How to register a company in an easy way?

Starting
your own business can be very expensive and challenging especially if
you don’t know how to do it yourself. With so much experience in helping
new small and large business to be founded I have also decided to help
you achieve your goal to be an entrepreneur. I have helped so many
businesses to start up from scratch till to the top without charging
them much, this is because I like to help develop people around my
circle

It
is almost every African national’s ambition to form their own limited
company within the borders of South Africa.  The economy of South Africa
is very large as compared to other African countries. This information
will help you achieve those dreams of registering your own limited
company in a simple, readable and understandable way.

TWO METHODS OF REGISTERING A COMPANY

There
are two methods of registering your limited company, the first one is
to register your limited company online and the second one is to
register your limited company by visiting the CIPC offices. However we
will now concentrate on the first one which is to register online.
 These steps will lead you till you obtain your new company
certificate. 

There
is only one institution that can help you register your company however
others prefer to use an agent who will still use this CIPC as an
institution, so to avoid unnecessarily cost you should do it by yourself
online. 

CIPC

CIPC
(Companies and intellectual property Commission) is the name of the
registrar and they deal specifically with company registration,
registering trademarks, copyright, patent and design.

TYPES OF BUSINESS THAT YOU CAN FORM

  • Private Company
  • Public Company
  • Non Profit Organisation
  • Personal Liability Company
  • State Owned Company

CIPC CONTACTS?

Visit the website on this address www.cipc.co.za

Block F

77 Meintjies Street

Sunnyside

Pretoria

The Call Center number is: 086 100 2472

HOW TO REGISTER YOUR COMPANY ONLINE?

Click on the online transaction button on the top left, you will then lend to another page to progress

1. How to open a customer account?

Click
on the customer registration button at the top left side; try to
complete all this details as requested from you.  You will be required
to provide your identity numbers and surname first and when done you
will have to complete the following details underneath;

  • Select your country
  • Provide Cell phone numbers
  • Provide Email address
  • Provide telephone or fax number if you have, if you don’t then it is not a problem
  • Provide Physical address
  • Select Province
  • Provide Postal address
  • Click Register
  • You have created your account now, you can then logout and go to the proceeding step

2. HOW TO DEPOSIT FUNDS ON YOUR ACCOUNT?

Deposit
an amount of R200, the R50 will be used for the name reservation and
another remaining balance of R 150 will be used to register your
company.

    Here are the banking details to deposit funds:

Bank                           ABSA

Account number      4055 68 1017

Branch Name           Van der Walt Street

Customer Code        Use it as your reference

On
completing the deposit process, within few hours or days your online
account will be credited, you should always keep on checking if they
have eventually credited your account

Visit
the website again and use the customer code that you have previously
created, put the password that you have created also, the page will open
with action information.

3. How to transact required name?

On the action page, click on Transact button which will take you to another page

4.How to propose a name?

On the new page click on Propose name button

5. How to reserve a name?

Think of any name(s) that you think will be suitable for your new company?

Reserve your name by completing 4 proposed names.

On
completing the names you should then click submit button, your account
will be automatically debited with an amount of R50 and a confirmation
email will be sent to you telling you that your application for a
proposed name has been received, you should wait for few days for them
to choose one name from those 4 names that you have submitted.

6.How does the process works on registrar’s ends?

Wait
for the name to be approved ……….the registrar is still busy checking
the uniqueness of the name that you submitted. You should always bear in
mind that you can’t be given a name that is owned or is identically to
other companies; the name should be very unique, in most cases they will
approve the first name of those 4 names that you have submitted.

Should
they find any uniqueness with any other company they will then jump to
name numbered 2 to verify commonness, paradoxically, If not satisfied
with the second name then they will jump to the third and so on until
they find the suitable one.

7. Within an interlude of days

You
will get an email with an approved name and other required information
to complete the process. All this means that your company is capable of
owning that name should you complete the process.

8.Based on the email

That was sent to you, they will request you to send them the following documents to complete the process;

  1. Certified Identity document(s) of Directors
  2. Copy of an approved name page they have sent it to you on step number 9
  3. You should Sign these forms that they have sent them to you

All
these documents should be sent back to them and within few days not
more than 3 days you will received the last email coming from the
registrar with your company’s certificate and other memorandum of
association documents. Print out the certificate in colour.

Congratulations you now have your new company certificate; you can start to operate your limited company

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