Definition: A profit Company is operated for the purpose of financial growth for the shareholders. Profit Companies are formed by one or more incorporators, also known as promoters. There are four different types of Profit Companies which may have any number of shareholders.
1.1 Pty Company (A Private Company)
1.2 Public Company
1.3 Sole Proprietor
1.5 Personal Liability Company
Definition: A Pty is a privately owned company, which replaced the Close Corporation (CC) format in 2010. The securities of a Pty Company are not available to the public and transfer of the securities are prohibited in the Memorandum of Incorporation.
This is the Company Format most businesses in South Africa use. To apply for a PTY, please go to our Company Registration Application Form.
Definition: A Public Company does not have certain privacy restrictions like a Pty Company. For example, the securities of a Public Company may be propagated to the general public.
Definition: A business entity that is run by a single owner and where there is no distinction between the two.
Definition: A business owned by two or more individuals who share management and profit.
Definition: A Personal Liability Company Inc. is a private company that is mainly used by ‘associations’ such as Lawyers, Engineers and Accountants. The Company’s Name must end with the word “Incorporated”. It operates on the principle of ‘personal liability’. This term means that the directors of the company, as well as previous directors, will be responsible for the debts of the company.
To apply for a Personal Liability Company, Click Here.
Definition: A Non-Profit company registration is advantageous to the public. It often relates to cultural or social activities. It uses its profit to further its goals, instead of giving it to incorporators, members or directors except if it is permitted by the Act.
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My experience with company partners are amazing, I must say they helped me in a fast and professional way and guide me to register my new company. I will most definitely recommend anyone to partner with company partners when they have to setup/register a new company.
Ralston Fisher from R’s Kitchen (Pty) Ltd
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Company Partners is just what the name says, it is a partner to your company. It is a one stop shop for all your company needs and requirements – starting with a company registration. They make the process simple and effortless.
Conrad & Linda Webster from WebsterDesign (Pty) Ltd
Stress-free process and all necessary matters are taken care of with valued services that saves time and money! Exactly what I needed setting up my new company. I can recommend Company Partners to anyone!
Anél Joubert from JJJ Cubed Consulting and Accounting Services (Pty) Ltd