Business Basics

By SLS Consulting http://www.slstrading.co.za

Wed Oct 25, 08:00 - Wed Oct 25, 12:00

Focus Rooms

ABOUT

SLS Consulting is hosting a three-part series over the next few months specifically aimed at small business owners. We will be focusing on the financial, legal and investment fundamentals that all business owners should be mastering to ensure the long term success of their businesses.
 
Using a three-part series approach each workshop is specifically targeted at the appropriate level. For the beginner entrepreneur still considering whether to formally register a company, we suggest starting with workshop one and progressing through to workshop three, thereby building the correct foundation.
 
For the more experienced business owner already managing an established business looking to optimize and streamline their businesses’ finances, we propose starting at workshop 2 or 3.
 
 
Workshop 1 – Business Basics
 
1. Finance Fundamentals
 
• An overview of the different forms a business can take & advantages and disadvantages of each - Private Company, Sole Proprietorships, Partnership, CC, Trusts
• How to register your company with CIPC and submitting your annual CIPC returns
• The requirement for Audited Financial Statements vs an Independent Review
• An explanation of the different taxes a business is liable for – Income Tax, VAT, PAYE, UIF, SDL, Customs
• Tax compliance responsibilities for each tax – registration processes & the returns that need to be submitted for each.
• A look at the penalties & interest for non-compliance
• The importance of tax clearance certificates
• Workmen’s Compensation and Department of Labour registrations
• Small business corporation regime – the hidden gem for small companies
• Turnover tax regime
• BEE 101 – A brief overview of the requirements for an EME
 
2. Top 10 legal requirements for start-ups
 
• The business plan – as a roadmap of your business - what should it include and why is it necessary.
• Memorandum of Incorporation – what does the standard MOI look like and when is it necessary to make amendments
• Shareholders agreement / association agreement / partnership agreement – does your agreement cover aspects like members contributions, sale of interest and death?
• Employment Contracts – are both parties protected?
• Employee Handbook / Policies & Procedures
• Non-disclosure / Confidentiality Agreement – A discussion of when this agreement should be signed
• Non-compete Agreement / Restraint of Trade – Are they enforceable?
• Service Agreements / Sale Agreements
• Credit Applications
• Compliance with Legislation and regulations – COIDA / POPI / NCA / CPO / UIF/ Regulatory bodies – Law Society, IRBA
 
3. Investment Insights
 
• What is the difference between saving, insuring and investing?
• How to prevent catastrophe by insuring, build a base by saving and create wealth by investing.
• How much is enough for retirement?
• A look at the different investment options for businesses and individuals
• An introduction to retirement plans, income protection, life policies & endowment policies
• Does your business qualify as a suitable retirement plan?
• How to build a regular income stream through investing
• How to create wealth through investing
 
Specials and Discounts
Early-bird discount before 30th September: 30% Discount
Register for 2 workshops: 40% Discount
Register for all 3 workshops: 50% Discount
 
About the speakers
Stephanie Snyman - Head of Financial Advisory
Stephanie is a Chartered Accountant with over 12 years’ experience in the Financial Services industry. She has her Masters Degree in Corporate Tax and is also registered as a Master Tax Practitioner with SARS.
 
Janine Viljoen - Head of Legal
Janine is an Admitted Attorney, Notary and Conveyancer.  Janine has her LLB degree and over 14 years’ experience. She also heads up her own law practice.
 
Matthew Berry- Head of Investments
Matthew is a licensed FSP with over 13 years’ experience in the industry. He also has a B. Com Law degree and is currently completing his MBA at Mancosa.
 
 
Contact Us
Web: www.slstrading.co.za
 
 
Workshop 2
 
Corporate Tax planning including the treatment of home office expenses, salary structuring for directors, special tax allowances, financial statements analysis
Advanced Legal Aspects covering, personal liability of members of a CC, piercing the corporate veil – negligent trading, fiduciary duties, disputes between members
Investments for the smart investor - An introduction to the stock market and the different products, including ETF, tax-free savings accounts, unit trusts, Investments and your business: A look at Key man insurance agreements and buy-and sell agreements, an in depth discussion of the tax consequences of the different investments
 
 
Workshop 3
 
Financial ratio analysis
Group tax planning
Trusts as an estate planning vehicle – are trusts still applicable?
Marital regimes and effect thereof in estates
Importance of Wills – requirements for a valid will
Assets forming part of estate
Usufructs vs Fideicommissum
Foreign investment vehicles

DIRECTIONS

Business Basics
Focus Rooms
1, The Core, Leeuwkop Rd & Kikuyu rd, Sunninghill, Johannesburg, 2146, South Africa
Get Directions