Good afternoon all
I'm new to this forum and am seeking some advise please?
I am looking at starting a smallish business (projected turnover of +/- R 15 M p/a) with two other partners. I have very limited knowledge on the subject, having worked in the project engineering environment for most of my career to date.
What I would like to know is what would the best/most beneficial way be to structure the partnership? Please bear with me, as I said I have very limited knowledge on the subject at present.
Obviously I want to protect my interest (not that I don't trust my potential partners) and would also like a structure that is as tax efficient as possible if that makes sense.
Would forming a CC and utilising a Loan Account system be a good option? Or are there better ways to do it?
Who could I contact to seek professional advise and assistance with setting the partnership up?
Also, is there any literature out there that I could make use of to better my knowledge on this topic?
Any responses and advise would be greatly appreciated!