Module 4, Structuring the Business
A Partner Hand-off
Register the Company with Moeletsi Africa
A licence held in a personal name cannot take investment, cannot be mortgaged and cannot survive you.
The Hand-off
Three Things, Specifically
The course teaches you what to ask for. This is what competent work on it looks like when it comes back.
| What You Should Walk Out With | |
|---|---|
| 1 | Incorporation in the country the ground is in, with the resident-director and local-shareholding requirements met properly rather than papered over. |
| 2 | A shareholders agreement that says what happens when one party cannot fund their share - which is the thing that actually happens. |
| 3 | Company secretarial work kept current, so the company is in good standing on the day a buyer runs diligence on it. |
Why It Is Handed Over at All
NDARAMA teaches the commercial side of mining. It does not file your returns, incorporate your company or sign off your accounts, and a school that pretended otherwise would be doing you harm. What it does is make sure that when you walk into Moeletsi Africa you already know what you are asking for, what it should cost and what a bad answer looks like.
That is the whole point of the hand-off. A client who understands the work is the client who gets it done properly.