What do I need to open a company bank account for a Limited Liability Company (LLC) in Trinidad and Tobago?

Congrats on your Limited Liability Company. Your next step is to open a company bank account. I will discuss all the requirements shortly. While I have your attention, please S.U.B.S.C.R.I.B.E. to my Youtube Channel.

To register your own Limited Liability Company in Trinidad and Tobago, buy my ebook: http://www.amazon.com/dp/B08792YRBP

The general requirements to open a company bank account for a Limited Liability Company are:

1.Certificate of Incorporation;

2. The Incorporation documents, these are Forms 1,4,8,27,

3.Most Recent Annual Returns;

4.Two valid forms of Government issued, photo identification for each director;

5.A utility bill in your name, if the bill is not in your name, you will need an authorization letter from the person whose name appears on the utility bill and a copy of their unexpired Government issued photo identification. I am always telling my clients to get a utility bill in their name. See my YouTube video where I explain the importance of this.

6.A Company Stamp with your registered company name on it.

7.Special letters such as a letter of request, a letter requesting online banking.

8.Cash Flow Projections for three years.

9.Some banks require a Board of Inland Revenue (BIR) number each director and for the conmpany;

10.By-Laws, if applicable.

11.Additional documents such as F.I.U (Financial Intelligence Unit) Registration.

Other documents may be required according to the sector that you operate in.

Hi Hustlers!!!!! I am Antoinette Sydney Attorney at Law! I give FREE Legal Advice, FREE Business Advice and FREE Anti-Money Laundering Training on my Channel!! Subscribe and turn on post Notifications to be the first to see all my videos!

 Email me your legal questions :sydney@asydneygroup.com

My ebooks are available on Amazon! http://www.amazon.com/dp/B08792YRBP

ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO .To work with me, please email me : sydney@asydneygroup.com

Consultation fee is $300 TTD per hour or any part thereof

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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.

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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.

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How to do a Cash Flow Statement ?

There are 2 important aspects of a Cash Flow Projection:

1.An estimation of the total income that the business will receive in 1 month;

2.An estimation of all the expenses incurred by the business in 1 month.

Income

In order to determine the income that your business generates, you should be keeping a great record of all the money that you receive. It can be as simple as having a receipt book or using an excel sheet to list the amount of money earned. It can be more sophisticated by using accounting software or an application on your phone. As a business owner you must keep track of all the cash earned in order to determine how to make improvements to ensure that the business is sustainable.

Expenses

You should also have a well maintained record of the money that you are spending to further the business. You may keep a folder to store all receipts and log the respective sums in it. You may find that some expenses are fixed and are incurred monthly. Some examples of expenses are travelling expenses, raw materials.

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

Website: www.asydneygroup.com

Email: sydney@asydneygroup.com

Consultation fee is $300 TTD per hour.

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

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Call or whatsapp 373-1166

How do you create Cash Flow Projections to open Business Business Bank Account ?

There are two important aspects of a Cash Flow Projection:

1.An estimation of the total income that the business will receive in 1 month;

2.An estimation of all the expenses incurred by the business in 1 month.

For assistance with Cash Flow projections please email sydney@asydneygroup.com

Income

In order to determine the income that your business generates, you should be keeping a great record of all the money that you receive. It can be as simple as having a receipt book or using an excel sheet to list the amount of money earned. It can be more sophisticated by using accounting software or an application on your phone. As a business owner you must keep track of all the cash earned in order to determine how to make improvements to ensure that the business is sustainable.

For assistance with Cash Flow projections call Sydney 868 373-1166

Expenses

You should also have a well maintained record of the money that you are spending to further the business. You may keep a folder to store all receipts and log the respective sums in it. You may find that some expenses are fixed and are incurred monthly. Some examples of expenses are travelling expenses, raw materials.

For assistance with Cash Flow projections call Sydney 868 373-1166

You will basically subtract your expenses from your income to show whether the business is making a profit or a loss.

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.

My ebooks are available on Amazon!

https://www.amazon.com/author/antoinettesydney

ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO

Connect with me: sydney@asydneygroup.com

Website: www.asydneygroup.com

Consultation fee is $300 TTD per hour.

Amazon: https://www.amazon.com/author/antoinettesydney

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

#amlcomplianceconsultant #trinidadonlinelawyer #asydneygroup.com #businessregistration #antoinettesydney #sydneygroup #asydneygroup #trinidad #company #companies #lawyer #caribbean #aml #fiu #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

Connect with me: sydney@asydneygroup.com

Website: www.asydneygroup.com