Company Buddy

04/06/2026

𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗥𝗲𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱:
Resolutions are formal decisions taken by shareholders or directors.
• Ordinary Resolution
• Special Resolution (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟲𝟱)

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:
• Legal validity of decisions
• Required for major transactions

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:
🗳️ If it’s not properly resolved, it may not be legally valid.

https://www.thecompanybuddy.co.za

30/05/2026

📌 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝘁𝗼 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗼𝗿 𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀
Providing loans or guarantees to directors/shareholders is regulated (Section 45).

𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀:
• Special resolution
• Solvency & liquidity compliance
• Proper disclosure

📢𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
⚠️ Lending company money to directors? There are strict legal rules.

https://www.thecompanybuddy.co.za

27/05/2026

Dividends: 𝗪𝗵𝗮𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗠𝘂𝘀𝘁 𝗞𝗻𝗼𝘄
Dividends may only be declared if the Solvency and Liquidity Test is met (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟰𝟲).

𝗥𝗶𝘀𝗸𝘀 𝗼𝗳 𝗻𝗼𝗻-𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲:
• Director liability
• Repayment obligations
• Legal penalties

📢 𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
📉 Dividends paid unlawfully can come back to haunt directors.

https://www.thecompanybuddy.co.za/

21/05/2026

𝗦𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗧𝗲𝘀𝘁
Many company actions require passing the 𝗦𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗧𝗲𝘀𝘁 (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟰), confirming the company can pay its debts and assets exceed liabilities.

𝗔𝗽𝗽𝗹𝗶𝗲𝘀 𝘁𝗼:
• Dividends
• Share buybacks
• Financial assistance

𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
💰 Before paying dividends, the law demands solvency — not optimism.

https://www.thecompanybuddy.co.za/

15/05/2026

𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁 𝗥𝘂𝗹𝗲

The Business Judgment Rule protects directors from liability if decisions were made:
• In good faith
• With reasonable care
• In the company’s best interests
(𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟳𝟲(𝟰))

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:
• Encourages decision-making
• Protects honest directors
• Reinforces proper process

𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
🧠 Good decisions don’t need perfect outcomes — they need proper process.

https://www.thecompanybuddy.co.za/

13/05/2026

𝗙𝗶𝗱𝘂𝗰𝗶𝗮𝗿𝘆 𝗗𝘂𝘁𝗶𝗲𝘀 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀

Directors owe 𝗳𝗶𝗱𝘂𝗰𝗶𝗮𝗿𝘆 𝗱𝘂𝘁𝗶𝗲𝘀 to act honestly, in good faith, and in the best interests of the company (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟳𝟲(𝟯)).

𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝘀:
• Loyalty
• Avoiding conflicts
• No misuse of company opportunities

𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
🤝 Being a director means putting the company first — always.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗧𝗵𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗕𝘂𝗱𝗱𝘆
https://www.thecompanybuddy.co.za/

07/05/2026

📌𝗙𝗶𝗱𝘂𝗰𝗶𝗮𝗿𝘆 𝗗𝘂𝘁𝗶𝗲𝘀 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀

𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
Directors owe 𝗳𝗶𝗱𝘂𝗰𝗶𝗮𝗿𝘆 𝗱𝘂𝘁𝗶𝗲𝘀 to act honestly, in good faith, and in the best interests of the company (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟳𝟲(𝟯)).

𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝘀:
• Loyalty
• Avoiding conflicts
• No misuse of company opportunities

📢𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
🤝 Being a director means putting the company first — always.

https://www.thecompanybuddy.co.za

05/05/2026

𝗪𝗵𝗮𝘁 𝗜𝘀 𝗥𝗲𝗰𝗸𝗹𝗲𝘀𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴?
Reckless trading occurs when business is carried on despite insolvency or without regard for financial consequences (𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗔𝗰𝘁, 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟮𝟮).

𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀:
• Personal liability for directors
• Civil and criminal exposure
• Potential liquidation

𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
🚨 Directors can be personally liable for reckless trading — even in small businesses.

https://www.thecompanybuddy.co.za/

02/05/2026

𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱
Limited liability means shareholders are generally only liable up to the value of their shareholding (𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟵(𝟮)). However, this protection can be lost if directors act recklessly or fraudulently.

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:
• Encourages entrepreneurship
• Protects personal finances
• Reinforces responsible governance

Limited liability protects you — unless governance is ignored.

https://www.thecompanybuddy.co.za/

We handle your company’s statutory requirements so you can focus on growth. Fast, reliable, and professional compliance services.

29/04/2026

✅ 𝗢𝘂𝗿 𝗦𝗶𝗺𝗽𝗹𝗲 & 𝗘𝗮𝘀𝘆 𝗣𝗿𝗼𝗰𝗲𝘀𝘀
We know business owners are busy — that’s why we’ve created a 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁𝗳𝗼𝗿𝘄𝗮𝗿𝗱, 𝘀𝘁𝗿𝗲𝘀𝘀-𝗳𝗿𝗲𝗲 𝗽𝗿𝗼𝗰𝗲𝘀𝘀.

𝗛𝗲𝗿𝗲’𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀:
📑𝗦𝘁𝗲𝗽 𝟭: 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀 𝗮𝗻𝗱 𝗥𝗲𝗰𝗲𝗶𝘃𝗲 𝘁𝗵𝗲 𝗡𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 𝘁𝗼 𝗕𝗲𝗰𝗼𝗺𝗲 𝗔 𝗕𝘂𝗱𝗱𝘆
We provide the required documents for your specific service.
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✅Easy to complete

💳 𝗦𝘁𝗲𝗽 𝟮: 𝗠𝗮𝗸𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁
Once payment is made, we’re ready to proceed without delay.

📤𝗦𝘁𝗲𝗽 𝟯: 𝗦𝗲𝗻𝗱 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 & 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗣𝗮𝘆𝗺𝗲𝗻𝘁
Email or submit your completed documents together with proof of payment.

🛠 𝗦𝘁𝗲𝗽 𝟰: 𝗪𝗲 𝗗𝗼 𝘁𝗵𝗲 𝗥𝗲𝘀𝘁
✅Submissions
✅Follow-ups
✅Compliance checks
✅Final confirmations

You stay focused on your business — we handle the admin.

📢 𝗕𝘂𝗱𝗱𝘆 𝗔𝗱𝘃𝗶𝗰𝗲:
Compliance doesn’t have to be complicated.
✅Contact us to receive the necessary documents to be completed
✅Make payment
✅Send everything through
✅We take care of the rest

𝗦𝗶𝗺𝗽𝗹𝗲. 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹. 𝗥𝗲𝗹𝗶𝗮𝗯𝗹𝗲.

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