About Companies

about Companies

What is a company and what is the registration process

What is a Company?

In South Africa, the Companies Act 2008 regulates companies, including (but not limited to): how to form a company and the rights and duties of shareholders and directors.

A company is defined as entity or business organisation which earns income by the production or sale of goods or services. 

The key features of a company are the following:

  • Juristic person : this means that a company is seen as an entity which can itself sue, be sued, own assets and do everything which a natural person (human being) can do, to the exclusion of a Will
  • Registered at CIPC, is incorporated and has its own registered number
  • Separate to its shareholders. Shareholders only own the shares in the company. The company itself owns the assets
  • The company is liable for the debts of the business (not shareholders, save where they have signed as surety)
Register a Company South Africa

Company Registration Process

In order to register a company the following is required:

  1. Reserve a company name (a company can be registered without a name, in which case a number is assigned until a name is reserved)
  2. The company name cannot be the same or similar to a company name already registered
  3. Appoint directors and shareholders
  4. Sign a memorandum of incorporation (the company’s document)

We will require you sign our mandate, provide us with a certified copy of your ID and payment (see the plans below)

 

Register your company today

From only R550 register your company with The Legal Web Online

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