shares
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The importance of shareholding of a private company.
There seems to be confusion about what is the difference between a director and a shareholder. The article will attempt to explain how it works and the importance of getting the paper work up to date as soon as a private company is registered. Director vs Shareholder Being a director of a company doesn’t automatically make you a shareholder. A director is seen as merely an employee of the company that has to attend to the day to day running of the operation. This is where the shareholders come in. They are the owners of the shares of the company, thus making them the owners of the company. They have…
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Company Income Tax Returns
How the process works. 1. Determining whether the company has a public officer Whether your company has a public officer appointed at SARS, will determine whether you can get access to eFiling. Without access to eFiling, it is not possible to submit your tax returns. All private companies, close corporations and non profit companies need to have a registered public officer at SARS. We can assist you to appoint a public officer at SARS. This is a very important step to take for all new companies, as well as for companies that are a few years old and have never submitted tax returns. This process can take up to 21…
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Why it is important to have a share certificate.
What is the difference between a shareholder and a director? A shareholder, or shareholders owns the company. The percentage of ownership is determined by the amount of shares they own. The director, or directors are responsible for the day to day running of the company. It is important to note that a director can also be a shareholder. Who issues a share certificate? It is the responsibility of the company to issue all share certificates. CIPC does not issue share certificates. Why it is important to have a share certificate. When you have registered a private company, it is important to havea share certificate, to show that you are the…
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Share certificates – R50 each
Contact us today to get share certificates for your private company. Share certificates are not issued by CIPC, but by the company. We can assist with this process. Click here to find out more. Get your share certificates now. AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service possible. cipcservices.co.za
