The FACTS and REAL COSTS of registering your business for the CIPC fee of R125.00 “ONLY”
Companies that offer this service, provide you with a company without a name or any of the statutory documents in terms of the Company Act:
- Minutes of the meeting of the first directors; (Not included in the R125,00 offer)
- Share Certificates; (Not included in the R125,00 offer)
- Company Register that is compulsory in terms of Sec. 50(1) of the Company Act 2008. (Not included in the R125,00 offer)
Our fee includes all the above, excluding the completed company register, that we provide for R142.50.
Registering a company without a name will be known only by its registration number, followed by “(South Africa)”.
The Consumer Protection Act, 2008 prohibits the use of unregistered business names unless a person trades under his or her full names as recorded in an identity document.
A person who therefore wants to trade under a business or trading name that is not registered as company or CC name, would have to register that business name under the said Consumer Protection Act.
Once you registered a company without a name, you will first have to reserve the company name of your choice, and then draft and special resolution with all the supporting documents, and then lodge the documents for registration with CIPC.
Registering a company without a name, is an extremely risky endeavor as the trading name may be in conflict with an existing registered company name, trademark or defensive name.
In such an event, money spent on marketing and branding would have been wasted.