PARTNERSHIP/FOUNDATION/COOPERATIVE

b. TIN

c. DATE REGISTERED

d. BUSINESS ADDRESS

e. CONTACT NOS.

Tel No.

E-mail

f. AUTHORIZED REPRESENTATIVE

g. POSITION

h. AUTHORIZED REPRESENTATIVE’S ADDRESS

i. CONTACT NOS.

Tel No.

E-mail

j. CORPORATE CITIZENSHIP

2.a. Country

2.b. Citizenship

3. FORM OF OWNERSHIP

4. CAPITALIZATION (To nearest thousand Peso)

a. IF CORPORATION

b. IF PARTNERSHIP, OR OTHERS

5. TOTAL NO. OF EMPLOYEES

5. TOTAL NO. OF EMPLOYEES

5. NATURE OF BUSINESS

a. Main Activity

b. PRIMARY PRODUCT HANDLED/SERVICE RENDERED

6. FORMER OWNER OF BUSINESS

a. Business Name

b. Old Certificate No.

c. Method of Acquisition

7. PROPOSED BUSINESS NAME (if Adopted Name)

Has the undersigned been convicted of any crime involving moral turpitude or violation of the law to trade, commerce and industry?

If yes, state Date: Place and Nature of Offense:

(Attach certified true copy of the decision of the court of competent jurisdiction for any crime involving moral turpitude or violation of the law, ordinance or regulation).

UNDERTAKING

I hereby declare that all information supplied in this application are true and correct to the best of my belief and knowledge, and any false or misleading information supplied, or production of materially false or misleading document to support this application shall be a ground for the appropriate criminal, civil and/or administrative action against me.

Further, I hereby commit to abide by the following:

  1. Change and/or cancel the registered business name in the event that there is already another person, firm or entity lawfully using an identical or confusingly similar name;
  2. Comply with the provisions of ACT 3883, as amended and its implementing rules and regulations and other related laws and rules; and
  3. Recognize and accept the authority and power of the Department of Trade and Industry or any of its duly designated representatives or agents to check and monitor compliance of my business establishment with various trade and industry laws and its implementing rules and regulations, and violations of the same shall be a ground for the cancellation of this certificate.

Evaluated by:

Date:

Time:

Verified by:

Date:

Time:

Payment Mode:

Card/Bank Used:

Date:

Time:

Amount:

O.R. No.:

Issued By:

AUTHORIZED REPRESENTATIVE'S SIGNATURE

INSTRUCTIONS FOR ACCOMPLISHING AND SUBMITTING APPLICATION

  1. Accomplish the application form in duplicate. Type or print completely and clearly, all information required in the forms.
  2. For new application, proceed to box # 2. For renewal, start from box # 1.
  3. Only an incorporator can sign all the forms. If signatory is not one of the incorporators/cooperators/partners, a Board Resolution/Partnership Agreement for the authorized signatory is required.
  4. Submit the following (where applicable) together with the application form to the proper DTI Office where your business is located.

New Application Renewal Application

a. Photocopy of SEC/CDA Certificate of Registration and Articles of Incorporation/Partnership/Cooperation, each page duly certified by the Corporate Secretary or Assistant Corporate Secretary.

b. Board Resolution/Partnership Agreement for the registration of an adopted name or branch with the specific business address

c. If FRANCHISE HOLDER:

c.1. Photocopy of Franchise Agreement, each page duly Certified by the franchisor or franchisee.

c.2. Photocopy of BN Certificate of the franchisor.

d. FOR BULK SALES:

d.1. Affidavit of vendor stating that at the time of sale, he had no creditors or if there were creditor/s, copy of notice to them regarding the sale.

d.2. Deed of sale, assignment or transfer

d.3. Inventory of properties sold, assigned or transferred

d.4. Original certificate of business name registration vendor for cancellation.

a. Same requirement

b. Same requirement

c. Same requirements

e. FOR FOREIGN INVESTOR

e.1. Certified true copy of the certificate of authority to engage in business in the Philippines per RA 7042 issued by the DTI-NCR.

e.2. Certified true copy of latest business permit form the concerned Local Government Unit (LGU).

e.3. Photocopy of Alien Certificate of Registration (ACR) updated for the current year. Present original for comparison.

e.4. Accomplished DTI Form No.17 under RA 7042.

e.5. Current written appointment of Filipino Resident Agent.

e.6. Clearance from other involved agencies such as Department of Science and Technology, PNP, etc.

e.7. In case of alien retailer, current year's permit to engage in retail business under RA 1180.

e.8. Certificate of authority to engage in business in the Philippines from SEC, if the foreign capital investment exceeds 30% of the total capital stock.

ADDDITIONAL DOCUMENTS MAY BE REQUIRED ON A CASE TO CASE BASIS DEPENDING ON ACTUAL EXAMINATION AND PROCESSING OF THE APPLICATION.

Example: If business requires practice of profession - submit photocopy of PRC License and present original copy for comparison, contract of employment if applicable.

SCHEDULE OF FEES

Basic Application fee (New/Renewal)
P 500.00
Documentary Stamps
P 15.00
Surcharge (For renewal of BN beyond 90 days after expiration)
P 100.00
Bulk Sales
P 55.00
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What the DTI Form for Partnership Is and When It Applies

The DTI Form for Partnership collects debt-to-income information and related financial disclosures for a business partnership when evaluating credit, leases, or vendor terms. It consolidates partner-level liabilities, partnership income, and obligations into a standardized worksheet that lenders, lessors, or service providers use to underwrite creditworthiness and assess repayment capacity. When completed accurately, the form helps decision makers compare obligations to reliable cash flow measures. The form is typically shared under confidentiality and may be submitted electronically with an audit trail to document who completed and approved each entry.

Why the DTI Form Matters for Partnerships

A clear DTI Form reduces underwriting delays, centralizes partner financial disclosures, and creates a verifiable record of representations.

Why the DTI Form Matters for Partnerships

Who Completes and Reviews the DTI Form

Typical users include partnership representatives, lenders, and finance professionals tasked with assessing credit risk or provisioning terms.

  • Partnership Representative preparing the financial summary and attesting to accuracy for lender review.
  • Lenders or underwriters verifying DTI calculations, requesting supporting documentation, and deciding credit terms.
  • Accountants or external advisors compiling schedules, reconciling partner draws, and certifying calculations as requested.

Different participants use the same form for review, verification, or archival purposes, each adding required attestations or supporting schedules.

Core Components of a Professional DTI Form for Partnership

A complete DTI Form organizes partner identities, aggregate income, liabilities, and supporting schedules with clear signature and authorization blocks for verification.

Partnership Details

Legal partnership name, business address, Employer Identification Number (EIN), formation state, and primary contact for lender communications.

Partner Roster

Each partner listed with legal name, title, ownership percentage, social security or TIN on request, and contact information for verification.

Income Summary

Partnership gross receipts, net income, and distributions for the reporting period, with line items for recurring and nonrecurring income.

Liabilities Overview

Itemized partnership debts, partner personal guarantees, lease obligations, and monthly payments used to calculate total monthly debt service.

DTI Calculation

Standardized formula showing monthly debt service divided by monthly qualifying income with worked examples and rounding rules.

Authorizations

Consent to third-party verification, signature blocks for authorized partners, and space for lender acknowledgement and date of receipt.

Step-by-Step: Completing the DTI Form

Follow these four steps to prepare and finalize the DTI Form efficiently.

  • 01
    Gather Documents: Collect bank statements, P&L, balance sheets, and tax returns.
  • 02
    Enter Data: Populate partnership and partner fields with verified figures.
  • 03
    Review: Have accountant or partner confirm calculations and attachments.
  • 04
    Sign and Submit: Obtain authorized signatures and deliver to the requesting party.

Typical Electronic Workflow for Submitting the Form

A standard eSubmission process reduces friction and preserves an audit trail for each action taken on the document.

  • Upload: Upload the completed form and attachments to the eSignature platform.
  • Place Fields: Add signature, date, and party-specific fields where required.
  • Send to Signers: Dispatch by email or link to authorized partners and reviewers.
  • Capture Audit Trail: Record timestamps, IPs, and actions to support later verification.

Configuring an Online DTI Form Workflow

Configure basic settings to match your verification and compliance needs before sending the form for signature.

Field Configuration
Authentication Email link or SMS code; use stronger ID methods for sensitive submissions
Reminders Automatic reminders every 3–7 days until signed
Bulk Send Enable when sharing identical forms with multiple partners
Storage Save signed copies to secure cloud repository with versioning

Technical Considerations for Digital Completion

Confirm file formats, signer authentication options, and retention capabilities before eSubmitting partnership financial forms.

  • File Formats: PDF, DOCX accepted
  • Integrations: CRM and cloud storage connectors
  • Authentication: Email, SMS, or advanced methods

Vendor Pricing and Feature Snapshot for eSignature Platforms

The table compares typical vendor pricing and key features for eSignature solutions; confirm current plan terms with each vendor directly.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Practical Tips for Accurate and Efficient Completion

Follow these best practices to minimize errors, speed verification, and preserve evidentiary integrity.

Use source documents
Populate figures directly from bank statements, ledgers, and filed tax returns rather than memory. Attach copies of source documents to the form.
Standardize formats
Use MM/DD/YYYY for dates and standard currency formatting. Consistent units prevent calculation errors and make third-party review faster.
Apply clear authorizations
Include explicit consent for third-party verification and data sharing to avoid delays when lenders contact banks or tax preparers.
Preserve an audit trail
Retain signed copies with timestamps and signer authentication records to support future disputes or compliance audits.

Common Mistakes to Avoid When Preparing the DTI Form

  • Failing to reconcile partner draws with bank statements, which leads to overstated available income and lender follow-up.
  • Mixing annual and monthly figures without converting units, causing incorrect DTI ratios and underwriting delays.
  • Omitting partner guarantees or off‑balance sheet liabilities, producing an incomplete liability profile for reviewers.
  • Using inconsistent names or tax IDs, resulting in verification failures and requests for corrected documentation.

Risks and Consequences of Inaccurate or Incomplete Forms

Loan Denial: Application may be declined
Credibility Loss: Trust with lenders diminished
Contract Liability: Breach claims or indemnity exposure
Regulatory Scrutiny: Increased audit risk
Financial Penalties: Fines for false statements
Data Breach Risk: Unauthorized disclosure penalties

Timing Considerations and Typical Deadlines

Provide the DTI Form when requested by a lender and maintain update and response timeliness to support underwriting and compliance.

Provide on Request:

Submit the completed form when a lender or counterparty requests it

Annual Updates:

Supply updated financials annually or when material changes occur

Verification Response:

Respond to lender verification requests promptly, typically within 30 days

Record Retention:

Retain for IRS minimum of 3 years from filing (IRC §6501(a))

Material Changes:

Amend and re-sign if partnership liabilities or partner status materially change

Key Processing Milestones for a DTI Submission

A typical submission progresses through preparation, submission, verification, and final decision milestones.

01

Preparation

Compile source documents and draft the form

02

Submission

Send signed form and attachments to the requester

03

Verification

Lender confirms figures with third parties

04

Final Decision

Lender issues credit terms or declines

Frequently Asked Questions About the DTI Form for Partnership

Answers to common questions about completing, submitting, and preserving the DTI Form for Partnership.


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