How to properly register and set up a business in South Africa
Starting a business in South Africa can be a complex process, but it is also a rewarding one. In order to properly register and set up a business, there are a few key steps that need to be taken. You can make a trademark registration renewal after the whole process of business approval. Business Structure The first step in setting up a business is to choose the appropriate business structure. The most common business structures in South Africa are sole proprietorships, partnerships, and private companies. Sole Proprietorship A sole proprietorship is the simplest business structure and is owned and run by one person. It is easy to set up and has few legal requirements, but the owner is personally liable for all debts and obligations of the business. Partnership A partnership is similar to a sole proprietorship, but it is owned and run by two or more people. Like a sole proprietorship, a partnership is easy to set up and has few legal requirements. However, partners are join...