The Registration of Business Names Act Cap 317 provides for the registration of firms and persons carrying on business under business names, and related matters.
Subject to the Registration of Business Names Act:
- every firm having a place of business in Barbados and carrying on business under a business name which does not consist of the true surnames of all partners who are individuals and the corporate names of all partners who are corporations without any addition other than the true Christian names of individual partners or initials of such Christian names;
- every individual having a place of business in Barbados and carrying on business under a business name which does not consist of his true surname without any addition other than his true Christian names or the initials thereof; and
- every individual or firm having a place of business in Barbados, who or a member of which, has either before or after the passing of the Act changed his name, except in the case of a woman in consequence of marriage, shall be registered in the manner directed by the Act.
Under the Registration of Business Names Act, where a firm or individual ceases to carry on business, the partners of that firm or the individual proprietor, or his personal representative (if he is deceased) must within three months after the business has ceased to be carried on, give the Registrar of Companies notice in the prescribed form that the firm or individual has ceased to carry on business.
On receipt of such notice the Registrar shall remove the firm or individual from the register of business names.
Any person whose duty it is to give such notice and fail to do so shall be liable on summary conviction to a fine of BDS$96.00.
On the termination of a business the partners or individual proprietor will be liable to pay all taxes due from the firm of individual proprietor and to settle all debts.