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MRL2601 ASSIGNMENT 2 SEM2 ANS 2023
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Assignment 2 2023 ENTREPRENEURIAL LAW MRL2601 Semester 2 Department of Mercantile Law
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Assignment 2 2023ENTREPRENEURIAL LAW
MRL2601
Semester 2
Department of Mercantile Law
QUESTION 1: Steps to Incorporate a Company:
1. Choose a business name: Nandi and Patricia would need to come up with a unique and
appropriate name for their catering business.
2. Reserve the business name: They would need to check if the chosen name is available and then
reserve it with the relevant authorities to ensure that no one else can use it.
3. Draft the Memorandum of Incorporation (MOI): This document outlines the rights and
responsibilities of the shareholders, directors, and other stakeholders within the company.
4. Register the company: Nandi and Patricia would need to submit the required documents, including
the MOI, to the Companies and Intellectual Property Commission (CIPC) to formally register the
company.
5. Issue shares: Once the company is registered, they can issue shares to Nandi and Patricia as
shareholders, determining their ownership percentages and voting rights within the company.
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