How the New Companies Act Will Affect Your New Business
Entrepreneur magazine has provided a very useful guide to understanding how South Africans starting new businesses will be affected by the New Companies Act, which came into effect earlier this year.
Some points mentioned in the article include less taxing financial reporting standards and a reduced regulatory burden, although the requirement for transparency and accountability will be increased.
For more information on the New Companies Act, read Carl Stein’s The New Companies Act Unlocked:
The new Companies Act, which came into being earlier this year, has meant that South Africans are starting businesses in a more legislated environment. The Act brought with it many changes that affect not only existing businesses but start-ups as well.
The Companies Act, 2008 has been modernised and brought into line with international best practices. It was drafted in plain language with many of the sections and rules being simplified.
Book details
- The New Companies Act Unlocked by Carl Stein
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EAN: 9781920025281
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