• Lack of case law: LLCs are a new concept of business structure, so there is a lot of case law and it is very important for predictability. For example, if you know a court has ruled a certain way you can act accordingly to protect yourself, but because there are few cases of law there is greater vulnerability which can cause great liability. • Transfer Fees: Share transfers for LLCs not listening to the Trinidad and Tobago Stock Exchange are subject to stamp duty payable to the Board of Inland Revenue on an ad valorim basis at the rate of $5.00 per $1000. At the time of transfer to a nominee incurs a flat stamp duty of $25.00. As a result, shares listed on the stock exchange can be transferred without stamp duty unless they comply with the rules of the stock exchange, and will have to pay an event tax equal to 5% of the market value of the stock.