Engagements for Group Companies

A sole director creating a subsidiary fully owned by his current (Pty) Ltd. He’ll run both companies himself, but here’s the twist: does this new setup still count as "owner-managed"? And can a Business Accountant in Practice handle the group financials? It sounds simple, but the moment a company becomes the shareholder (not the individual), the rules shift. If you’ve got clients growing their business footprint, this FAQ unpacks what changes, what stays the same, and what you can legally do next.