“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”.
“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”.
“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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Smith Bekwa Incorporated Attorneys
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Ferndale, Johannesburg