There are a few things more exciting than registering a new company. There are also few things fraught with less risk, and with fewer pitfalls. This is common knowledge to all entrepreneurs – right from the point of inception for a business.
What isn’t so clear from the start are the statutory requirements for all businesses – the rules of legal compliance in South Africa. These legal regulations apply to every stage of business – from setting up a business and doing business, right through to dissolving a business. One of the first pitfalls to avoid in business is ensuring that your new company is 100% legally compliant from the get-go, and that starts with correct, legally compliant registration.
To help you start off on the right footing, here are the basics of registering a new company:
Registering a new company clearly involves more than just a name registration, but the process is simplified through the assistance of professional business, financial and tax consultants – ideally provided by a single consultancy.
TAT can assist from the first thought of your new company. Financials are of utmost importance for any new company and getting the registration, statutory regulations and financials done by a professional from the company inception will give you time to focus on what you do best, your business.