Starting a business seems like such a complex and challenging goal, that we often keep postponing the idea. A good starting point would be to reserve and register your company or close corporation name.
You can reserve your company or close corporation name electronically via the internet by registering yourself as a customer on CIPRO's (Companies and Intellectual Property Registration Office) database. CIPRO has migrated most of their paper-based services to electronic systems, which makes it worthwhile to register yourself with them at http://www.cipro.co.za/2/home if you already have or intend on starting any kind of enterprise.
If you don't have the time or the necessary knowledge to do this yourself, you can go to the Companies and Intellectual Property Registration Office (CIPRO) or to intermediary agents, such as Sorita Pullin and have them submit the reservation application electronically on your behalf.
Once you have reserved your company name, it takes CIPRO roughly 3-5 days to approve or reject your proposed name, depending on its availability. Once your name has been approved, the reservation is valid for two months, extended by a period of one month within which the company can be incorporated.
A certificate to commence business is required by law before a company can legally trade. This certificate needs to be submitted together with all the other formation documentation at the CIPRO in Pretoria, Gauteng, South Africa. The formation documentation consists of a copy of CIPRO's letter confirming that the name has been approved and reserved, a notice of the companies registered office and postal addresses, information pertaining to a company secretary, consent to the appointment of a South African auditor and company directors, along with a statement indicating that the company has adequate capital. More detailed information on these forms and documents are available on the CIPRO database.
Once all the necessary documentation has been submitted, the Registrar will register or incorporate the company. It is advisable to consult CIPRO, attorneys or an intermediary agent before registering your enterprise, since it would save vast amounts of time and money with the help of someone with sufficient knowledge.
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