Company Registration -
The first thing you need to do for company registration is to start to think of possible
Points to note are
Think of four possible names, to be used during your company registration, all different from each other.
Check the spelling in an English dictionary. It costs to change it later.
If your name is close to another well known brand, reject it now, its not worth the trial trying to fight for the rights of using it.
Director and Shareholder Information
Choosing who is going to be in partnership with you, during your company registration, is probably one of the biggest decisions that any business owner needs to make during the process of company registration. A Director managers the business and a shareholder owns it. You will probably be both a director and a shareholder. However if you are in partnership then you may have more directors and shareholders.
You will need all their information such as Residential, Business and Postal addresses and cell phone numbers, as well as a good digital copy of their ID's on your computer. This you can do later, but without them we can not complete your company registration.
You will need a printer attached to your computer. This is often overlooked, however you will have to sign a document (called a power of attorney) that gives us the right to register your company on your behalf. This will need to be printed and faxed to us.
Although our competition boasts times that we believe are designed to mislead their clients, we know that a company registration usually takes about three weeks. We statistically analyze the speed of company registration and can usually predict the date of the arrival to a few days for your convenience. Although shelf companies are available they are not economical due to cost and time and therefore not advised.
Company Registration : Why do it?
When you run a business, you are taking a risk. You will probably be loaning money
from a bank or another institution to get you started. No-
Now if you are not registered as a company, you would have loaned the money in your own name, and are subsequently more responsible for the debt. The lender then could try to get the court to force you to sell your house and other assets to pay back the debt. You will have no protection under the company act as you did not register a company.
Now if you have completed Company Registration, and you loaned it in the name of your PTY, then there is more protection. The directors or shareholder could still be held responsible for the debt, however, but it does mean that the law sees the PTY as a legal entity, so their case is against a company, not against you. The fact that you registered your company could be a life saver.
There is no doubt about the fact, that a registered company looks like a proper company. Impression counts in business. You give a good impression, then you will probably get the job. A registration number also gives people an indication of how long you have been in business as the year of starting your company is found in the first four digits.
You can Tender
A lot of business can be gained through tendering for it. But you can not tender unless you are a registered business.
You can use the shares to raise money.
Need an internet presence. SwiftReg has an inhouse Web Design studio who can design you a website at brilliant prices.
If your company has been deregistered due to non payment of Annual Returns, it is possible to restore it.
Time : A minimum of one month
Cost : R400 for unlocking the company and all the annual return fees, before complete restoration. (In Most cases the annual return fees will cost over R1000)
Want to know if your name is available?
Its possible to check for your name availability only. This is called a name reservation and is valid for six months.
You are allowed to choose four possible names, and the registrar will check these
names against their Database.
Cost : R110
Time : 3 days (Normally)
Please read the documentation and advice carefully for this process. If all your names fail it will cost another R110 before we can apply for new names
An incorporation is a Company registered for a Professional, such as Doctors or Lawyers in which they are the sole owner and the income is generated by practising their profession.
Cost : R950
Time : 4-
BEE Certificate -
A simple step by step process, enables you to receive a BEE Certificate for your company. Swiftreg specialises in Exempted companies. Generally these are companies whose turnover is less then 5 million a year.
Cost : R490 Time -
What you need
Shareholders ID’s and signatures
A copy of the Share certificates
Company Documents (if not registered by SwiftReg)
Convert a CC to a Pty
Conversion means that a new entity is formed, and your Pty will have a registration number that contains the current year
Cost : R450
Time : 6 weeks
Alter your Pty or CC Quickly and Easily
Change the Directors or Shareholders (or Members) quickly and easily with our online tools. Change the Name of your company, or alter addresses.
Time : 3-
CC : From R280
Get an annual return submitted quickly and easily with our simple to use Annual Return Page.
Cost : R150 + CIPC Fees
Time : Two business days
Store all your companies on our digital system and we will contact you with a quote when your annual return is due!
Tax Clearance Certificates
Need help getting a Tax Clearance certificate.
This is a three part process.
Part 1: Register For Tax :
A Director needs to do this personally at your local SARS branch -
Part 2 : You will need to get your Company Tax up to date as well as the income tax of your directors
Part 3: Swiftreg requests a Tax Clearance certificate :
Cost R300 Time 1 week
Non Profit Company
A non Profit Company or NPC, is a company that exists to benefit the community and does not declare a profit.
They are normally formed through organisations who exist to benefit the community.
It is possible for certain non profit companies to apply to be non taxable if they meet certain requirements.
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