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1 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider.
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2 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Series 2 13 May 2009 The Business Start Up Process: Legislation and Support Presented by: Ashley Mathura Head: FNB Start Ups
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3 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. A recap of the Business Start-up Process Establishing your financial position What are you reasons for starting your own business? Self Evaluation Stress testing your idea
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4 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Getting your Company Registered The different legal structures Tax and banking formalities
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5 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. The Business Structure Sole Proprietor/ Sole trader Partnerships Close Corporation CC Company [Pty] Ltd The 4 most popular options available:
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6 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. What Next? Register your business Apply for tenders Start trading immediately without reams of paperwork The quickest way to open a transact account is to contact your nearest FNB branch or apply online at: www.FNB.co.za FNB Start Ups can also get your business registered with Shelf Company Warehouse FNB Transact account allows you to:
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7 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Tax Implications If you’re an individual, cc or company earning an income, unfortunately you need to pay tax Visit the South African Revenue Service website on www.sars.co.za SARS has just introduced a simpler tax system for small businesses earning under R1 million per annum Spend some time on the Biznetwork website to find out more about different company structures and legal formalities like patents & trademark registrations
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8 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Join us next week when we continue our start-up process and look at: Funding your Start-up Series 3: 20 th of May 2009 @ 14h30
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