Entrepreneur Bootcamp: How To Structure Your New Business.

Thinking of starting a business? 🎯 Learn how to choose the right structure to set your success in motion. ➡️ Business structures define the legal form of an organization, influencing its ownership, liability, taxation, and operations. The Glass Castle breaks it down for you:

🔹 Sole Proprietorship: A business owned and run by one individual, where there’s no legal separation between the owner and the business. It’s simple to start but the owner is personally liable for all debts. Tax is being paid in personal capacity and depending on the tax scale.

🔹 Partnership: A business owned by two or more people who share profits, responsibilities, and liabilities. It’s governed by a partnership agreement and is ideal for shared ventures.

🔹 Private Company (Pty Ltd): A separate legal entity with limited liability, meaning the company — not the owners — is responsible for debts. It’s ideal for businesses aiming to grow or secure funding. Better tax advantages in company on Small business tax or 27% tax rate.

Let us help you make the smart choice for your goals. Contact The Glass Castle for professional business setup advice and guidance, that will help your business not only grow, but thrive!