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Home > COMPANY OR CLOSE CORPORATION CHECKLIST FOR REGISTRATION AT LOCAL AUTHORITIES

COMPANY OR CLOSE CORPORATION CHECKLIST FOR REGISTRATION AT LOCAL AUTHORITIES

Determine the type of business entity (Company or Close Corporation)

Choose and reserve a unique business name

Obtain necessary approvals or licenses specific to the industry

Prepare the necessary identification documents for all founding members

Draft the Memorandum of Incorporation (MOI) or founding statement

Prepare the company’s registration forms (e.g., Form CoR 14.1 for Companies)

Compile identification documents (e.g., ID copies of directors/members)

Gather proof of address for the business premises

Open a business bank account

Deposit the minimum required share capital (if applicable)

Obtain a tax clearance certificate (if required)

Complete the relevant registration forms accurately

Submit the completed forms and supporting documents to the local authorities

Pay the required registration fees

Obtain the Certificate of Incorporation from local authorities

Apply for any necessary local business licenses or permits

Keep proper financial records and minutes of meetings

Submit annual returns to the relevant authorities

Stay updated on changes in local laws and regulations regarding business operations

Consider obtaining business insurance

Review employment law requirements if hiring staff

Establish an accounting and bookkeeping system for financial management

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