Too many entrepreneurs think that if a company stops trading, it quietly disappears. But SARS has other plans—and the penalties for inaction can be brutal. In this episode, BizRev’s resident attorney Nicole Lin joins Francois to unpack the real process of legally closing a company in South Africa.

From misunderstood SARS requirements to overlooked CIPC compliance, this conversation reveals the costly myths keeping dormant companies in limbo. Nicole breaks down the exact steps founders need to take to close a company cleanly without getting buried in red tape, debt, or delay.

If you’ve ever thought, “But I haven’t traded in years…”, this one’s for you.

KEY TAKEAWAYS

1. Dormant doesn’t mean invisible - SARS still expects tax returns—even if your business isn’t trading. Neglecting this can lead to tens of thousands in admin penalties.
2. Deregistration is a multi-step process - You must be compliant with both CIPC and SARS. If either system is out of sync, deregistration is blocked.
3. You’re not off the hook—even if CIPC says ‘deregistered’ - Final AR status on CIPC can’t complete the process unless reactivated and brought to compliance—which often adds months to the timeline.

If this episode sparked something in you—if you’re ready to get out of survival mode and into strategic growth—BizRev Advisory is here to help.

👉 Visit www.bizrev.co.za to learn more about our coaching, consulting, and full-service business support solutions.

💼 Have a business challenge, need strategic mentorship, or want to be featured on an upcoming episode of The Rev Room? Reach out directly via our site—we’d love to hear from you.

Let’s build better, together.