secretarial services

secretarial-services

Introduction:

We offer several services as professional as you can get.  These services play a vital role in the day to day management of your business.

These days more and more secretarial data of the business is being cross verified between SARS, Banks, CIPC, Central Supplier Database, etc.  It is essential to keep all data up to date and stay tax compliant.

 

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additional services

ANNUAL AGM MINUTES

AMENDMENTS TO COMPANIES & TRUSTS

NEW COMPANIES

NEW TRUSTS

NON-STANDARD MOIs

SHARE REGISTER

Shelf Companies & Close Corporations

 

FAQs

What are the benefits of having a Company?

Director and shareholder can be different people/entities. Tax rates are capped at 28% unless the company is a Small Medium Enterprise, then it’s even less. A corporate name can be defended by future names being registered.

What are the benefits of having a Trust?

A trust can be used to secure any assets especially fixed property from creditors. The trust can be created for family wealth. Even the shares in your company or other shares you own can be in the name of the trust, which flows to the beneficiaries.

What is the difference between a Trust and a Company?

A Trust has a Trust Deed, which explains the practicability of what must happen in the Trust. The trust is taxed at the same rates as an individual, which can go up to 45%. The profit of the trust can be declared to the beneficiaries and leave no tax in the trust but taxable in the hands of the individual beneficiaries.

A Company has a Memorandum of Incorporation and registered at the Companies and Intellectual Property Commission. All this explains what must happen in the company and who is director of that company. The directors manage the business at the best of their capabilities to ensure enough profits and funds flow to the shareholders of that company. The profit of the company is taxed at 28% whereas thereafter if dividends need to be declared an additional 20% withholding Dividends Tax is levied by SARS. The 28% tax bracket is not final, there is a Small Medium Enterprise tax rate which makes the effective tax rate less than 28%

Can my Accountant be an Independent Trustee in my Trust?

Yes most definitely, the accountant will always act on behalf of the trust in an objective manner. Which will help when agreements cannot be met.

How often can directors be changed on my company?

A person can change directors anytime at a general meeting whereas enough votes are taken and a resolution has been signed by all parties.

How often can shares be transferred between owners?

Any private company which is not a listed JSE company can sell and buy shares as long as the other shareholders agree to the selling of those shares. Also, only the Securities Transfer Tax of 0.25% will be payable upon transferring the shares, also the share register must be kept up to date.

Can I change my Company name?

Yes if the company name is available at CIPC, your name can be changed after a reservation has been done.

Can I put my shares of my Company in a Trust?

Yes the shares you own in a company can be in the name of the trust.

What different types of Companies can I register?

Private company – (Pty) Ltd | Public company – (Ltd) | Personal Liability Company – Inc | State owned Company – SOC | Co-Operative