Milemans Attorneys

Contact us on +27 83-375 4167

Johannesburg

South Africa

 

 

We apologize for any inconvenience. This website is being rebuilt to keep up with the latest trends.

 

Business services we offer –

 

 

  • What business platform best suits you?
  • Business Plans;
  • Brand protection;
  • Formation of a company;
  • Assistance with establishment. SARS, CIPC, UIF
  • Business agreements – Shareholders agreements for companies.
  • Partnership and joint venture agreements.

 

Read more about different contracts.

 

The right business entity

 

Companies protect you from personal liability in most cases. Other business platforms do not. The main reason why you form a company is to keep you business affairs separate from your private affairs. 

SARS beware. SARS is an exception. Tax liability often follows you wherever you go. 

 

Comparison of Business Entities

 

Sole Proprietor No protection from creditors. You can be sued personally for the business debts. You are the business Suitable for small business starting out. You need to work on a cash basis paying creditors and not allowing customers to run up accounts. Suggested Turnover 

  • 0 to R1 million

 

Partnerships Each partner is equally liable for the full amount of all the debs in a partnership. Business partnerships are the inevitable consequence of two or people starting a business. One should plan to form a company as soon as possible. Suggested Turnover

  • 0 to R5m
Close Corporation All close corporations will eventually be converted to companies. No new close corporation can be formed.
Companies All companies are governed by the same Companies Act 2008. See our Companies Page for further details. Suggested Turnover 

  • 0 to R5 million
  • R5million up
Business Trusts This is not a popular business platform. It is a highly specialised option for business men with specific goals.