How To Register A Company In South Africa 2016 | STEP 4: Lodging A Private Company Registration

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Loxion Online Learning Academy - LOLA

Loxion Online Learning Academy - LOLA

Күн бұрын

Пікірлер: 113
@sisandawilliams3047
@sisandawilliams3047 4 жыл бұрын
Hi my guy, this video was very helpful, it helped every step of the way, I manage to register my company on my own, without paying extra to anyone
@loxionlearning
@loxionlearning 4 жыл бұрын
Hello Sisanda, I trust you're doing well. I'm so happy that you were able to register your own company and save some bucks! What type of product or services do you want to offer?
@sisandawilliams3047
@sisandawilliams3047 4 жыл бұрын
@@loxionlearning it's an NGO, it's called Adopt a sibling
@tebogomoeng
@tebogomoeng 7 жыл бұрын
I like what you do, keep up the good work!
@loxionlearning
@loxionlearning 7 жыл бұрын
Thank you Tebogo, your kind words keep me going!
@tebogomoeng
@tebogomoeng 7 жыл бұрын
Is it a must to have accountant right from the start?
@loxionlearning
@loxionlearning 7 жыл бұрын
No, it's not compulsory to have an accountant from the start of your business. What I would suggest though is that you open a business bank account as soon as you register your company. Once you've opened this account, you should conduct all your transactions and payments through it so you can have a "paper trail" of your transactions. The accountant will only need to look at your bank statement as your source document and prepare your business's books. I hope this helps
@tebogomoeng
@tebogomoeng 7 жыл бұрын
Thank you! I have already had business and personal account for my sole proprietor, forming a company I think I will need 3. Company account, personal for payments that I assume I will also be required to file for provisional/ income tax and lastly savings account.
@refentsethathe7815
@refentsethathe7815 6 жыл бұрын
Really nice initiative, sharing some useful content. Keep it up government guy!
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Refentse, thank you for the encouragement! I'll surely keep it up!
@mbalenhlentombela4926
@mbalenhlentombela4926 4 жыл бұрын
Hi. What do I put under physical address of the company since it's digital.. doesn't have office space. Pls help. Thank you
@muhlurii4502
@muhlurii4502 3 жыл бұрын
I also received an email with the tracking number only since then nothing came through
@appreciatetlangi3737
@appreciatetlangi3737 2 жыл бұрын
Hi please help After names have been approved an a coreg is sent for a director to sign, after signed to which mail must I send?
@jesusheartmedia
@jesusheartmedia 5 жыл бұрын
Keep up the good work.
@loxionlearning
@loxionlearning 4 жыл бұрын
Thanks, will do!
@ntobekomasia2968
@ntobekomasia2968 2 жыл бұрын
good day, please assist, I am trying to open a personal liability company but i don't know how to go about it. I have already reserved company name.
@Kitty_p4wz
@Kitty_p4wz 4 жыл бұрын
Hi, great video are these steps still the same in 2020?
@loxionlearning
@loxionlearning 4 жыл бұрын
Hi Renee, yes for the most part they still are. You can also check an updated one I did in 2017 by following this link: kzbin.info/www/bejne/qqfOfaCZg5KfiNE
@OBARPJ
@OBARPJ 3 ай бұрын
HI I HAVE A QUESTION SO WHAT IF I REGISTER WITHOUT HAVING A LOCATION FOR MY BUSINESS OR ANY EQUIPMENTS BUT I JUST WANT TO CLAIM MY BUSINESS NAME BEFORE ITS TOO LATE WILL I PAY SOMETHING E.G TAX, FEES STUFF LIKE THAT AS NOT USING THE COMPANY YET BUT CLAIMED THE NAME?
@lakhedaweti7426
@lakhedaweti7426 3 жыл бұрын
After lodging the company and receiving the email with tracking number how long do I wait to receive the email with the documents that I should sign.??
@phumlamagasela632
@phumlamagasela632 3 жыл бұрын
How long did they got back to you, I got the reference number 2 weeks ago?
@sigcinondlela8385
@sigcinondlela8385 3 жыл бұрын
@@phumlamagasela632 how long did it take you?
@faisalsojib5259
@faisalsojib5259 3 жыл бұрын
Hi plz advice me guys how to get tax registration number wheel i do company registration
@husseinsemvua7463
@husseinsemvua7463 5 жыл бұрын
Hi I wanted to know how much should I pay in total to register my brand/logo or is there an alternative method
@ifeanyicollins1794
@ifeanyicollins1794 4 жыл бұрын
Hi, please help me here it says i should re-capture to get a new tracking number does it mean i should start all over again ? pls help.
@loxionlearning
@loxionlearning 4 жыл бұрын
Hi Collins. Apologies for the late response, I'm not sure what that means, but if you don't have a tracking number, then it makes sense to start over again. Regards
@mocheko1
@mocheko1 5 жыл бұрын
how do i create a Pty Ltd under existing company
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Please note that you cannot do this via the CIPC online platform - eServices. You have to register the company manually by downloading the company registration forms. This way you can fill in the registration form of the new pty company with details of the holding company that you want to be shareholder in the company you will be registering. Regards
@lmametse
@lmametse 8 жыл бұрын
I have already filed the company registration, how do I amend share allocation to the directors as well as register for the BBBEE certificate?
@loxionlearning
@loxionlearning 7 жыл бұрын
You must draft a shareholders agreement that states the allocation of shares between shareholders. This document can be drafted by an attorney and has other provisions that govern the relationship between the shareholders of the company. Alternatively, if you don't have money for legal services. You can draft a simple agreement and specify the allocation of shares. Sign the agreement and keep it in a safe place. You can also checkout the full CIPC DIY course where I will teach you about shareholders agreements and other company governance documents.
@josea5424
@josea5424 4 жыл бұрын
Hi, how long does it take to receive a company registration document from CIPC after you register?
@loxionlearning
@loxionlearning 4 жыл бұрын
Hi Jose. I trust you are doing well. Under normal circumstances, it takes no more than two days. As long as you submit all the required supporting documents such as certified ID copies and notice of incorporation form.
@sigcinondlela8385
@sigcinondlela8385 3 жыл бұрын
Hi there, I filled all of my business details and submitted the application. I paid the following day and the R175 appeared on my profile, I refreshed the page and I said that I had R125 left. I'm assuming they took the R50 for my company name reservation. But I still have R125 and I did not receive an email stating that my company has been registered, is it still coming? I haven't received an email stating I want to register a company, I've only received an email about the name reservation.
@loxionlearning
@loxionlearning 3 жыл бұрын
Hi Sigcino. I trust you are doing well. The 50 Rands they've deducted is for the name reservation. After lodging/ submitting your company registration application, you should get an email with an attached form known as a notice of incorporation form. You must print this form out and sign it. Then send the form back to CIPC along with a certified copy of your ID document. Them your company registration will be finalised. I hope this helps
@samkemakhoba7981
@samkemakhoba7981 5 жыл бұрын
hi i made the mistake of selecting and saving "apply for name as part of this process" instead of "register company using enterprise number as the name" now i cant change and save some of my details. is there another way of changing certain details once saved?
@loxionlearning
@loxionlearning 5 жыл бұрын
Sawubona Samke. I trust you are doing well. You should be able to go back to a previous step and change. However if that is not possible you can quit the process before you finish it and start afresh. I hope this helps, regards
@maharlikabebz2249
@maharlikabebz2249 5 жыл бұрын
Hi thanks for this! i have question about financial year end..what conditions do i choose certain financial year end month? Do i just choose any? or must i count 12 months from lodging?This kinda confuse me...hope to hear from you soon as I am doin it now lol.Thanx!
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Armelita, I trust you are well. When choosing a financial year you can choose any twelve-month period that suits your business. For example, if your financial year-end is June, then your financial year starts in May and if your financial year-end is December, then your financial year starts in January. I hope this answers your question
@maharlikabebz2249
@maharlikabebz2249 5 жыл бұрын
@@loxionlearning wow thanx for the reply! Appreciate it. So ok, if I am doing my registration now, its November, can I choose March? And if I choose march, must I file annual tax next next year Feb?
@loxionlearning
@loxionlearning 5 жыл бұрын
@@maharlikabebz2249 Yes you can choose March, which means your financial year will start in February and end in March. In terms of filling tax returns, technically speaking yes you will need to file your tax returns. But if you apply for a tax clearance soon after registering you really won't need to do any tax returns in Feb because the tax clearance is valid for a whole year.
@maharlikabebz2249
@maharlikabebz2249 5 жыл бұрын
@@loxionlearning I see. Many thanx! I'm your new subscriber :)
@maharlikabebz2249
@maharlikabebz2249 5 жыл бұрын
@@loxionlearning hi again loxion.. One more question, u mentioned about tax clearance and u mentioned I have to get it after registering.. Is it my own personal tax clearance as an employee??or a tax clearance for my newly registered company? Sars gonna
@clifforttggalani879
@clifforttggalani879 6 жыл бұрын
Hi, I want to know how do i split shares if i have more than one director
@loxionlearning
@loxionlearning 5 жыл бұрын
Splitting shares should be documented in a shareholders agreement. You can get a legal expert to help you out with drafting this contract. I hope this helps Regards
@kepza100
@kepza100 6 жыл бұрын
HI GUYS Just a lil help here. what are the requirements when u opening a construction company?
@loxionlearning
@loxionlearning 6 жыл бұрын
The requirements of forming any type of company will also be valid when starting a construction company. For example, you will have to register a company, open a bank acc for the company as well as sortout your BEE and Tax clearance status. In addition to this, you will also need to register in industry specific databases such as the "CIDB" database for construction companies. If you want to apply for government tenders, you'll also need to register on the central supplier database (CSD). All in all, when you start a business you must familiarise yourself with the legislation that governs that specific sector. So in your case, you have to focus on things such as health and safety and environmental legislation and standards.
@roseannemnisi3956
@roseannemnisi3956 6 жыл бұрын
so guys thank you for the vedeo how do we lodge another name when the first application is not required so i like to lodge another name so that i could get tax clearance cause the company name its a number of reg number
@loxionlearning
@loxionlearning 6 жыл бұрын
Hi Eugene I trust you are well. If you want to change your company's name from "the registration number" to a name of your choice, you have to first reserve a name on your CIPC customer account. Here is the video on how to lodge a name reversvation: kzbin.info/www/bejne/sIa0fISfrKp2isk Once your name reservation has been approved, you can change your company's name "it's registration number" to this approved name reservation. It will be free because your company is using its reg number as the name, if you were changing a name for a name then it would've cost you money. I hope this helps, kind regards
@sihlengidi8373
@sihlengidi8373 5 жыл бұрын
Please help Absa mis wrote my customer code
@nchitoif
@nchitoif 7 жыл бұрын
Hi after i get my company name reserved i am trying to register a company name. i clicked on register a company filled in all the details of the directors both incoperator and director but i cant get a continue button to fill in financial year ends to complete the process why is that???
@loxionlearning
@loxionlearning 7 жыл бұрын
Hi issac, what CIPC sometimes updates the text on the buttons, there is no other way I can explain because this is a step by step guide.
@nathanielserape2693
@nathanielserape2693 8 жыл бұрын
How do I change my Company name from it being registered as a company registration number to the name I reserved?
@loxionlearning
@loxionlearning 8 жыл бұрын
You must complete a new name reservation on the CIPC website, then once you have reserved a name for your company you can apply for a name change. You will only be charged R 50 for the name reservation and the name change will be free because you were using an enterprise number as the name. If you don't know how to lodge a name reservation, here is a link to the video tutorial: kzbin.info/www/bejne/fne2p2WhmrRnoas I hope all of is clear.
@nathanielserape2693
@nathanielserape2693 8 жыл бұрын
All clear, thank you. You helped a lot and it has been changed. Once again, thank you
@siphelelezekani9280
@siphelelezekani9280 6 жыл бұрын
what documents are needed for company reg? is bank statement of them or proof of address?
@loxionlearning
@loxionlearning 5 жыл бұрын
H Siphelele I trust you are well. Firstly, I would like to apologise for the late response... You only need a certified copy of your ID as a supporting document... There's also a document you must sign from the CIPC after lodging your company registration. You'll then upload this signed document along with your certified ID copy. Note, if you are using a smart ID card you must copy both sides of the card. you don't need anything else. I hope this helps
@nanditlhomedi100
@nanditlhomedi100 8 жыл бұрын
How im getting cor14.1 cor14.3 cor15.1 cor15.2 for two different companies
@samuelklou4575
@samuelklou4575 7 жыл бұрын
hi. I would like to know if I can register the company as the director and the incorporator, as I'm the only one running the business..
@samuelklou4575
@samuelklou4575 7 жыл бұрын
'private company'
@loxionlearning
@loxionlearning 7 жыл бұрын
Yes, you can do that, if you are the only director, you'll also be the incorporator Regards
@samuelklou4575
@samuelklou4575 7 жыл бұрын
thanks
@lmametse
@lmametse 8 жыл бұрын
Once the company is registered, how do I change it from individuals being shareholders to companies?
@loxionlearning
@loxionlearning 7 жыл бұрын
In essence, what you want to do is create a "holding company" that will own shares in other companies. This means that you want to create subsidiaries of a parent company. Or maybe you want to add a company to be an incorporater and director of a subsidiary, if that's the case...This service is currently not available via eServices and you can only do it by filling in forms manually and send them to the CIPC.
@josea5424
@josea5424 4 жыл бұрын
Hello, I forgot my CIPC login and my phone number has changed . How do I log in?
@loxionlearning
@loxionlearning 4 жыл бұрын
Hi Jose, I really don't know how to help you in this case. Please call the CIPC directly.
@thulanimbelu5204
@thulanimbelu5204 5 жыл бұрын
Been trying to register my company since last week but still today haven’t got any feedback from Cipc😔 They only took money for name reservation
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Thulani. I trust you are doing well. Has CIPC answered you as yet? Chances maybe your company registration will be rejected because of certain reasons. For example, when your ID copy is not certified or when a smart ID copy is not copied on both sides. The name reservation can go through if everything is in order with it. When reapplying you can use that name on your new company registration. I hope this helps.
@mmatiisetsomooka5590
@mmatiisetsomooka5590 Жыл бұрын
How correct my business name
@nkosinathimashinini2020
@nkosinathimashinini2020 8 жыл бұрын
how do i register for a bbbee certificate after i have registered a company?
@loxionlearning
@loxionlearning 8 жыл бұрын
Hi I trust you are well. For a business with a turnover of less than R10 million, a BB-BEE certificate is not required. Kindly find link to the full statement on the CIPC website: www.cipc.co.za/index.php/manage-your-business/manage-your-company/bbbee/ Once you have a registered company you can download a BEE affidavit for an Exempted Micro Enterprise on the CIPC website. Print this BEE Affidavit template and visit your nearest police station and fill it in in front of a police officer confirming that the entity is indeed black owned and that it makes less than R 10 million Rands per annum Here is the link to download the BEE affidavit template : www.cipc.co.za/files/2814/3981/6037/BBBEE_Sample_of_affidavit.pdf Nkosinathi, was this video tutorial helpful in anyway? I would appreciate your response regards
@nokwandagumede5611
@nokwandagumede5611 2 жыл бұрын
when i recieve enterprise number
@isaacmothiba388
@isaacmothiba388 5 жыл бұрын
After registering and uploading the documents whats the next step ?
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Isaac, I trust you are doing good. After registering and uploading, you wait for the CIPC to give you a response. If they accept your registration, they will respond with a company registration certificate. If it is unsuccessful they will tell you the reason why it is so. Now, once you have registered your company, the next step is to sort out your basic compliance which includes getting a BEE certificate/Affidavit and getting a tax clearance certificate. You will also need to open a bank account for your business so that you can separate your personal finances and your business finances. I hope I have answered you. Regards
@yasembo4047
@yasembo4047 5 жыл бұрын
I TRIED CALLING YOU MANY TIMES TODAY BUT YOUR PHONE IS OFF. I NEED HELP PLEASE HELP
@jesusheartmedia
@jesusheartmedia 5 жыл бұрын
How can one apply online for a tax clearance certificate.
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Masimba, I trust you are doing well. You cannot apply online as far as I know. You need to visit a SARS branch directly. Once you are fully registered with SARS then you can file the company's annual tax returns online. But initially, you will need to visit a SARS branch near you.
@sibusisomakwakwa6484
@sibusisomakwakwa6484 7 жыл бұрын
I want to start an insurance company I want to know if I can't register it also
@loxionlearning
@loxionlearning 7 жыл бұрын
If you want to open an insurance company you would have to meet the requirements laid out by the Financial Services Board. Its a highly regulated industry. Visit the FSB website, just search for it on google and do your research.
@isaacmothiba388
@isaacmothiba388 5 жыл бұрын
Thanks
@justiceradebe3191
@justiceradebe3191 5 жыл бұрын
i cannot register your system is always rejecting me (connection issues)
@loxionlearning
@loxionlearning 5 жыл бұрын
Hi Justice, I trust you are doing well. Firstly I'd like to say that I am not in anyway connected to the CIPC. I only create content to help people like yourself to start their own business. If you say "connection issues" are you talking about slow internet or what? If that is the case, I would suggest using faster internet because the CIPC website is quite heavy as it has a large database, you can imagine how large a database of an organisation that handles such work can be! Finally, for future reference, if you have a query about a certain transaction at CIPC, you can use their online query management system and lodge a query. They are slow and sometimes they are fast, but all in all they do answer questions. I hope this helps. Kind regards
@fietjumpingcastle7640
@fietjumpingcastle7640 4 жыл бұрын
Wow
@thobekakhumalo9686
@thobekakhumalo9686 7 жыл бұрын
how do i add another director
@loxionlearning
@loxionlearning 7 жыл бұрын
Do you want to add another director to an already registered company or do you want to register a company that has more than one director? If you want to add another director to an already registered company then you should do an "MOI change" and add a director. If you are registering a company, you should add a director's ID number and then click on the "plus" sign/icon and add another director to your company, then continue with registration
@maloseevanschaba7343
@maloseevanschaba7343 6 жыл бұрын
Where's the video of how to send the documents
@loxionlearning
@loxionlearning 6 жыл бұрын
Hi Malose, here is the video on how to upload supporting documents: kzbin.info/www/bejne/mKPJqnVsp5Z3gJI
@nonhlanzekonoqwaka8013
@nonhlanzekonoqwaka8013 4 жыл бұрын
Hi. I have registered the company now i need to pay the R50 for the company name and R125 for company registration. Now my question is: Do i use the reference number they sent me to deposit the money or should i just use my customer code?
@loxionlearning
@loxionlearning 4 жыл бұрын
Hi Nonhlanzeko, I trust you are doing well. You must use your customer code as the reference when depositing.
@nonhlanzekonoqwaka8013
@nonhlanzekonoqwaka8013 4 жыл бұрын
@@loxionlearning thank you so much
@zwelakhemasilela9195
@zwelakhemasilela9195 3 жыл бұрын
Hi I’ve deposited R180, only R50 for name reservations has been deducted, when will they deduct the R125?
@ThulasizweMkhize-tg2yk
@ThulasizweMkhize-tg2yk Жыл бұрын
I lost my paper for ck
@loxionlearning
@loxionlearning 7 ай бұрын
Hi Thulalizwe, I trust you are doing well. You can register a CIPC customer account an regenerate the CK document/paper. It will be sent to your email address.
@bereykhozahlekani9361
@bereykhozahlekani9361 6 жыл бұрын
What is meant by Appointment Date?
@loxionlearning
@loxionlearning 6 жыл бұрын
When registering your company, you will have to "appoint" yourself as a director, as a result, the appointment date is the day you appoint yourself as the director or a future date when you'll appoint yourself as the director of the company. So, if you're registering your company in that current moment, your appointment date should be the current date. Notice how the days before the current date are faded out and cannot be selected, only the current date or future days can be selected. I hope this helps
@bereykhozahlekani9361
@bereykhozahlekani9361 6 жыл бұрын
Lokshin Online Learning Academy - LOLA Tnx dt helped. Juss for this help I will gladly subscribe☺️
@loxionlearning
@loxionlearning 6 жыл бұрын
Thanks my guy, utshele nabanye abangani bakho phela lol... Woza nabangai bakho
@ntobekotenza6865
@ntobekotenza6865 8 жыл бұрын
but your e service is so poor guys, cipc is knocking us live now
@loxionlearning
@loxionlearning 7 жыл бұрын
Hi Ntobeko, I'm not from CIPC, I have my own company which produces this CIPC DIY course. However, CIPC is always striving to improve and every year they get better and better.
@maqhawesokhanyileofficial1595
@maqhawesokhanyileofficial1595 6 жыл бұрын
Brother is too robotic.
@loxionlearning
@loxionlearning 6 жыл бұрын
Lol... Thanks for the feedback man... But did you get what you needed? Finally, there is an updated tutorial where I sound much more human than this, I even show my face lol. The audio quality is much better too, you can check it out here: kzbin.info/www/bejne/qqfOfaCZg5KfiNE
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