Day 5 – Business Structure Basics
Let’s Talk Legal (The Simple Version!)
Don’t let your eyes glaze over! This is important but I promise to keep it simple and jargon-free.
Today’s Task (20 minutes):
Understand your options and decide what structure fits YOUR business right now.
AI Tool for Today:
Chat GPT: Structure Decision Helper
Prompt: “I’m starting a [your business] in South Africa. I expect to make [amount] in year one. Should I register as a Sole Proprietor or Pty Ltd? What are the specific implications for my situation?”
Need some help?
Confused about which to choose? Let’s talk it through! You can Whatsapp Me. I might not answer immediately but I will answer!
Before Tomorrow:
Make your decision. Write it down. Tomorrow we might be registering!
Tomorrow: If you’re registering a Pty (Ltd), we’re doing it together!