$77 billion in net profit as of May 2015

$200 billion in assets, Vodafone Group Plc was founded on July 17, 1984.

$44 billion

Industrial & Commercial Bank of China Ltd, was founded on January 1, 1984

$44 billion

Apple Inc, was founded by Steven Paul Jobs, Steve Wozniak and Ronald Gerald Wayne on April 1, 1976

$37 billion

China Construction Bank Corp, was founded in October 1954

Why must I register a company

It is not necessary to form a company to open a business, in some cases it makes good business sense to trade in your own name.

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Legal benefits

The company has a perpetual lifespan and can continue if one of the owners dies. Shareholders have limited liability, but directors are personally liable, if they are knowingly part of running the business in a reckless or fraudulent manner. Raising capital is also easier.

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Tax benefits

Individuals can be taxed up to 40% of their income, while companies will only be taxed at 28%. Small business corporations that have turnovers under R73 650 does not need to pay tax. This is extremely beneficial for start up companies.

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