At the end of this session, participants should be able to:
Define Key Concepts:
- Understand what a business structure is and why it matters.
- Learn the basic terminology associated with business structures
Explore Common Business Structures:
- Dive into the details of Sole Proprietorships and Proprietary Limited Companies (Pty Ltd).
- Compare and contrast these structures to understand their unique characteristics and implications.
Discuss Legal and Compliance Requirements:
- Navigate the legal requirements for setting up and operating different business structures.
- Learn about registration processes and compliance obligations.
Examine Financial and Tax Considerations:
- Understand how different structures impact your tax responsibilities.
- Explore financial reporting requirements and the implications for your business.
Evaluate Risks and Benefits:
- Conduct a risk assessment to establish the optimal structure for your business.
- Learn to make informed decisions based on your business goals and risk tolerance.
Emphasise Flexibility and Professional Advice:
- Recognise the importance of adaptability in business.
- Appreciate the value of seeking professional advice when choosing and managing your business structure.
