Registering not for profit

[JerryMungo]

What's involved? Has anyone been through this? Are there major legal implications or hassles? I do understand that it's not straight forward, I just wondered if there are any issues that anyone is aware of with doing this.

In a nutshell, I'd like to offer hosting to foreign and local NGOs and make use of certain tools at considerably reduced cost available to not for profits. I'm not looking to use this for income generation.

 

[MKFrost]

Not up to speed on the topic but check out the latest budget speech.

It was mentioned that not for profit companies were no longer required to distribute 75% of their funds each year meaning that they could hold onto more funds for longer, something like that iirc.

 

[MKFrost]

Found following on Google

http://www.services.gov.za/services...eringabusiness/registerasectio21company/en_ZA

http://www.businessreg.co.za/npo-registration.html

 

[JerryMungo]

Not up to speed on the topic but check out the latest budget speech.

It was mentioned that not for profit companies were no longer required to distribute 75% of their funds each year meaning that they could hold onto more funds for longer, something like that iirc.

That sounds promising, Ta!

Found following on Google

http://www.services.gov.za/services...eringabusiness/registerasectio21company/en_ZA

http://www.businessreg.co.za/npo-registration.html

Thanks again, i'll check those out.

 

[krono9]

Going to have to apply to the SARS tax exemption unit for PBO or tax exempt status... on their website...

 

[JerryMungo]

Going to have to apply to the SARS tax exemption unit for PBO or tax exempt status... on their website...

Awesome, thanks Krono9