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

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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