CHECKLIST FOR STARTING A BUSINESS

Information

  • Type of business
  • Form of ownership
    • Sole Proprietor
    • Partnership
    • CC
    • Limited company / Pty
  • Memorandum / Articles of Association
  • Founding document (CK1)
  • Association agreement
  • Partnership / members agreement
  • Certificate of interest / member certificate
  • Consent to act as an accounting officer
  • Minute book
  • Opening minutes
  • Trading license (depends on type of business)
  • VAT Registration
  • Registration as an Employer
  • Registration for UIF
  • Registration for Workmens Compensation
  • Registration for Regional Services Council levy
  • Registration under Shop and Offices Act
  • Registration under Factories Act
  • Registration with Industrial Council
  • Second hand goods register
  • Affiliation to employers association
  • Staff unions
  • Trade certificates
  • Appointment of Public Officer
  • Registration of CC or company as taxpayer
  • Registration as Taxpayer - members / sole proprietor
  • Application for telephone
  • Application for post box
  • Application for bank account and facilities
    • All cheques must bear company registration number
  • Bank minute
  • Application for water
  • Leases - premises
  • Leases - fixed assets
  • Finance sale agreements
  • Stationery
    • All stationery, invoices and statements must bear the cc and the company and VAT registration numbers
  • Letterheads
    • Must bear the cc and company registration number as well as the names of directors or members
  • Business cards
    • Must bear company registration numbers
  • Relevant revenue forms
    • VAT / PAYE / SITE
    • Special training levy
  • Employees tax deduction
  • Books of accounts and registers
    • Cash book
    • Petty cash journal
    • General journal
    • General ledger
    • Sales ledger
    • Purchases journal
    • Fixed assets register
    • Bank statements and paid cheques
    • Deposit books
    • Invoice books
    • Credit note books
    • Cash sales books
    • Cash register tapes and takings sheets
    • Debit notes and credit notes
    • Stock records
  • Staff records
    • Staff attendance records
    • Staff letter of appointment
    • Staff job description
    • Staff record of leave and sick leave
    • Monthly salary / weekly wage records
  • Insurances
    • Business - Property and Fixed Asset
    • Stock
    • Vehicles
    • Debtors
  • Personal insurance
    • Partnership
    • Permanent health
  • Medical aid
  • Pension / provident fund
  • Professional advisors
    • Accountant
    • Attorney
    • Insurance
  • Issue share certificates / members interest
  • Fixed assets register
  • Remember to advise bank and revenue service of any change of particulars