the proposed business name is queried, carefully review the comments made by
the Legal Officer, this can be seen at the bottom portion of the Search
the name is already reserved or registered, you may have to use another name.
the name is too close to another name, further information may be requested to
clarify the origin of the name.
should draft a letter including your name, the date, the proposed name of the business,
the response to the query and your name and signature. A template of the letter
is available at the Ministry of Legal Affairs.
When was the last time that you opened a business account at a financial institution ?
You were required to produce a list of documents were you not? The banker may have asked you whether you are employed or a business owner.
If your response was an employee then the following are the required documents :
Two forms of Government issued,photo identification,must be valid ;
Job letter ,must not be dated more than 3 months ;
Payslip ,must not be dated more than 3 months ;
Proof of address ,e.g. utility bill ,must not be more than 3 months old .
If the utility bill is not in the name of the applicant ,an authorization letter ,signed by the person whose name appears on the bill . This person must also submit a copy of valid ,Government issued ,photo identification.
When your banker asks you for these documents ,please be reminded that this is in order to comply with Financial Regulations. Your banker will also present you with a number of forms for your review and signature .
About the Author: Antoinette
Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at
Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her
entire Law Practice is based Online using technology. Client meetings are
conducted at mutually convenient meeting points. She has clients in Guyana, St
Vincent, Barbados, the British Virgin Islands and North America. She
specializes in Corporate Law and Anti-Money Laundering Compliance. She helps
clients to start their Online Business Empire.