Results 1 to 5 of 5

Thread: OLD CC -- START TRADING AGAIN

  1. #1
    New Member
    Join Date
    Aug 2019
    Location
    ROODEPOORT
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    OLD CC -- START TRADING AGAIN

    I have a cc registered in 2001.
    I stopped trading about 8 to 10 years ago under that cc.

    I have been trading as a sole proprietor for the past 3 years.
    I've grown enough to start considering going to a CC or PTY (LTD).

    I know no new CC can be registered so here is the questions:

    1) Can I "reopen and trade under my old cc?
    2) If yes, what do I need to do to get it opened again?
    3) Or is it better just to start fresh with a PTY (LTD)?
    4) I have a good reputation with the sole prop. name and want to use it as a trading as name, can I do with a PTY(LTD)?

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,020
    Thanks
    3,177
    Thanked 2,581 Times in 2,177 Posts
    Blog Entries
    12
    What is the status of the cc at CIPC and at SARS?

    There may be other statutory return history issues too...

  3. #3
    New Member
    Join Date
    Aug 2019
    Location
    ROODEPOORT
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Status at CIPC is - AR final de-registration.
    Status at SARS is good standing

  4. #4
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    518
    Thanks
    34
    Thanked 143 Times in 128 Posts
    Hi Deon

    Assuming you can reinstate the CC at CIPRO, just the annual returns will cost in the region of R250 x 8 = R2000, plus a reinstatement fee of R200.00

    Reinstatement is a cumbersome task and you will have to show that the cc really was in business during that period; either bank statements or fixed property ownership or both.

    Registration of a new company takes a couple of days in including a name reservation, and can cost as little as R175.00 with a name reservation

  5. Thanks given for this post:

    Dave A (05-Sep-19)

  6. #5
    New Member
    Join Date
    Aug 2019
    Location
    ROODEPOORT
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thank you Andromeda,

    Your advice really helped.

Similar Threads

  1. [Question] Trading As and CPA
    By KnickKname in forum General Business Forum
    Replies: 2
    Last Post: 27-Aug-19, 10:22 PM
  2. [Question] Can a PTY Ltd use Trading As...?
    By SamanthaLeigh in forum General Business Forum
    Replies: 16
    Last Post: 25-Oct-16, 10:12 AM
  3. Binary Trading
    By iLLuDeano in forum General Business Forum
    Replies: 4
    Last Post: 06-Jan-14, 10:30 PM
  4. [Question] VAT and trading
    By duncan drennan in forum Tax Forum
    Replies: 1
    Last Post: 29-Oct-13, 06:47 AM
  5. forex trading - International FX Trading company
    By gucci in forum Business Finance Forum
    Replies: 0
    Last Post: 30-Dec-12, 11:21 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •