Business Formats

A Co-operative as a business entity

A co-operative is an independent association of persons who join forces to meet their specific needs through a jointly owned enterprise.
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A partnership as a legal entity

You're either about to start your business, have found that being a one-man show doesn't work anymore or some like-minded business people would like to become part of your business. Whatever the reason, you may decide to enter into a Partnership. The basic definition of a Partnership is an association of between two and twenty people who are contractually bound to one another to operate a joint, profit-generating business. This article breaks down what a partnership is and why it may be an ideal business format.

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Companies and Intellectual Property Commission (CIPC)

The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service. Its main functions include the registration of Companies, Co-operatives and Intellectual Property Rights (trade marks, patents, designs and copyright) and maintenance thereof as well as the disclosure of Information on its business registers, among others. Find out more in this article.

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Getting expert help to start or run your business

When starting your business, there are certain occasions when it's advisable to get professional advice. A lawyer, for example, can explain the conditions of your loan agreements, contracts and leases. On the other hand, entrepreneurs are at times so intimidated by certain processes that they hire professionals when they can actually do it themselves. So how do you know when it's best to call in an expert and when it's okay to do it yourself?

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Ombudsman for Banking Services

The Ombudsman for Banking Services (OBS), also referred to as “the OBS”, resolves individual complaints about banking services and products. We do this in an impartial, independent, confidential and speedy manner. Any bank customer who has a complaint against his or her bank may approach the Ombudsman for Banking Services for assistance. We resolve complaints by investigating matter according to the rules of the OBS. If the matter has not been resolved by negotiation after investigation, a firm decision may be taken. The decision may be in the form of a recommendation or a determination.

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Sole Proprietorship

OneBusGuy.jpgWhen you are deciding what kind of business to open, it's important to have the most appropriate format for practical, legal and tax purpose

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South African Fraud Prevention Services

The Southern African Fraud Prevention Service (SAFPS) is a proudly South African non profit company committed to combating fraud across the financial services industry by providing a shared database to member organisations as well as offering the South African public a means of protecting themselves against impersonation and identity theft. From an initial membership of only two banks, the SAFPS now provides fraud related data to some 65 trusted brands in the South African economy.

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Statutory requirements to register a business

There seems to be so many legal and statutory requirements when setting up a business that sometimes it's hard to know where to start, and whether or not you're doing everything you're legally obliged to do. With the new Companies Act having come in to play, the rules have changed, so let's look at that and go through the steps to getting your business registered.

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The dangers of co-ownership of assets

Many business people are involved in commercial partnerships, and are familiar with their rights and obligations in relation to their partners. However, not ev
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Unlocking the legal issues related to your business

Contracts, tax legislation and other Acts relating to your business can be complicated and getting an attorney to help may be very costly. Of course, there is also the question of whether you even know what your legal obligations are. LawUnlocked provides an online tool that may be able to help you assess what your legal obligations are with regards to various aspects of running your business.

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