Did you know?
Companies are registered with the Companies and Intellectual Property Commission, also known as CIPC. The benefits which exist in registering your company in South Africa extend to business name protection, administration and business compliance, financial assistance when needed and of course, tax incentives. CIPC was formerly known as the Companies and Intellectual Property Registration Office or CIPRO until May 2011 when the New Companies Act was established. This changed the way owners of businesses had to register their companies. Going forward no new close corporations or CC’s would be registered but those who were registered as such before May 2011 would remain as CC’s.
If you do not register with CIPC, you will still need to be registered with the South African Revenue Services or SARS as required by law. Registering your company gives your business a legitimacy that customers appreciate and similarly increases their trust in your business.
10 Quick business tips for starting a new business
- Conduct thorough competitor research and keep tracking them throughout your operations.
- Compile a detailed business plan and use this as the blueprint to work against.
- Register your business by using our services.
- Prepare documentation needed for business finance.
- Determine what services you will outsource and which you will be placing on your payroll.
- If you require a premises, find a business broker or real estate agent to assist you.
- Apply for insurance, get at least 3 quotations for business insurance.
- Always ensure you adhere to compliance and regulatory requirements.
- Find a network of entrepreneurs to engage with.
- Ensure you have all your marketing collateral ready including a properly built website.