Steps To Starting A Business

Establish your business

5. Establish professional relationships.

Build relationships with experts in various fields, such as insurance, legal, accounting. These professionals will be able to guide you in various aspects of your business.

6. Have a good relationship with an attorney.

There are numerouslegal requirements when setting up and running a business. A lawyer will ensure you adhere to these and will be able to guide you in other matters as your business goes forward.

7. Comply with the law.

As mentioned above, you need to meet all the legal requirements for operating a business in South Africa. These include BBBEE, The Companies Act and the Consumer Protection Act, to name but a few.

8. Obtain the necessary licences.

Your relationship with an attorney will be useful here. You need to obtain the relevant registrations, permits and licenses for your business, such as registering intellectual property, registering with SARS, applying for a business license, etc. You will need to register with SARS in order to file your company's tax returns and also to apply for a Tax clearance certificate. For more information on SARS visit: http://www.sars.gov.za/About/Pages/default.aspx