To start a business in South Africa, choose one of these:
New Company | Sole Proprietorship |
Registered company name | Registered trade name |
Director/s | Sole Proprietor |
Shareholder/s (can be different) | One owner (same person) |
Company responsible for debts | Owner responsible for debts |
Protection for risky work (e.g. building) | Protection not needed (e.g. admin) |
2 main tax returns | 1 main tax return |
Same tax rate (on lower amounts) | Same tax rate (on lower amounts) |