Small business compliance

Can Directors Be Removed for Neglecting Their Duties? A Small Business Case Study

Can a director be removed for neglecting their duties? A recent South African Companies Tribunal case highlights the serious consequences when directors fail their fiduciary responsibilities. This compelling case study reveals how a business was left vulnerable due to a director's divided commitments—and how the legal system intervened. Learn key lessons on corporate governance, fiduciary duty, and director accountability. Read more to protect your business from similar risks!

22/02/2025

Make compliance a way of business

Compliance for Small Business in South Africa

One of the key responsibilities of an entrepreneur is ensuring compliance with both industry-specific and national legal regulations. Failure to adhere to these requirements can significantly impede critical business activities. For example No funder will consider investing time or money in a business that does not comply to laws and that risk penalties and fines.

11/02/2024

File annual returns at the CIPC

South African small businesses must comply with the Companies and Intellectual Property Commission's (CIPC) regulations for annual returns, separate from tax returns, to maintain their operations.