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A (Pty)Ltd is a limited liability entity that is well-understood by business
people all over the world.
The registration process of a (Pty) Ltd is very cumbersome and professional help is almost always sought. eCompanies will deliver your company and save you all the hassles that go with its registration.
For people who want the benefit of limited liability but prefer a simpler option as far as incorporation is concerned, then a cc is a good alternative.
| (Pty) Ltd |
Close corporation |
| The Pty is its own legal person independent of the directors. (Directors do become personally liable under certain circumstances) |
The cc is its own legal person independent of the directors |
| Can have a maximum Of 50 directors |
Can Have A Maximum Of 10 Members |
| A Pty can be a shareholder in another company |
Pty's cannot have interest in a cc. |
| Comprise Of Directors And Shareholders |
Comprise Of Members |
| Has a Memorandum |
The Founding Statement is much easier to understand |
| Articles Of Association need to be registered |
Articles Of Association are not required |
| Articles Of Association need to be registered |
Articles Of Association are not required |
| No annual returns to be lodged. |
No annual returns to be lodged. |
| Has a Share Capital |
Has Member's Contributions |
| Has An Auditor (has to be a firm of Chartered Accountants) |
Has An Accounting Officer (No need for a firm of C.A's) |
| Members Hold Shares |
Members Hold Member's Interest |
| Limited Liability |
Limited Liability |
To order your cc or (Pty)Ltd please click here |
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