Maintenance of proper statutory records and filing documents with the Registrar of Companies are all required for statutory compliance but this is only a part of the far wider duties. The duties of the Company Secretary include advice to the directors of their responsibilities imposed by Companies Acts and preparation of all Minutes and other related documentation.
Company Formations – A Comprehensive Service
The easiest way to start a business in SA is to become a ‘sole trader’. This means that only you own the business and you can work alone or employ other people.
You will need to register for ‘self-assessment’ tax, which means you (or your accountant) calculate your own tax.
How to do it? To set up a limited company you need to:
- Have a name and address for the company?
- Register with Companies House?
- Have at least 1 director?
- Have at least 1 shareholder?
- Have articles of association?
- Set up your company for Corporation Tax?
How to do it? With a business partnership you need to:
- Run the business as an individual
- Share profits between partners
- Register for self-assessment with SARS
- Name your business according to certain rules
Estate & Will Planning
Estate Planning is not something that should only be considered by wealthy or retired people. No matter how substantial or modest your possessions and property may be, without proper planning one day there can be complications, ambiguities and high costs for your family and friends. Those with larger estates should obviously be especially sure that their assets are distributed according to their wishes in order to protect their wealth for future generations
Import & Export Licenses
The International Trade Administration Commission of South Africa (ITAC) is part of the DTI group of institutions and is responsible for administering the provisions of the Act including issuing import and export permits.