First time business owners ask me this question often. It is possible to use your home address as your business address.
Buy my eBook now to learn how to Register your Own Small Business in Trinidad :https://gum.co/emvCA
There are four considerations in deciding whether to use your home address as your business address.
1.Utility Bill;
2.Public Records;
3. Safety;
4.Office address.
I discuss all these considerations in my latest Youtube video.
S.U.B.S.C.R.I.B.E to my Youtube Channel.
Hi Hustlers!!!!! I am Antoinette Sydney Attorney at Law!I help you register your business and open your business bank account. I give FREE business TIPS and FREE Anti-Money Laundering (AML) Training on my Youtube Channel.
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I am a Certified Professional in the following areas: Taxation; Corporate Training; Anti-Money Laundering and Financial Crimes; Fraud Risk Management; Graphic Design. _______________________________________________________________
Hi hustlers! I explored 5 benefits of a Sole Trader business in my latest Youtube video. S.U.B.SC.R.I.B.E.
Buy my eBook now if you want to learn the difference between a Sole Trader and a Limited Liability Company in Trinidad and Tobago for only $19.99USD https://gum.co/XSBCN
These benfits are :
Control;
Easy to Register;
Easy to De-Register;
Easy to upgrade to a Limited Liability Company; Buy my ebook to learn how to complete the forms correctly to upgrade from a Sole Trader to a Limited Liability Company :https://gum.co/qxbBF
Simple Structure.
S.U.B.S.C.R.I.B.E.
Hi Hustlers!!!!! I am Antoinette Sydney Attorney at Law! I help you register your business and open your business bank account. I give FREE business TIPS and FREE Anti-Money Laundering (AML) Training on my Youtube Channel
Subscribe and turn on post Notifications to be the first to see all my videos!
I am a Certified Professional in the following areas: Taxation; Corporate Training; Anti-Money Laundering and Financial Crimes; Fraud Risk Management; Graphic Design. _______________________________________________________________ #antoinette #sydney #trinidad #business #ideas #registration #llc #incorporation #entrepreneurs #trinidadonlinelawyer #aml #amlexpert #consultant #antimoneylaundering
How to dissolve a Limited Liability Company in Trinidad and Tobago
File an application with the Registrar of Companies that will state the name of the company, the company registration number, the reason for dissolving the company among other things. The application must be signed by 2 directors or the Corporate Secretary of the company.
Get my ebook on Amazon for only $9.99USD. Professionals charge high fees to dissolve limited liability companies. With this ebook…you can do it yourself.
Closing down a Limited Liability Company in Trinidad is a complex process. There are employees involved as well as creditors. It is possible that after the Pandemic in 2020, many business owners will close down their limited liability companies. A company may be dissolved because of irreparable damage to reputation or accruing penalties for failure to file Annual Returns.
Subscribe to my Youtube Channel for videos on business/law/anti-money laundering
The process to close down a company takes a minimum of 6 months. The notice of application is advertised in the Gazette and persons who are owed money may get involved.
After the application to dissolve the company is filed , a new company can be formed . The new name cannot be the same as the name of the company that was dissolved. It can be close but the records will show that your proposed name is already reserved. After the dissolving process is completed, the name will become available again.
Thanks for reading!
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. 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.
My ebooks are available on Amazon!
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
POCA is an acronym for Proceeds of Crime Act.This Act declared money laundering as a criminal offense and established procedures to facilitate the confiscation of the proceeds of all indictable offenses .
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. SHE IS A LECTURER AT THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
Sole Traders do not need to file annual returns. Annual Returns are reserved for Limited Liability Companies and Non Profit Organisations.
The Sole Trader is the sole person trading in the business. It is really the individual who is trading as a business name.
Hi Hustlers!!!!! I am Antoinette Sydney Attorney at Law! I help you register your business and open your business bank account. I give FREE business TIPS and FREE Anti-Money Laundering (AML) Training on my YouTube Channel.
Subscribe and turn on post Notifications to be the first to see all my videos!
The content herein is provided for informational purposes only and NOT for the purpose of providing legal advice. You should contact your attorney at law to obtain advice with respect to any particular issue or problem.
I am a Certified Professional in the following areas:
Your million dollar business idea is one problem away. If you are looking for an idea to start a business, look around at problems that you face. Is there a way to improve it or make your life easier?
Make a note of things that you can create based on current needs . Look at the billionaires of our time . They have created immense value by improving communication through technology. The identified a need and invented solutions that are constantly updated and improved
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. SHE IS A LECTURER AT THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
If 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 Results.
If the name is already reserved or registered, you may have to use another name.
If the name is too close to another name, further information may be requested to clarify the origin of the name.
You 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.
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CHECK OUT MY YOUTUBE CHANNEL!!
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. SHE IS A LECTURER AT THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
1.The ability to open a bank account in the name of the business;
2.The ability to apply for loans, there will be a record of your deposits and withdrawals from your business bank account;
3.Ease of doing business with suppliers;
4.Creates the appearance of a legitimate business with customers;
Subscribe to my Youtube
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. SHE IS A LECTURER AT THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
The penalty for late filing of Annual Returns in Trinidad and Tobago is $300.00 TTD . This penalty is imposed 30 days after the anniversary of the incorporation date of the company and an additional $300.00 will be payable for every month that the annual returns remains outstanding
S.U.B.S.C.R.I.B.E. to my YouTube channel!
The amnesty to file outstanding Annual Returns with the Registrar of Companies has been extended from August 30th 2019 to 31st October 2019.
Congratulations on registering your limited liability company. Please be gently reminded that there a few post-registration considerations such as tax compliance, AML/CFT/FIU compliance for listed businesses and the filing of annual returns with the Companies Registrar every year.
Importance of an Annual Return
An Annual Return is critical to a company since this document presents a correct, updated reflection of the company’s state of affairs. This documents presents an up to date snapshot of all directors and officers of the company, share capital as well as company debts. Once this document is filed at the Companies Registry, this information will be registered with the Registrar. When conducting company business, banks and other stakeholders will request the most recent Annual Returns. From this document all present company officers and company debts can be discerned.
When should a Company file an Annual Return?
The law states that a company should file an Annual Return no later than 30 days after each anniversary date of its continuance, incorporation or amalgamation at the Companies Registrar.
What happens if a company fails or refuses to file an Annual Return?
Where a Company fails or refuses to file a document with the Registrar within the time specified in the Act, the Registrar shall be entitled to collect from that Company a penalty of one hundred dollars ($300.00) for every month or part thereof.
The Companies Act of the Republic of Trinidad and Tobago requires companies to file an Annual Return every year even if the company has not been trading. In accordance with Section 194 (1) of the Companies Act of the Republic of Trinidad and Tobago, each company must file an Annual Return no later than thirty (30) days after each anniversary date of incorporation in the applicable form. At any point, the officers of the company can change directors, corporate secretaries, issue shares or acquire loans and these changes must be captured in the Registrar’s records of the company.
The following must be updated in the Annual Returns:
(a)Name of the Company
(b)The Registered Office of Company
(c) The Anniversary date of the Company
(d) Share Capital
(e)Authorized Share Capital
(f) Details of the persons holdings shares in the company
(g) The Total amount of indebtedness of the company (loans, mortgages, charges)
(h) Updated details of all directors of the company
(i) Updated details of corporate secretaries
(j) Signature of the corporate secretary or the director
Disclaimer
The content herein is provided for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney at law to obtain advice with respect to any particular issue or problem.
Hi Hustlers!!!!! I am Antoinette Sydney Attorney at Law!
I help you open your business bank account and I sell ebooks showing you how to register your own business in Trinidad and Tobago. I give FREE business TIPS and FREE Anti-Money Laundering (AML) Training on my YouTube Channel! Subscribe and turn on post Notifications to be the first to see all my videos!
The content herein is provided for informational purposes only and NOT for the purpose of providing legal advice. You should contact your attorney at law to obtain advice with respect to any particular issue or problem.
I am a Certified Professional in the following areas:
The content herein is provided for informational purposes only and NOT for the purpose of providing legal advice. You should contact your attorney at law to obtain advice with respect to any particular issue or problem.
I am a Certified Professional in the following areas:
Taxation;
Corporate Training;
Anti-Money Laundering and Financial Crimes;
Fraud Risk Management;
Graphic Design.
Disclaimer The content herein is provided for informational purposes only and NOT for the purpose of providing legal advice. You should contact your attorney at law to obtain advice with respect to any particular issue or problem.
There are two steps in registering a business as a sole trader in Trinidad and Tobago namely:
Application for Name Approval/Name Reservation , this costs $20.00 TTD and;
Preparing and filing the Application for Registration by an Individual, this costs $220 TTD.
Buy mt eBook now to Register your own Sole Trader Business in Trinidad and Tobago: https://gum.co/emvCA
To learn how to correctly complete the forms to upgrade a Sole Trader to a Limited Liability in Trinidad and Tobago, buy my ebook for $19.99USD. https://gum.co/qxbBF
1.The Name Approval / Name Reservation includes the applicant’s name, address, contact information, the proposed name of the business and the nature of the business.
S.U.B.S.C.R.I.B.E. to my Youtube Channel
The applicant signs the bottom of the form, however an incorporator, accountant or attorney at law can sign for and on behalf of the applicant only with respect to the Application for Name Approval.
The relevant fees are paid to the cashier and the receipt is stamped with the date of return for the applicant. This is usually five to seven working days. If the Registrar has an issue with the proposed name, a query will be placed on the application. When the applicant returns to collect the name search results, the query must be satisfied in writing. In the event that there are no queries, the applicant will collect the name approval and proceed the next step.
2.Preparing and filing the Application for Registration by an Individual.
At this juncture, the application for Registration by an Individual must be completed and submitted together with the name approval that was previously collected. Details such as the business name, principal place of business, nature of the business, full name of the applicant must be included in this form. Only the applicant can sign this form and a copy of photo identification must also be submitted with the application to verify the signature of the applicant. The relevant fees are paid and the cashier issues a receipt with the stamped date for the applicant to return, usually five to seven working days. Once this application is approved, the certificate will be produced and ready for collection by the applicant.D
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. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
