Non-Profit Company Registrations Handled Professionally for You by Tax Leaders
If you would like to start an organisation that is aimed at doing good or helping others, and not specifically to make profit, then you will need to set up a non-profit organisation (NPC). You will find that there is a number of non-profit organisations operating in South Africa.
A non-profit organisation or company is quite different to a for-profit company in that it uses its surplus revenue to achieve its goals rather than to be distributed as profit to its shareholders or stakeholders. The main purpose of a non-profit company is to benefit the community or a group of people, and not to make a profit. However, this does not mean that role players are not reasonably compensated for their efforts. In South Africa, it is imperative for a NPC to register as such in order to be recognised legally. Some good examples of non-profit companies include churches, cultural groups, and charities. Registrations of non-profit companies can be handled on your behalf by a professional accountant.
In order to register an NPC, you will need to have a minimum of three incorporators who must complete and sign an MOI (memorandum of incorporation). Three directors must be appointed as well. There is no need to appoint a secretary and auditor; this is optional. The documents required when registering a non-profit company include copies of ID documents and certified copies of passports if any of the individuals are not South African nationals. When registering an NPC, a name will need to be reserved, which can take a few days. The total processing time to register the non-profit company is around 25 to 30 days.
At Tax Leaders, we can help you with reserving your organisation name and also to process your NPC registration. We handle the entire process with professionalism and ensure that your application and registration are processed quickly and accurately. Before we do your registration, we will gather all the required information and ensure that you are aware of all fees and expectations involved. We keep the process simple for our clients so that their registration is as quick and as hassle-free as possible.
If you would like to learn more about our services, we welcome you to get in touch with us at your convenience. Simply send us an email or take the time to give us a call. At Tax Leaders, we are standing by to assist you in any way possible.