Choosing a Suitable Business Name…Part 2

This week…3 more tips to choosing your business name. Give It Time Now that you have conducted your brainstorming session(s) and have a long list of possibilities, it's time to review and analyse your results. Go through your list and remove any non-contenders, sort similar names and mark the names that immediately resonate with you. [...]

By |2019-08-19T08:20:09-04:00July 8th, 2018|Business Registration|0 Comments

Choosing a Suitable Business Name

One of the most important and potentially challenging steps of starting a business is choosing a business name. For some, choosing a business name is the first step tackled because it's simple, quick and obvious to the business owner. For others, it's a struggle to identify a business name that truly encompasses the business and [...]

By |2019-08-19T08:20:10-04:00July 1st, 2018|Business Registration|0 Comments

Expanding Internationally???

Expanding a start-up business internationally is a complex and dynamic process. Gaining a deep understanding of the targeted markets, the competition, current local market trends, and the requirements to successfully launch and drive growth lays an important foundation. You are going to need more than a successful product and a great logo to make an [...]

By |2019-08-19T13:26:44-04:00May 7th, 2017|Business Tips|0 Comments

What is a ? Share Certificate ? ?

You’ve come up with a killer business idea; you are itching to get your start-up off the ground as quickly as possible. Thinking about which legal structure to choose won’t be what gets you out of bed in the morning, but it’s important to take some time to think this through. Decisions you make now [...]

By |2019-08-19T13:27:07-04:00January 29th, 2017|Business Registration|0 Comments

The Role & Responsibilities of the Board of Director? & Importance of ByLaws ?

Last week we spoke about the role and responsibilities of the board in business and that these are outlined in the company’s bylaws.  Today we will share with you the importance of having bylaws and what they should address. As a small business you should have a set of written bylaws that designate in advance [...]

By |2019-08-19T13:27:21-04:00January 22nd, 2017|Business Registration|0 Comments

Role of the Corporate Secretary and Director of ? LLC?

Most small businesses that have changed their registration status from sole trader to limited liability ask about the roles of the board in its management.  Today we highlight the role of the Company Secretary and governance guidelines for the board also the Directors. The Corporate Secretary serves as Lead of the Corporate Secretariat and a [...]

By |2019-08-19T13:27:34-04:00January 15th, 2017|Business Registration|0 Comments

Tax Obligation for Business Owners

As an entrepreneur, you are required by law to have a B.I.R. number for your entity whether sole trader, partnership, limited liability or non-profit organization.  Please note there are NO FEES attached to this service offered by the Ministry of Finance except if this task is performed by a third party for the entity such [...]

By |2020-03-27T08:59:56-04:00July 10th, 2016|Business Registration|0 Comments

How do I move from Sole Trader or Partnership to Limited Liability in Trinidad & Tobago..Part 2

As discussed earlier this week, here are the 6 steps to change business operations from a sole trader or partnership to a limited liability as follows: Step 1 Obtain a Notice of Cessation of a Business by a Registered Firm or Individual – Form 9 which can be used by Sole Trader or Partnership Write [...]

By |2020-03-27T08:51:08-04:00May 22nd, 2016|Business Registration|0 Comments

When Should a Sole Trader become a LLC in Trinidad & Tobago…Part 1

A client asked me a few days ago, when is the best time to move from a sole trader to a limited liability and what are the advantages and disadvantages of doing this.   WHEN With the new V.A.T. threshold increased to Five Hundred Thousand Dollars ($500,000), should wait until your company’s annual income is [...]

By |2020-03-27T09:00:25-04:00May 15th, 2016|Business Registration|0 Comments
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