Personal Finance South Africa

Registering a company vs trading as a sole-proprietor in South Africa


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Rateweb | Many South Africans are faced with a dilemma of choosing whether to register a company with the Companies and Intellectual Property Commission or starting a Sole Proprietorship.Truth is, with the new companies act of 2008, the government is trying to convert close corporations and sole proprietorships to companies. That doesn’t disqualify the formation of sole proprietorships.Let us first understand what comprises a company and a Sole Proprietorship.We will then know what form of en...
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Personal Finance South AfricaBy Rateweb