Do not blow up too quickly: Enjoy the entrepreneurial ride

Do not expand to quickly, you may implode. I was contacted by a representative of a local telecommunications service  provider. He tried to convince me to advertise in  the local telephone directory. That way ,he said, I would attract new prospects. At the time I was discussing this proposition with a brilliant business professional. She asked me what I would do with all those incoming calls . She said that I may be overwhelmed and I agreed. The telephone directory also has an online version, the result is double exposure. I carefully considered the advice and I told the representative that I may contact him in the next 5 years.

I have been binge watching comedy series from the 80’s and 90’s. While watching an episode of “Sister,Sister” Lisa started a business, she made dresses and offered them for sale. Her first customer bought a dress and Lisa felt invincible. She started planning to attract new customers. She called the media houses and asked for quotations to place advertisements. She was advised by Ray that she should take it slowly and not expand too quickly. Lisa placed the advertisement and the same client came knocking on her door.Ray answered the door and gave the first customer a full cash refund and accepted the dress that she wanted to return. He hid the dress that was returned in order to protect Lisa’s feelings. Lisa was upset when she discovered the truth but she was determined to bring her dream to pass. She realised that she needed to conduct the business on a small scale then ,eventually she would expand.

I recalled a conversation with one of my clients , he indicated that equipment should not be purchased unless a contract was secured. He said that a business must be gradually expanded , creep then walk.

I want to appeal to you ,although you may be ambitious, life will knock your socks off. Be patient, trust the process. Do not take loans to acquire equipment if it seems that work is not forthcoming. The equipment has a minimum of 6 months warranty. In the event that you do not get any clients, you will not have cause to use the equipment and detect any flaws. The warranty may expire before you get a client. You will then have to pay to repair or replace the equipment. Should you decide to sell the equipment, you will lose money because of depreciation.

Remember success is 1% inspiration and 99% persistence , so please learn as much as you can, acquire contracts then expand,in that order.

About the Author:

Hi Hustlers!!!!! I am Antoinette Sydney LLB LEC CAMLFC CFRMP Attorney at Law Bar No: SYA2015211!

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 ChannelSubscribe and turn on post Notifications to be the first to see all my videos!

 Email me your questions : sydney@asydneygroup.com

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

To work with me, please email me : sydney@asydneygroup.com

Contact: http://www.asydneygroup.com/contact.html

Website: http://www.asydneygroup.com/

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

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

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

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

Youtube: http://www.youtube.com/c/AntoinetteSydney

 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.

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 Register a Limited Liability Company in Trinidad and Tobago ?Trinidad Online Lawyer

Registering your limited liability company with the Companies Registrar has many benefits. Once you obtain the Certificate of Registration, a bank account can be opened in respect of the company and the company can enter into contracts.

There are 2 steps to incorporate a limited liability company in Trinidad and Tobago namely:

  1. Name Search and Reservation
  2. Incorporation documents

S.U.B.S.C.R.I.B.E. to my Youtube Channel

These will now be discussed in turn.

  1. Name Search and Reservation

This form has to be submitted to Registrar of Companies along with the necessary filing fee. The desired name for the company as well as two (2) alternative names must be included in the form. These alternative names will be considered in the event that the desired company name has already been registered or reserved. Once the name is reserved, the applicant has 28 days to complete the registration process. The applicant has to sign at the bottom of the Name Search form, an incorporator (attorney at law, accountant or specialized incorporator) can sign for and on behalf of the applicant. In the event that the proposed name and the two alternatives are rejected by the Registrar, a new name search must be filed. The Registrar may reject a company name for the following reasons :

(i) names prohibited by the Companies Act;

(ii) names similar to those already registered or;

(iii) a combination of general words that lack distinction or

(iv) names that are misleading to the public.

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You will learn the following by purchasing this amazing book:

  • What is a Limited Liability Company?
  • What are the Benefits of Incorporating a Company?
  • What are the steps to incorporate a Limited Liability Company in Trinidad and Tobago?
  • How much does it cost to Register a Limited Liability Company in Trinidad and Tobago?
  • How to complete the Form 25 also called the Name Search?
  • How to complete the Form 1 also called the Articles of Incorporation?
  • How to complete the Form 27 also called the Notice of Secretary?
  • How to complete the Form 4 also called the Notice of Directors

It is wise to be specific in stating the type of services that will be offered by your company. The Registrar can request that the applicant clarify any difficulties with the proposed name by putting a query on your application. At that point, the applicant will then satisfy the Registrar’s request by writing a letter explaining why the particular name was chosen. After filing the Name Search in the appropriate form, the applicant has to return to the office of the Companies Registrar in five to seven working days to collect the response. The date for the applicant to return will be stamped on the receipt collected after the fees are paid to the cashier. If the company name is approved, the applicant can move on to the second step, that is the incorporation documents.

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  1. Incorporation documents

The Notice of Secretaries is usually filed as part and parcel of the incorporating documents. The Board of Directors will usually appoint the Corporate Secretary, a director can also act as a Corporate Secretary. The Corporate Secretary will ensure that the company complies with statutory requirements as well as ensuring that the annual returns are filed on time. Caution should be exercised in selecting a Corporate Secretary since this person can sign the documents to dissolve the company.

Once these incorporation documents are prepared and signed, an officer at the Companies Registry will review it briefly and then direct the applicant to the cashier. The applicant will pay the relevant fees and the cashier will prepare a receipt and stamp the date for the Certificate to be collected. Usually five to seven working days, may be longer. If there are further queries by the Registrar, these will have to be satisfied.  Once the applicant returns on the stamped date, and the Certificate is produced it can be collected.

Hi Hustlers!!!!! I am Antoinette Sydney LLB LEC CAMLFC CFRMP Attorney at Law Bar No: SYA2015211!

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 ChannelSubscribe and turn on post Notifications to be the first to see all my videos!

 Email me your questions : sydney@asydneygroup.com

Bookings: https://antoinettesydneytt.as.me/

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

To work with me, please email me : sydney@asydneygroup.com

Contact: http://www.asydneygroup.com/contact.html

Website: http://www.asydneygroup.com/

Amazon ebooks: 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: http://www.youtube.com/c/AntoinetteSydney

 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.

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

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All about Annual Returns in Trinidad and Tobago: Do not incur a penalty each month for failing to file this document

Congratulations on registering your limited liability company. Please be gently reminded that there a few post-registration considerations such as tax compliance, AML/CFT 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 three 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.

ABOUT THE AUTHOR:

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!

 Email me your 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

Bookings: https://antoinettesydneytt.as.me/

Website: http://www.asydneygroup.com/

Amazon ebooks: 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: http://www.youtube.com/c/AntoinetteSydney

 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.

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

#annualreturns #company #faith #legalaffairs #businessowner #entrepreneur #incorporator #sydney #trinidad #lawyer #million #millionaire #businesregistration #mla #listedbusiness #success #asydneygroup.com