Legal Aspects

When starting a business, it is important to ensure that the business does not transgress the law. One should register yourself and or the business with the following institutions.

• Inland Revenue, with regards to provisional tax.
• Inland Revenue, registering as a VAT Vendor (if the turnover of the business is to exceed R150 000 per annum);
• Workman’s Compensation Commissioner if you employ staff.
• Sampro, if you are to provide music within your business premises;
• Department of Manpower : Unemployment Insurance Fund, if you employ staff;
• Joint Services Board in respect of regional services and establishment levies.
• Department of Trade and Industry with regards to import/export requirements; and
• Any other councils/organisations within your type of industry that by law, you have to register with.

It is also advisable that you study other legislations such as the Basic Conditions of Employment Act and the Employment Equity Act. As far as practicable, get a professional legal opinion on these legal matters.