Definition of Start-Up Enterprise

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Start-Up Enterprise

Means a recently formed or incorporated Entity that has been in operation for less than 1 year. A start-up enterprise does not include any newly constituted enterprise which merely is a continuation of a pre-existing enterprise;

BizAdvance Consulting comments and references:

Relates to the qualifying criteria for a Measured Entity in selecting the correct scorecard.

 In its first year of operation following formation or incorporation it is measured as an EME regardless of its expected total revenue for the year.

Refer to Statement 000, clauses 2.5; and 6;

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.