URSB Business Registration

1. How to Register a Company?
A Company is a legal person which has capacity and powers to act on its own (i.e the law sees a company in the same light as a natural person).It is created by the Companies Act No.1 of 2012 which provides the legal framework under which companies can be formed for legal purposes.

2. BUSINESS NAMES
A business name is the name or style under which any business is carried out whether in partnership or otherwise. This is different from a company because whereas a company is a separate legal entity with its own identity in law, a business name is only a name that you are allowed to use to indemnify yourself or your service in trade.Registering a business name helps the proprietor to carry on business under the registered name thereby distinguishing the owner’s business from that of others.

3. Partnerships ?
A partnership is defined under Section 2 of the Partnerships Act, 2010 as the relationship that exists among persons numbering between 2 and 20 who carry on a business together with the aim of making profits. A Partnership is different from a company because while a company is separate from its owners and can hold property and sue or be sued in its name, a partnership is not a legal entity of its own; partnership property is held by the partners exclusively for purposes of the business. Also, when a partner dies, the partnership is dissolved (unless the Partners agreed otherwise) which is not the case with a company.There are two major types of partnership; a general partnership and a limited liability partnership. The limited liability partnership is more like a Limited Liability Company.In the case of a Limited Liability Partnership, only one of the Partners is liable for the debts of the partnership. The rest of the partners are only liable to the extent of their capital contribution to the partnership. In General Partnership, however, all Partners are fully liable for the partnership’s debts.

4. Registering a Document?
Before you present a document for registration, please ensure that the major features of the document are clearly and properly represented on each copy of the document.The document should be presented in triplicate (3 copies) and should be duly witnessed.

5. Certification of Documents?
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain and trouble that are bound to ensue; and equal blame belongs to those who fail in their duty through weakness of will, which is the same as saying through shrinking from toil and pain. These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted. The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.

6. Business Registration Acts & Regulation?

How can you contact ursb? If you have any questions or concerns about the requirements please contact ursb.
Plot 5, George Street
Phone: 0417338160, Call Centre: +256 417 338 100