And interestingly...
There are other businesses specifically offering this service of helping people who want to own businesses but don't know where to start.
And there's a CATCH!
They charge a ridiculous amount of up to R5,000 just to register a company on your behalf and get you all the necessary documents. Honestly, we cannot blame them because they are charging for their services.
Today, you're going to learn about how you can register your company online and get all the documents of your business via email.
Without wasting your time, let's dive right in.
3 Simple Steps For Registering A Company
This guide will teach you exactly what you need to register your business online.
Step 1:
Visit www.cipc.co.za and register an account as a customer, it's as easy as when you registered an account with Facebook.
Step 2:
Log in to your CIPC dashboard, go to the Transact tab, and then select banking details. Fund your account using the given banking details to deposit the R175 amount directly to CIPC.
Step 3:
Still, on your CIPC dashboard, click on "Register a New Company" and follow the steps until the last one. You'll be required to provide 4 name propositions for your company and details of the directors of the company.
Once done, you'll receive a document that you need to sign and send back via email. Print and scan the document all the supporting documents such as your certified ID and proof of residence documents.
When you're happy, send everything to the email address given in the email you received. Send it with supporting documents.
That's it, you're done with your company registration.
Now you can apply for your tax and BEE certifications.
You can also do this:
BBBEE certificate
You can also apply for a BBBEE certificate and other business documents for free on your CIPC account. Remember if you pay anyone to do it for you, they are charging you for their services, so it’s really better you do it yourself.
Business bank account
You can also apply for a business bank account on the CIPC website for free. You will be given various banking institutions detailing how much each charge per month and you will choose then your selected bank will give you a call to complete the application process free of charge!!!
Tax number
You will get a tax number, then go to SARS and apply for tax clearance for free!!!
Now:
It's time to operate your business, growing it, and making profits.
Mistakes To Avoid
The mistake most people make is to neglect the accounting side of running a business and not do proper book-keeping. That is absolutely a recipe for disaster.
The importance of book-keeping is to be able to understand the financial state of your business.
You need to have the ability to measure your profit and that is by comparing the income of the business against the expenses.
This is also something you can do yourself, at the beginning of your journey by just ensuring that you record each and every transaction that happens in your business weather is someone paying you or you buying assets.
We must start seeing the youth running successful businesses and creating employment in South Africa.