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Kramer Villion Norris - KVN January 2017
 
 
 
Starting a Business in 2017: The Private Company Option
 
“My best entrepreneurial advice is to start” (Dave Morin, entrepreneur, angel investor, CEO and co-founder of social network Path)


In our last article in the series “Choosing the right legal entity for your business” we looked at the partnership option.  Let’s move on to the private company option, where your business is owned and operated, not by you as an individual or by a group of individuals, but by a “(Pty) Ltd”.
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Buying to Build in a Development? Read This  
 
 
Signing Surety – The Sting’s in the Tail  
 
 
Your January Website: Stick to Your New Year Resolutions with stickK.com  
 
 
 
 
 
 
 
 
 
 
 
“When you’re talking about building a house, you’re talking about dreams” (Architect Robert Stern)

There are many advantages to buying a vacant plot on which to build your dream house in a property development, but there are also potential risks to be managed.  Discuss the pros and cons with your lawyer before you agree to anything.

A recent High Court case illustrates one such danger – not building on your plot within whatever time limit is specified.....
 
 
 
In the beginning..... You are totally relaxed.  The bank won’t give your son / daughter / spouse / partner / company / friend a loan unless you sign surety and, as always, it seems perfectly safe at the time. So you ask yourself "What’s the harm? It’s just bank red tape.  Johnny’s new business will fly.  He’ll pay back every cent to the bank and I’ll have helped him.  That’s a parent’s job isn’t it?"
 
 
 
Whether we’re talking about your business or your private life, sticking to your goals and resolutions can be as hard as it is important.  Multiply (x3) your chances of succeeding with the free goal-setting platform stickK.com (the “K” stands for the Commitment Contract you enter into).
 
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Have a Healthy, Happy 

and Successful 2017!
 
 
 
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Disclaimer

This Newsletter is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice.

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