Partnership (firm, business name registered by the partners)Trinidad & Tobago
What it takes to form, own and run a general partnership in Trinidad & Tobago, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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The partners are jointly liable for any debts incurred in the course of running the business.
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A business name is the name or style under which any business is carried on, either as an Individual/Sole Trader or as a Partnership/Firm.
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Complete the business registration application and pay the fee
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Partners in a partnership are treated as sole traders and are therefore subjected to the same taxes, based on their share of the income/receipts/profits.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Partnership (firm, business name registered by the partners).
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A business name is the name or style under which any business is carried on, either as an Individual/Sole Trader or as a Partnership/Firm.
- A local company secretary
- Does not apply
- A local registered agent
- Does not apply
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- No
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There is no obligation to file any post-registration documentation otherwise.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Partnership (firm, business name registered by the partners) are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Partnership (firm, business name registered by the partners).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
Partners are treated as sole traders and taxed on their share of the income, receipts or profits; the partnership as a body pays only Green Fund levy (0.3% of gross sales or receipts).
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Partners in a partnership are treated as sole traders and are therefore subjected to the same taxes, based on their share of the income/receipts/profits.
- CFC rules in Trinidad & Tobago
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- The business files a Notice of Cessation (Form 9) with the Registrar (Registration of Business Names Act, s.15), as the registry's FAQ for registered businesses states.
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you must file a Notice of Cessation ( Form 9) of the business with the Registrar (section 15 of the Act).
- Statutory fee
- Not in our records
Every business in Trinidad & Tobago
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Trinidad & Tobago.
Payment and banking services
None of the services whose lists we hold names Trinidad & Tobago. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- Partnership (firm, business name registered by the partners)
- Identifier
- TT-PARTNERSHIP-FIRMA form ISO 20275 does not list.