company Archives

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…

I get numerous WhatApps like these – Hi can you assist to register a constraction canpony or where is the best place to go? Evening i should like to register my company how do I do to go through? Hello hoeveel om te registration Hi my name is Tebogo john M I need ck what r Way’s to follow How do you hep people start a business I wannna know wt ur campany do you can help me by receiving ck certficate Hi ineed to start the business Am will to registere a business Let’s start by acknowledging that this…

When the new Companies Act of 2008 was finally implemented a year later, we could no longer form Close Corporations. But should you convert? The main reason that CCs fell away was that owner managed companies (and a CC is owner managed) became so similar to CCs that the latter became redundant. The prinicipal changes were that an owner managed company: 1) Did not need an audit or an auditor 2) Did not need a company secretary 3) Did not need to draft formal financial statements. Contrast these with a CC which: 1) Does not need an audit, but must…

Many people form a company and start a business without knowing what this really entails. So, here are the basics in FAQ format – What is a company? It is a legal entity (person, if you like) which is separate from those who own it and those who run it. Who owns a company? People, other companies, trusts or other legal entities buy shares in a company and the more shares they own the bigger their “shareholding” in the company. Who runs it? It is the Directors who run the company, not the shareholders. How does one get to be…

I am often surprised to find how little our clients understand their company’s tax and CIPC obligations, so here’s a brief explanation – The terms company and Close Corporation are synonymous in the discussion below. 1) All companies must be registered as tax payers. 2) They are all provisional tax payers and that means they must submit three tax returns each tax year regardless of whether they have traded or not. 3) The 1st provisional tax return is due 6 months after the beginning of the relevant tax year (end August 2016 for a February year end company). This is…

Whether you are just starting a business or have been at it for many years, chances are you need to learn some kick-start lessons either to get you going in the first place or to re-vitalise your company that is, perhaps, becoming stale. Here’s what I did recently – As you will know if you follow me, my partner, Tina, left the practice at the end of October 2014 and took just about all of our clients with her. Those that she didn’t take in October, she gradually managed to extract over the next few months. She was, after all,…

company

How to register a company

Are you ready to start your own business?

Should I convert my CC to a company?

Company basics

How Company Tax Returns and CIPC Returns Work

How to kick start your business