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Related South Africa Law Questions
To avoid registering for VAT, I registered two PTYs. One
To avoid registering for VAT, I registered two PTYs. One serves Corporate clients and one serves residential clients. Is there legislation against this?… read more
CaseLaw
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I have not allocated any shares towards him, He stated that
I have not allocated any shares towards him, He stated that i can remunerate him for the business loan as i see fit. I told him that i will do a profit share with him as remuneration. My greatest conc… read more
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Good day, My friend and I have started a 50-50 business
Good day, My friend and I have started a 50-50 business that has been trading for the past 7 weeks. He is a personal trainer and I am an administration and marketing expert. The business provides phys… read more
Shaie Zindel
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Good evening Eg. Say i have a (pty)ltd and i name Limitless
Good evening Eg. Say i have a (pty)ltd and i name Limitless Holdings(pty)ltd and register another namley. Limitless Consrtuction and another namely Limitless solutions (pty) LTD and I decide to hand o… read more
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Hi we are in the process of trying to raise more capital for
Hi we are in the process of trying to raise more capital for our business and would like your opinion on where and when the line on a “public offering” is crossed. To put it in actual context herewith… read more
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MY FIANCE AND I HAVE SHARED A HOME FOR 7 YEARS. THE HOUSE IS
MY FIANCE AND I HAVE SHARED A HOME FOR 7 YEARS. THE HOUSE IS REGISTERED IN BOTH OUR NAMES. WE ALSO HAVE A HOUSE ON THE SOUTH COAST REGISTERED IN BOTH OUR NAMES. HE PAYS MONTHLY INSTALLMENTS AS ARRANGE… read more
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An investor signed an agreement to invest R1000 000 in a new
An investor signed an agreement to invest R1000 000 in a new product that I am patenting and manufacturing in return for 40% ownership. He asked if he could pay it as I needed it in amounts of R250 00… read more
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a business partner and myself started a business together ,we
a business partner and myself started a business together ,we had a verbal agreeement only , he agreed to put up most of the money and the arrangement was 50/50 in the business , the business is now s… read more
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My husband owns a sole proprietor business but wants to sell.
My husband owns a sole proprietor business but wants to sell. How do we go about that, as everything is in his name. Say we get someone to buy it for R500,000.00. We would need to get R200,000.00 of t… read more
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Hi Mike, As per the last question we continue. We want to
Hi Mike, As per the last question we continue. We want to convert to Pty Ltd as is required by law soon, if we get the 3rd cc member to agree with no immediate consequences, and later decide that moni… read more
Mike Otis
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Hi, i have been in a partnership and purchased a machine in
Hi, i have been in a partnership and purchased a machine in this partnership where both parties paid equal amounts. I then called the partnership off after learning my partner was swindling me for mon… read more
WCLawyer
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• Good Day, My father is a 49% shareholder in a Pty (Ltd).
• Good Day, My father is a 49% shareholder in a Pty (Ltd). There are only 2 shareholders in the company. In the beginning when the company was formed it was a CC and was changed to a Pty (Ltd) for som… read more
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Hi, a business partner and I want to start a company and he
Hi, a business partner and I want to start a company and he has decided to go the route of a Trust in terms of his share in the company. Does it pay me to go the same route seeing as, should the compa… read more
WCLawyer
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Good day, we had a online company that was not doing well
Good day, we had a online company that was not doing well and decided to close and all the partners would take a copy of the software and go their own way or we would by the partners out, one replied … read more
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I currently own a pty ltd company . The company was established
I currently own a pty ltd company . The company was established to run a small lodge in a game reserve in Phalaborwa. The assets of the company include the property, building, and contents necessary f… read more
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Could you please advise my rights a far a property and business
Could you please advise my rights a far a property and business asset spilt after 28 years of marrage?… read more
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breakdown of relationships in family owned business. We have
breakdown of relationships in family owned business. We have no shareholders agreement. I hold minority shares of 16% in the business. What are my options since verbal discussions have reached a deadl… read more
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I was a one third partner in a FMCG pty ltd company for the
I was a one third partner in a FMCG pty ltd company for the past 3 years.I joined up with 2 partners by giving my products and they were funding the business. They have however neglected their duties … read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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