SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Identify and discuss different types of business and their legal implications 
SAQA US ID UNIT STANDARD TITLE
13994  Identify and discuss different types of business and their legal implications 
ORIGINATOR
Interim SGB for Business, Commerce, Mgmnt Studies 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
ABET Level 4  Regular  Level 1  NQF Level 01 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2015-07-01  2018-06-30  SAQA 10105/14 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
A candidate credited with this general competence will be able to: identify, discuss types of business, procedures to start a business and their legal implications. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
ABET Level 3 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify, discuss and compare types of business. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Different types of business are explained. 
ASSESSMENT CRITERION RANGE 
Service, Trading, Manufacturing, etc.
Sole Trader; Partnership; Close Corporation; Co-operatives; Companies etc.
 

ASSESSMENT CRITERION 2 
2. Different types of business are compared. 
ASSESSMENT CRITERION RANGE 
Characteristics of each type
 

ASSESSMENT CRITERION 3 
3. Reasons for deciding on a particular type of business are discussed. 
ASSESSMENT CRITERION RANGE 
Advantages and disadvantages of each type
 

SPECIFIC OUTCOME 2 
Discuss procedures and essentials in starting a business. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Factors to consider in starting a business are explored. 
ASSESSMENT CRITERION RANGE 
Identify target group, type, location, competition, etc.
 

ASSESSMENT CRITERION 2 
2. Procedures in starting a business are explained. 
ASSESSMENT CRITERION RANGE 
Registration of business, opening of banking account, etc.
 

ASSESSMENT CRITERION 3 
3. Sources of finances are investigated. 
ASSESSMENT CRITERION RANGE 
Own source, financial institutions etc.
 

ASSESSMENT CRITERION 4 
4. Factors to be considered when taking over an existing business are explained. 
ASSESSMENT CRITERION RANGE 
Reason for sale of business, goodwill, financial condition, share of the market, etc.
 

SPECIFIC OUTCOME 3 
Identify, discuss and explain, the legal implications of types of business. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The concept legal implication is explained. 

ASSESSMENT CRITERION 2 
2. Legal implications in formation of business are discussed. 
ASSESSMENT CRITERION RANGE 
Formation of sole trader, partnership, close corporation etc.
Registration, capital contributions etc.
 

ASSESSMENT CRITERION 3 
3. Legal implications concerning dissolvement of business are discussed. 
ASSESSMENT CRITERION RANGE 
Legal implications for sole trader, partnership, etc.;
Taxation, debts, profits, assets etc.
 


UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Labour laws. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
1. Reflecting on and exploring a variety of strategies to learn more effectively;
2. Participating as responsible citizens in the life of local, national and global communities;
3. Being culturally and aesthetically sensitive across a range of social contexts;
4. Exploring education and career opportunities; and
5. Developing entrepreneurial opportunities. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

UNIT STANDARD CCFO WORKING 
Work effectively with others as a member of a team, group, organisation and community. 

UNIT STANDARD CCFO ORGANISING 
Organise and manage oneself and one`s activities responsibly and effectively. 

UNIT STANDARD CCFO COLLECTING 
Collect, analyse, organise and critically evaluate information. 

UNIT STANDARD CCFO COMMUNICATING 
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. 

UNIT STANDARD CCFO SCIENCE 
Use science and technology effectively and critically, showing responsibility towards the environments and health of others. 

UNIT STANDARD CCFO DEMONSTRATING 
Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Core  24153   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 
2008-09-13  Was ETDP SETA until Last Date for Achievement 
Core  61755   General Education and Training Certificate: Business Practice  Level 1  NQF Level 01  Reregistered  2018-06-30  SERVICES 
Core  35953   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 
2008-02-06  Was TETA until Last Date for Achievement 
Core  20287   National Certificate: Farming  Level 1  NQF Level 01  Reregistered  2018-06-30  AgriSETA 
Core  20893   National Certificate: Human Resources Management and Practices Support  Level 4  NQF Level 04  Passed the End Date -
Status was "Registered" 
2005-02-13  Was SABPP until Last Date for Achievement 
Core  21728   National Certificate: Labour Recruitment Consultancy  Level 4  NQF Level 04  Passed the End Date -
Status was "Registered" 
2004-06-12  SERVICES 
Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
Elective  59300   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Reregistered  2018-06-30  TETA 
Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 
2015-06-30  BANKSETA 
Elective  20288   National Certificate: Farming  Level 2  NQF Level 02  Reregistered  2018-06-30  AgriSETA 


PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
 
1. Andebe Training and Skills Development 
2. Balemi Consulting Pty Ltd 
3. DIONYSUS SKILLS DEVELOPMENT INITIATIVE (PTY) LTD 
4. Hot To Go Trading 17 Cc 
5. Ikaheng HR Services (Pty) Ltd 
6. Innovative Shared Services 
7. KayDee Project Management Cc 
8. Learncorp 
9. Makwedeng Training 
10. Mananthatshema Skills Dev. Centre 
11. Philani Training and Development Solutions NPC 
12. Setlakala Business Development 
13. Siyaloba Training Academy 
14. Siyasanga Training Centre 
15. Skills For Life 
16. Skills Fusion 
17. Taletso FET College - Central Office 
18. The Institute of Bankers in south Africa 
19. Yonke Education and Training Solutions 



All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.