Chapter 3
ESTABLISHING A BUSINESS
,Learning outcomes
Understand and discuss the key considerations that are applicable when a
form of business has to be chosen
Distinguish between the different forms of enterprise found in South Africa
Explain the objectives, importance and need for a business plan
Evaluate a business plan
Give an overview of a business plan
Identify the location factors and the impact of these on a business.
, What to consider when choosing a
form of enterprise
What you need to consider when choosing a form of business is whether
the enterprise will have legal (or juristic) personality.
A legal or juristic person exists independently of its members. It is
recognised as a legal subject alongside natural persons or individuals. It
has its own rights, assets and obligations.
ESTABLISHING A BUSINESS
,Learning outcomes
Understand and discuss the key considerations that are applicable when a
form of business has to be chosen
Distinguish between the different forms of enterprise found in South Africa
Explain the objectives, importance and need for a business plan
Evaluate a business plan
Give an overview of a business plan
Identify the location factors and the impact of these on a business.
, What to consider when choosing a
form of enterprise
What you need to consider when choosing a form of business is whether
the enterprise will have legal (or juristic) personality.
A legal or juristic person exists independently of its members. It is
recognised as a legal subject alongside natural persons or individuals. It
has its own rights, assets and obligations.
