How to register a company
CIPC have a website called BizPortal which is intended for people who wish to register their own company. It is not intended for the likes of us who register companies for other people.
They’ve tried to make it simple and we know of a few people who have navigated their way through the process, but most people give up and take the easy way out by contacting us.
Those who succeed in registering their own company often end up paying more for the finished article because they have no idea what a share register is all about, nor what a share certificate should or should not contain. Added to that they don’t have the free first 6 months’ bookkeeping that we offer and, of course, they’ll probably be completely unaware of the statutory obligations of a company, which include three tax returns each year plus a return to CIPC. And Hey! they don’t get a free subscription to my book “16 Steps to Business”
The outcome is often automatic SARS administrative penalties of R250 each month per every outstanding annual tax return and ultimately de-registration by CIPC for non-submission of returns. And they don’t realise that these returns must be submitted even when the company is completely dormant.
It seems to me that if you’re starting a business, you should be focusing on how to launch it and get the turnover up as quickly as possible, rather than waste time and energy saving the R1 980 that it costs to get the job done by professionals.