GOVERNMENT IS “CONSIDERING” changing the law that now requires lawyers to incorporate companies.
Minister of Commerce and Small Business Development Donville Inniss said this provision under the Companies Act had the small business sector “under siege”.
Inniss made it clear he was prepared to face the backlash likely from “some members of the legal profession”, who were paid thousands of dollars for incorporation services.
“I have written to some stakeholders and said to them that the ministry is currently considering the removal of that part of the Companies Act that requires an attorney at law to incorporate a company,” he told a packed meeting of the Small Business Association (SBA) on Monday evening at Bagnall Point Gallery. (SC)
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