Company Support

Company Support

STELLENBOSCH UNIVERSITY

INNOVUS: COMPANY SUPPORT UNIT

Starting a new company can be overwhelming – you are now a director of a brand new spin-out company with responsibilities.  Basic administration, VAT registration, implementing an accounting system, writing of  business processes and policies are definitely not on the priority list but eventually these kind of processes needs to be implemented.  

HOW CAN WE HELP YOU? 

Our team will do all that is necessary to incorporate and register a South African private  company – this will be the Spin-Out Company in which you may hold equity, and/or an employment relationship. 

Initially, Innovus takes care of all the admin and risk to ensure to company is set.  Below are a few administrative tasks we will implement:


Administration set-up of the spin-out company

All the set-up administration (incorporating a company, reserving its name, legal documents like the memorandum of incorporation, shareholders agreements , company secretarial and annual filings) and SU IP license agreements.

Ongoing company administration

All the ongoing company administration, such as:

  • appointment and resignation of directors;

  • issue of shares and share certificates, transfer of shares and updating of the share register;

  • director and shareholder resolutions; 

  • company secretarial support and compliance, and

  • CIPC annual return submissions on behalf of the company.

Business Support

Business support services like setting up your bank account, web site domain reservation, registration of the company name is all included.  Marketing kick-off will including trademark registration with external service providers (at a reduced rate for university spinouts) not to mention registrations for VAT, “pay as you earn” or PAYE, Tax Clearance Certificate and BBBEE certificate applications.
We also include training of our directors to ensure they are aware what their roles and responsibilities are within the Spin-Out Company.

Accounting Services

Accounting Services includes:

  • Appointment of accounting service external assistance (at a reduced rate for university spinouts) but for account of the business;

  • Set-up of a accounting system in Xero or Sage Pastel including in-house training on these systems;

  • Set-up of financial processes including authorisation of payments;

  • Processing of transactions weekly or monthly;

  • Calculation of VAT submissions;

  • Submission of annual provisional tax; and

  • Compilation of management accounts and/or financial statements.

Marketing Services

Marketing Service includes:

Advice with website and logo development and appointment of service providers (at a reduced rate for university spinouts), marketing material and online shop trading platforms.

You will also be able to use the Innovus plug-in and Stellenbosch University brand on your website:

 


 

 

Contact us
To learn more about our services or to get started, contact Doris Peters at email dpeters@sun.ac.za or telephone number 021 808 3910.