BUSINESS NAME REGISTRATION:
Definition of a Business Name means the name or style under which any business is carried on, whether in partnership or otherwise. (a.k.a Tading Name)
For more information on Business Names please access the Business Name Act, Chapter 247 of the Laws of Belize Revised Edition 2000 at www.belizelaw.org
FORMATION OF A 250 COMPANY:
Definition of a company is A legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. (http://www.duhaime.org/LegalDictionary/C/Company.aspx)
(SECTION 250 & 251 OF THE COMPANIES ACT)
Definition of an Overseas Company: Companies Incorporated outside of Belize.
Definition : a Limited Liability Partnership is A form of general partnership that provides an individual partner protection against personal liability for certain partnership obligations.