My simple answer is NO!!

Why? Because if you need to ask that question, you are not ready for the obligations that come with companies.

Here are some of them with approximate costs.

Cost of company R600

Beneficial Ownership Return within 10 days of registration R2 000

Bookkeeping from R7 000 per year

3 tax returns a year R4 000 to R6 000 per year

Beneficial Ownership and Annual returns to CIPC R4 500 per year

Then you decide to shut the company down. Cost about R13 000 plus all the outstanding returns.

Rather spend R460 on my book “16 Steps to Business”. You will find it here https://www.16steps.co.za