Joanne Van Vuuren - Owner
Chartered accountant CA (SA)
“The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented”.
Our statutory services include:
- Registration of new companies with CIPC.
- Company Annual Returns to CIPC to avoid your company being deregistered.
- Members interest changes in close corporations.
- Name changes.
- Director / Shareholder changes.
- Conversion of a close corporation to a Company.
- Amendments to close corporations.
- Share transfers.
- De-registration of companies and close corporations.
Most popular types of business structures:
A sole proprietorship, which is often referred to as a sole trader, is a business structure that is owned and run by one individual.
It is important to note that with a sole proprietorship there is no separation between the owner and the business structure – the business does not have its own legal entity. In practice this means the income of the business is all for the owner, as are the taxes and any liabilities.
A partnership is akin to a coming together of between 2 and 20 people who contractually agree to operate a profit generating business business together. They further agree to split any profits as per their agreement and in proportion to their interests.
In establishing a partnership each partner needs to make a contribution to it and as per a sole proprietorship the partnership is not a separate legal entity, leaving partners generally liable for debts.
Typically the choice for most foreigners setting up a business in South Africa. This type of business structure in South Africa does not place any prohibition on foreign shareholding and only requires one shareholder and one director.
The new Companies Act prohibits a Private Company (Pty) Ltd from offering securities to the public.
Private companies are seen as separate legal entities and as such are taxed in their own right and offer the shareholders protection against liabilities.
“A (Pty) Ltd will require reservation of a company name, the completion of a memorandum of incorporation and written consent of the auditors, if any, to act for the company”.
Contact us for a Free Quote and let us help you register your new business.
Thinking of registering or already established your business? We can help!