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Thread: Starting a HOLDINGS Company

  1. #21
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    Basically the current owner will sell the existing business to your pty ltd. You should write down the details of the sale agreement, and then also agree in writing what each of your responsibilities are and what you are entitled to each receive in terms of salary, profits and shares.

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    BusFact

    So does this mean i can register a company as a holding company and trading with the informal divisions and as they grow and gain their own independence, then i can register the individual division as subsidiaries..?

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    Yes, that is correct. I am company secretary and I can help those who are struggling grapple with the anything related to CIPC.

  4. #24
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    Quote Originally Posted by Bastion View Post
    BusFact

    So does this mean i can register a company as a holding company and trading with the informal divisions and as they grow and gain their own independence, then i can register the individual division as subsidiaries..?
    I'm maybe being a bit pedantic here, but for clarity, you don't register a "holding" company, you just register a normal company. It becomes known as a holding company if it eventually owns significant shares in other companies.

    Otherwise your plan sounds just fine. When it comes to the separation, there may be a number of ways of doing it, some common ones would be:
    1) You would register a new company which would then buy any assets from the original mother company, and start trading separately.
    2) You would simply start trading in the new company and cease trading in the division of the mother company.

    Keep in mind that this will most likely involve new tax numbers, vat numbers, bank accounts and co reg numbers. Invoices will need to be redesigned, supplier and customer credit accounts resigned etc.

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