by Christelle | May 28, 2018 | Uncategorized
Keeping Close Corporations Close In the last issue, we gave consideration to the sole proprietorship and the partnership as forms as business enterprise available to RMI members. In this issue, attention will be given to close corporations. Since the advent of Close...
by Christelle | May 28, 2018 | Uncategorized
With the rigid environment surrounding businesses in South Africa such as the registration of a separate VAT, UIF and PAYE number for each separate registered entity, owners would much rather opt to use one registered entity where under various businesses are...
by Christelle | May 28, 2018 | Uncategorized
Selling unclaimed property in storage is illegal. The vendor’s possession of the customer’s property is derived from a contract to render services and/or provide goods in exchange for payment. In terms of this contract, the vendor never becomes the owner of the...
by Christelle | May 28, 2018 | Uncategorized
In the last issue, we gave consideration to Companies as forms of business enterprise. In this issue, attention will be given to the Business Trust. The Trust is a versatile legal concept, which may be utilized for a variety of purposes, including for carrying on a...
by Christelle | May 28, 2018 | Uncategorized
The new Companies Act 71 of 2008 has been greatly influenced by North American Law. The concept of Business Rescue introduced by the new act is no exception and reflects many aspects of North American Bankruptcy Law. Business Rescue means proceedings instituted to...
