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If you are starting a business you have to consider whether to continue as a sole trader or to register a company.

In favour of a sole trader –

  • You already have to submit a personal tax return. If you remain as a sole trader, then you still only submit your own return, but if you register a company, then you have to submit one for the company as well.
  • A company has to submit two annual returns to CIPC and pay their small fee.
  • If you don’t do it yourself you will need to pay for the registration. Currently the CIPC fee is R175 and our fee is an additional R300 (but this is a special 52nd Anniversary offer and will not continue indefinitely).

In favour of a company –

  • If the company is not a personal services or rental company, it can probably qualify as a Small Business Corporation with huge tax benefits.
  • Your customers are more likely to have more confidence in a company than a sole trader.
  • Banks are more likely to extend loans to companies than to sole traders.


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Looking for even more informative content? Check out the books I have written which have proved to be very popular.

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