Sunday, June 14, 2009

SMEs in South Africa - the end of Closed Corporations

The Companies Act is about to undergo a major review. This has a number of good aspects and as with everything else in life a number of bad. The questions is whether or not you have a clue about this Act and how it will impact on you?

Too many businesses simply allow the government to do what they like, without providing feedback, whether positive or negative. It is imperative that you read the legislation and decide for yourself what the impact will be on your business.

So go to the following website link and review the Act. http://www.michalsons.com/wp-content/uploads/2009/04/companies_act_71_2008.pdf

Understand the impact.


If you have any problems with the Act then let us know on rob@smorfitt.co.za and we can forward your input to the government.

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