THRIVE

You do not have to convert your business to a private company, you can continue to operate as a CC, however, there are many benefits to having a private company over a CC. The main benefit is that a private company is a separate juristic person meaning that the shareholders have limited liability when it comes to the debts of the company.

Anyone recruiting and placing work seekers into employment are required by law to register with the Department of Labour.

Definitely, you can forward your contracts for review to your Yowza assistant on support@yowza.co.za who will make sure that the legal team mark it up for you and return it. Please provide some information about the contracts including the type of work agreed to.

Hazard Analysis and Critical Control Points (HACCP) certification instantly demonstrates to customers your commitment to producing or trading in safe food. The certification serves as proof of your food establishment's commitment to upholding food safety regulations. In order to obtain HACCP certification, your business will have to undergo a review by a qualified and adequate food safety auditor. The audit usually takes a few days depending on the size of your business. Preparations before a certification are essential and you can learn exactly what to do and how to be certification ready in our “HACCP Certification made easy” learning module.

You do not need a certificate; an Exempted Micro Enterprise (EME) may only produce an affidavit as evidence of their B-BBEE status. Nobody may request that you produce more documentation than this and certainly not at your cost. Some clients may ask you to send your ownership documents to confirm your black-owned status, but this does not require the expense of a B-BBEE certificate. Please confirm this with your client. If they have a query – please let us know and we will make contact with your client.

Unfortunately, not, school children are not employed or participating in the economy. However, you can claim this under Socio-Economic Development as an investment which is described as “access to the economy”.

You are not required to, nor should you, give away shares. Equity should be sold according to the fair value of your business. Also remember to find the right partner, who adds value to your business so that, although your ownership percentage is reduced, the value of your shares has increased because the value of your business has increased.