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  • Resigning as a member of a CC | CORP
    to a new owner It might also be needed if you simply wish to disassociate yourself with the existing business or other member s If you wish to resign merely to get out of the CC make sure that the remaining members relieve you of suretyships etc in writing before you sign the resignation document we would send you Also make sure your loan account if any in the CC is paid back to you or taken over by another member If the loan is in negative you owe the CC money you will need to pay it back or get another member to give you a signed letter stating that he she takes it over from you If you re selling your interest and resigning from the CC make sure you get your money or at least the first major payment before you sign out It s probably a good idea to get your lawyer to draw up an agreement between you and the buyer but you may come to us for preparing and processing the resignation papers For more on this kindly email us at ResigningFromCC corp co za This entry was posted in resignation and tagged Business

    Original URL path: http://annualreturns.corp.co.za/resigning-as-a-member-of-a-cc/ (2015-12-05)
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  • Resignation | CORP
    South Africa Work Leave a reply Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December 2015 EntrepreneurThe Entrepreneurial Chicken or Egg DilemmaEntrepreneurIt s hard to sell a product before it exists

    Original URL path: http://annualreturns.corp.co.za/tag/resignation-2/ (2015-12-05)
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  • What happens if I die without a will? | CORP
    to have died intestate It is estimated that more than 50 of South Africans die intestate every year Despite the horror stories if you die without a Will your assets are not forfeited to the state however the distribution thereof is regulated by statute as opposed to your own directions as you would have set out in your Will The relevant Act that regulates the devolution of your assets should you die without a Will is known as the Intestate Succession Act 81 of 1987 The Act sets out a fixed formula that is applied to determine who inherits your estate and in what proportion The Act is based on excluding benefits to a spouse a system of passing benefits to the blood family of the deceased The general principle being that those family members closest to the deceased in terms of the bloodline stand to inherit first So for example if the deceased is married but does not have children the spouse will inherit the entire estate If however the deceased does not have a spouse at the time of his death but has children the children will inherit the entire estate in equal share via What happens if

    Original URL path: http://annualreturns.corp.co.za/what-happens-if-i-die-without-a-will/ (2015-12-05)
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  • death | CORP
    What happens if I die without a will Lexology Make sure all your registrations are up to date before you die Register Posted in Entrepreneur Respect SARS Tax Tagged death intestate will Leave a reply Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader

    Original URL path: http://annualreturns.corp.co.za/tag/death/ (2015-12-05)
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  • Donations Tax and CGT | CORP
    implications In addition to the abovementioned donations tax implications the taxpayer needs to establish whether the transaction has any CGT implications In terms of the Eighth Schedule to the Act a capital gain arises when the proceeds received on the disposal of an asset is greater than the base cost of the asset The meaning of an asset for purposes of the Eighth Schedule to the Act is defined widely and includes property of whatever nature whether movable or immovable corporeal or incorporeal excluding any currency but including any coin made mainly from gold or platinum as well as a right or interest of whatever nature to or in such property The meaning of a disposal on the other hand specifically provides for the inclusion of the waiver or the renunciation of a right The renunciation of the right by the taxpayer would constitute a disposal of a capital asset and the taxpayer will be liable for CGT on the difference between the proceeds received and the base cost of the right If the taxpayer waived the right for no consideration the proceeds would be nil However in terms of paragraph 38 1 a of the Eighth Schedule where a person disposes of an asset by means of a donation or for a consideration not measurable in money or to a connected person for a consideration which does not reflect an arm s length price the proceeds will be deemed to be the market value of the asset on the date of the disposal If an asset is disposed of by means of a donation such disposal is deemed to have taken place at market value for CGT purposes and the taxpayer will be liable for CGT on the difference between the market value of the right and the base

    Original URL path: http://annualreturns.corp.co.za/donations-tax-and-cgt/ (2015-12-05)
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  • cgt | CORP
    a capital asset and the taxpayer will be liable for CGT on the difference between the proceeds received and the base cost of the right If the taxpayer waived the right for no consideration the proceeds would be nil However in terms of paragraph 38 1 a of the Eighth Schedule where a person disposes of an asset by means of a donation or for a consideration not measurable in money or to a connected person for a consideration which does not reflect an arm s length price the proceeds will be deemed to be the market value of the asset on the date of the disposal If an asset is disposed of by means of a donation such disposal is deemed to have taken place at market value for CGT purposes and the taxpayer will be liable for CGT on the difference between the market value of the right and the base cost thereof Accordingly unless careful consideration is given to the construction of a transaction the good intentions of a taxpayer can have adverse tax consequences It should however be noted that none of the tax implications set out above will be applicable if the taxpayer makes a donation to an approved Public Benefit Organisation via Good intentions gone bad Lexology Posted in SARS Tax Tagged cgt Leave a reply Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December

    Original URL path: http://annualreturns.corp.co.za/tag/cgt/ (2015-12-05)
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  • Shelf Pty | CORP
    a shelf Pty allows you to get a name and number for your business within about 1 hour The final change of directors etc takes about another 3 weeks to do properly For more on Shelf Pty s please email us here ShelfPty corp co za Or visit our secure site to read more and order a Shelf Pty from us This entry was posted in shelf pty and tagged

    Original URL path: http://annualreturns.corp.co.za/shelf-pty/ (2015-12-05)
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  • shelf company | CORP
    sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December 2015 EntrepreneurThe Entrepreneurial Chicken or Egg DilemmaEntrepreneurIt s hard to sell a product before it exists It s also hard to perfect an offering without steady cash flow So where exactly is an entrepreneur to begin We ve polled leading entrepreneurs on the art of the first sale and here s what we learned on Recent Posts Government continues to disrupt business Sole Proprietor Start a business today 7 Small Business Ideas For 2013 Company Registration

    Original URL path: http://annualreturns.corp.co.za/tag/shelf-company/ (2015-12-05)
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