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The main advantage to an LLC is in the name: limited liability protection. Owners personal assets can be protected from business debts and lawsuits against the business when an owner uses an LLC to do business. An LLC can have one owner (known as a member) or many members.
A Jamaica Limited Liability Company (LLC) is governed by the Companies Act of 2004. The LLC has a perpetual life like a corporation. Its members enjoy limited liability as their legal exposure is limited to the amount owed on outstanding shares. In essence, the LLC is a cross between a corporation and a partnership.
The Jamaica limited liability company (LLC) A Jamaica LLC must appoint at least one director and one shareholder, who can be of any nationality. The minimum paid-up share capital required to complete the incorporation process is US$1.
Non- residents of Jamaica are required to obtain the permission of the Ministry of Labour prior to engaging in any gainful venture or form of employment. An Attorney-at-Law can help you start doing business in Jamaica by: Incorporating your company. Obtaining a taxpayer registration number.
The Business Registration Form (BRF1) a.k.a. Super Form The provision of the directors and company secretary details are now mandatory at incorporation. The person declaring the accuracy of the information submitted on the form.
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REGISTRATION. No need to come into the office, register your business anytime and anywhere you please with our new online registration portal.
The purpose of an LLC, or a limited liability company, is to shield the business owner from personal liability for the companys debts. Most states allow residents, individuals who live outside the state or country, other LLCs, corporations, pension plans, and trusts to serve as LLC owners.
WHAT YOU NOW NEED WHEN REGISTERING A BUSINESS NAME. The Business Registration Form (BRF 1) Super Form. A document verifying the proprietor/s current place of address (verification can be made by way of a drivers license, passport or utility bill) For all transactions a TRN for the proprietor/s must be supplied.

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