Sole Trader vs Limited Liability Company in Trinidad and Tobago

Do you want to register a business in Trinidad and Tobago but you are not sure if you should register a Sole Trader or a Limited Liability Company?

Order my eBook now for only $19.99 USD to learn everything that you need to know:

What are the differences between a Sole Trader Business and a Limited Liability Company?

•What is a Sole Trader Business?

• Benefits of registering a Sole Trader Business;

• What are the Advantages vs Disadvantages of Sole Trader Business?

•How to complete the Name Search Application?

•How to complete the Application for Registration by an Individual?

 •What to do if the Business name is Queried?

• What to do if the name is Declined?

 •How much does it cost to register a Sole Trader?

•How long does the process take?

What are the requirements to open a Sole Trader Business Bank Account?

• What is a Limited Liability Company?

• What are the advantages and disadvantages of a Limited Liability Company?

• How to complete the Name Search (Form 25)

• How to Complete Form 1

• How to complete Form 27

• How to complete Form 4

• How to complete Form 8

• When will the Certificate of Incorporation be ready for collection?

• Cost to Register a Limited Liability Company in Trinidad and Tobago

• How long does the process take?

• Requirements to Open Your Company Bank Account.

You will also learn how to correctly complete the forms to register your Sole Trader Business and your Limited Liability Company.

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! Email me your questions :

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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.

I am a Certified Professional in the following areas:


Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Are you closing down your company because of the Pandemic? Get my ebook

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.

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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!


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Consultation fee is $300 TTD per hour.



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I am a Certified Professional in the following areas:


Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

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