URGENT- how to register your indie game studio?
Hello.
I am the founder of a new indie game development group. We have also completed a game! But now I want to take a step closer to professionalism and get us registered. So that's my question, how do I do it? NB- we are a revenue sharing group, so please bear the cost in mind!!!
I am the founder of a new indie game development group. We have also completed a game! But now I want to take a step closer to professionalism and get us registered. So that's my question, how do I do it? NB- we are a revenue sharing group, so please bear the cost in mind!!!
Comments
http://www.cipc.co.za/index.php/register-your-business/companies/register-private-company/
Registration should cost about R175 (Company registration with name reservation)
You can go through private companies to handle the process for you, like I think roguecode did, but you will pay extra for the convenience.
The yearly fees is so CIPC keeps your company open, its like a maintenance fee.
Then you will also have to pay accountants yearly to submit tax filings, etc.
If you just plan to free lance and go solo, and do not have any dependents then consider running in your personal name, informal.
But like LexAquillia says the only real serious option is PTY LTD, but you do need to know there are costs for registration, bank account, time it takes to manage your book keeping, paying accountant to submit tax and make sure your status as company like registering for income tax (after you have bank account) is done...etc. Ultimately, the best benefit is people take you more seriously, and if you are successful you have a vehicle to sell or manage equity.
Also: http://www.makegamessa.com/discussion/comment/23061/#Comment_23061
I think you can put off spending money on incorporating until it really benefits you (like when you start getting paid money and you need to distribute it to others). That said, I don't have any idea where you're at with your group.
As an aside. Why did you use urgent in the title of the thread? You haven't demonstrated anything in your communication to show that the formation of your company, or attention for its formation, need to happen immediately.