You’ve started a business and now you are in the process of registering that business, but you are unsure of which business structure would suit you best. In South Africa there are five main types of business entities or structures to choose from, each with its own advantages and disadvantages. These include sole proprietorship; partnership; proprietary limited company; public company; and a franchise. 1. Sole proprietorship This is the simplest form of business structure

In the early days of business, most business owners are focused on attracting and retaining clients or customers. However, it is not only sales and customer management that keeps an owner busy, but many tasks might occupy the owner’s time to deliver a finished product, particularly in knowledge or skills-based industries. In the meantime, who is balancing the books and managing the business’s finances? Without a full-time accountant on staff, it can be hard to do anything mor

Preparing the financial statements of your business might not be your favourite part of doing business, but it is a crucial part of operating a business. By preparing your financials and analysing your financial data, you can understand the big picture (part of a financial year or the entire year) and avoid making uninformed decisions. We prepare our clients’ annual financial statements using information from their monthly management accounts. These management accounts are pr