Do not forget to remember to file your annual returns. I understand that running your company is a huge responsibility. You have deadlines, pressing matters, impatient clients. Your annual returns are due on the anniversary of incorporating the company. You will see the date of incorporation on the Certificate of Incorporation.
There is a time period of 30 days after the anniversary date also called a “grace period”. After this 30 day period elapses, a penalty of $300.00 per month will be incurred. This debt must be satisfied in full before any further Annual Returns can be filed.
The Ministry of Legal Affairs offers a service in Trinidad and Tobago, whereby a director and or corporate secretary will receive an email or SMS text message indicating that the Annual Returns are now due.
Kindly peruse the website of the Ministry of Legal Affairs in Trinidad and Tobago and look for the section with “SMS and Email Sign Up“.
If you run into any difficulties, do not hesitate to contact me:
The applicants sign 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 applicants. 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 applicants 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 a Firm.
At this juncture, the application for Registration by a Firm must be completed and submitted together with the name approval that was previously collected. Details such as the Partnership name, principal place of business, nature of the partnership, full name of the applicants must be included in this form. Only the applicants can sign this form and a copy of photo identification must also be submitted with the application to verify the signature of the applicants. 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 applicants.
A.Sydney is an attorney at law by profession in Trinidad and Tobago. She specializes in AML/CFT/FIU Compliance, Taxation and provides Corporate Secretarial Services.
My 5 year old neighbor asked me if I had to work today,I told her that it was a Saturday and I did not have to go to the office. She then asked me to describe my tasks during the day.I told her that I sat at a desk,used a computer,made presentations. I told her that there were no toys or snacks or nap time. She said she did not like the sound of the office.
I then asked her what type of work she would like to do when she grew up. She told me that she wanted to work in a company selling fried chicken,she called the same name of the place where her mother worked. She was not sure what she wanted to do specifically . She added that she would work and go to school. I asked her to explain,she indicated that by going to school , she would get a better job.
I was shocked. So I engaged her further . I asked her what she would do with the money that she earned from her job . She plainly said “pay bills”. I was mortified. At 5 years old she captured the dilemma of the current struggle. I analyzed her household , her mother worked at the fried chicken company,her grandmother worked at a security firm. Her 17 year old sister graduated from high school and she was at home . I know that it was only a matter of time before she started working on a plantation.
Strange times indeed. I told the 5 year old that she could own the building that housed the friend chicken company, I reminded her that she was smart and could be anything that she wanted to do . She smiled. I extend the same courtesy to you , you were meant for so much more than a job to pay bills . You can rule your destiny.
The author is an attorney at law based in Trinidad.She specialises in AML/CFT and Fraud Risk Management . Website : http://asydneygroup.com.
Start where you are with what you have. Despise not the day of small beginnings. Use the little salary that you currently have to fund your dream.Dreams are expensive. Every month put aside cash to invest in your business.
Learn to cut costs,such as rent ,cell phone bills. Perform a monthly audit to see where your money goes.Then look at ways to spend less. Once the item is in good working condition do not afraid to buy it used. Try not to make excuses as to why you are not living your dreams. You cannot learn business by reading books or watching videos . You must actually start the business. Promote your business and reinvest profits in your own business.
The author is an attorney at law in Trinidad and Tobago and she specializes in Anti Money Laundering and the Financing of Terrorism . See the website http://asydneygroup.com and Instgram @asydneygrouptt WhatsApp 868 484-7778
I am well on my way to reading one book every week pursuant to my new year’s resolution. This week, I am exploring “The magic of Thinking Big by David Schwartz. In one chapter he narrates a story of an irate guest at a hotel who sent a telegram to reserve a room for a single occupant but who came to the hotel clerk requesting hotel room with double occupancy. The customer insulted the clerk threatening to have him fired and questioned his intelligence. The young clerk apologized but declared that he was merely following instructions.
The author was next in line to deal with the clerk but was pleasantly surprised when the clerk greeted him warmly. The author told the clerk that he admired the way that he dealt with the previous customer. The clerk stated that he refused to be infuriated by a customer like that, he empathised with the man and supposed that he was having marital problems and that the man used him as a scapegoat to feel superior. The clerk added that “…underneath he is probably a nice guy, most folks are…”
The author then suggested that we remember this statement the next time someone “declares war on us. He said the best way to deal with situations like this is to let the other person say their piece, then forget about it”.
We have nothing to lose by following this approach. Instead of responding to their insults , especially for those of us who work in the service industry, it is wise to hold our tongue. There is nothing to gain by charging with bitter words. The other person may in fact be experiencing some trying times and may simply want attention. Although you may find that your minimum wage does not pay you enough to take insults, I am sure by the following week that you will forget the exchange of words.
How much of human life is lost in waiting? Do not wait until the timing is perfect. Proceed with your plans . Time waits on no one . Plan and execute. You have to state your intentions to the world and put it out in the universe. It will come back to you. The elements will line themselves up. Everything will fall into place. Start today,baby steps .Do not wait until the time is right. Do not wait for conditions to be favourable,just proceed and they will follow your lead. You have to guide the way ,you will become weary in waiting . Plan ,execute and repeat . Write your plans down for your records and tell your friends about it to remain accountable . Press on.
Training has a major impact on our minds . A young man who was trained in the army will never be the same again. A student who receives training at Law School will analyze everything. Apart from preparing us for a career,training will impact the way that we interact with others. I saw the new Kingsman movie with my best friend and after Eggsy’s home was destroyed he became flustered. Merlin appeared and warned him to “…Remember his training,follow the doomsday protocol ,and then be emotional for a brief moment”. There was so much wisdom in that statement. It is easy to feel overwhelmed when we are faced with difficult times. We can let our emotions rule us, and not ‘feel’ to go to work. Everyone can see that we are upset or sad and this is where emotional intelligence skills are displayed. In this age of ‘unsocial media’ we may post a status or a video that we may soon regret. We have to remember our training. After that,there should be certain steps to take in the event of disappointment. This may include ‘plan B’ or it may include leaving an abusive relationship and returning to your family home. For a fleeting moment,shed a tear. Express your frustrations in a private corner and leave them there. Do not nurse the wounds from a past lover, do not nurture the hate. To do otherwise, is to plant the seeds of bitterness and resentment. This makes life appear grim and unbearable.
The race is not for the swift but for those who can endure. You cannot catch fish, if you do not lower the rod in the water. You can stay in the boat as long as you want, the fish will not jump into your plate. Now is the time to get up, get out and get something done in your life. Stop blaming others for the outcome of your decisions, this is your life. I am the proud guardian of 3 kittens. I have one special kitten, he has developed a system of getting my attention. The kitten has a great sense of time, he knows my bed time, he knows my departure time for work and he knows when I will return. If I leave the house and he did not anticipate that ,he sits on a pile of bricks to get a better vantage point to see my safe return. He sits outside my door on a blue mat that I bought for him. If he does not see me, he sits outside the window , where he can hear the sound of a television or music. He climbs on the rooftop to get my attention and purrs. He is always ready for the sound of the cracking of the door, when I am about to feed him. He always eats first because he is always ready for the opportunity to get my attention first. His brother and sister always eat his leftovers.
This kitten is brilliant. Instead of knocking on the door, he sleeps outside my door. He knows that I have to leave the house at some point. He makes himself comfortable on my step and he waits. How many times in life do we knock on a closed door? When we get no response, we walk away in frustration. This kitten has developed a clever system of getting what he wants. We must do the same, if we want a promotion at our job, we must actively learn what is required for the new position. Go and learn new courses, take up a new language, volunteer on the weekends to gain experience. Do not complain and take no action. If you want a boyfriend or girlfriend, become your own friend first. Discover yourself, question why you drink excessive alcohol, find out your triggers. Improve yourself, when the time is right and a partner approaches you, he or she will complement your life,not complete it. Patience is required to wait for the opportunity to arrive, but while you wait ,you will be busy. Brother Buju Banton said that “opportunity is a scarce commodity” so you have to be prepared when it comes. The universe rewards effort. All the time and sweat that you spend perfecting your craft will return onto you seven fold. As you grow and mature, you will network and someone may open that door that you have been knocking on and invite you inside. You may be asked to provide the password to enter, this password may be a certain skill, or a different language or a certificate that you never bothered to pursue.
This is your life, so make your bed outside the door that opens the way to the opportunity that you seek and improve yourself , while waiting for the door to open. If you become weary, sit by the window, climb on the rooftop, get the attention of the person who has to open the door for you.