Business Partners is offering formal sole proprietors, a grant of R25 000 per qualifying business to be used to pay for overheads.
Who are formal sole proprietors?
According to their website, formal sole proprietors are individuals conducting formal business in their personal capacity, such as personal services or consulting operations often employing more than two individuals. The business is registered with the relevant authorities in terms of a business license and tax.
Who qualifies for the grant?
To qualify for financial aid, the business must:
- Provide evidence of financial activity prior to the COVID-19 outbreak.
- Be both tax and regulatory compliant