Not all of us are suited to work “for the man”. We may be relatively young, but some of you twentysomethings have great and innovative business ideas. Some of you are probably already “entrepreneuring”, but have you registered your business? Most of us have a vague understanding of the importance of doing so but have no idea of how to go about registering.It is actually a legal requirement if you wish to do business with government or in the formal sector. No matter how great your service or product is, those two sectors will not touch you if you don’t have your papers in orderThere are a few instances when you don’t have to register a business. If you are doing business in the informal sector, you are off the hook. If you are a sole proprietor (the exclusive owner of the business or the sole trader) you are also off the hook. If you are the sole proprietor, the business in essence has no existence that is separate from you.In SA, we register businesses with the Companies & Intellec...
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