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A private company (Pty) Ltd is probably the best vehicle to choose, as it gives you some legal protection (legally you are just an employee of the company and can’t be sued in your personally capacity unless you have signed personal surety for any of the company’s debts or it can be proven that you have traded recklessly or have committed fraud). You will have a whole lot of paperwork to fill out (governments just love forms), but if you’re going to be dealing with the corporate world, it’s a necessary evil. Partnerships A wise person (wise because they had just got their degrees in the school of bad experiences), told me a long time ago, that if partners were such a good thing, God would have had one. Many of the people who have purchased printing systems with a partner who has provided the finance, have tended to end the partnership before the ink is dry on the purchase agreement. Although partners (particularly ones with money), can be very good for a business, unless both parties are absolutely clear with each other and with themselves the reason for the partnership, then the partnership is doomed from the start. Another important thing is that the personalities of the partners have to be such that they don’t antagonize each other. Some partnerships work very well and last for decades, most however don’t. Whatever course you decide to take, beware………… The biggest advantage of having a partner in the business is that should you die or become incapacitated, the business will carry on and your family will be assured of an income (as long as someone else also knows how to produce the products of course)
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