The importance of trustee meetings and minutes
Trustees should always act in good faith and in the best interest of the beneficiaries. One of the main duties of the trustees is to manage the trust efficiently which requires effective communication between all the related parties. An effective management system should be in place to ensure that the correct decision is made by […]
Effective communication channels in the workplace
In the workplace, effective communication between employees, employers and clients plays a vital role. Effective communication can be facilitated by using various communication channels. Communication channels refer to the mediums used to communicate within the workplace, for example, sending a message by email or telephone. A lot of thought must be given as to what […]
Is your business being liquidated?
Many businesses fail and consequently have to face financial crises that few recover from and in most instances, results in business owners shutting doors for good. If your business has no assets or liabilities, the more simpler process of deregistration takes place. The liquidation process needs to be followed if your business has assets, liabilities or both. The Liquidation of Your Business Liquidation is the process by which your company or close corporation effectively declares itself insolvent. Your business can undergo voluntary […]
The relevance of CA(SA)’s
The CA(SA) designation has been considered a coveted profession. Once you have qualified as a CA(SA), you hear of all the opportunities that are available in all kinds of industries all over the globe. Becoming a CA(SA) is a long and tiresome journey. Spending years studying every aspect of accounting needing a wheelbarrow to carry […]
Is your business being liquidated?
Many businesses fail and consequently have to face financial crises that few recover from and in most instances, results in business owners shutting doors for good. If your business has no assets or liabilities, the more simpler process of deregistration takes place. The liquidation process needs to be followed if your business has assets, liabilities or both. The Liquidation of Your Business […]
Is your business legally compliant?
Compliance refers to a company obeying all of the legal laws and regulations regarding how they manage the business, their staff, and their treatment towards their consumers. The point of compliance is to make sure that corporations act responsibly. Is compliance for every business the same? Certain businesses may be required by law to register […]
New requirements to re-instate a company or close corporation
A company or close corporation may be deregistered upon request from the company or close corporation or any other third party. A company or close corporation may also be re-instated. However, since the withdrawal of Practice Note 6 of 2008, and its replacement with Notice 08 of 2017, there are new requirements for the re-instatement. […]
Succession planning
Owning a business requires careful succession planning and is part of your estate planning as you have to determine who will succeed you, or who will purchase your shares, or who will be entitled to the income after your death. The future ownership of your business is at stake. A Partnership automatically dissolves upon the […]