Personal Liability Company Inc.
We can register your Personal Liability Company
(also Incorporated Company) at CIPC
within the quickest possible timeframe – for only R2990.
Register Now OR Get Free Consultation
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. The owner of a Personal Liability Company Inc. is considered separate from the company. That means the creditors cannot seize the owner’s personal assets such as a home or investments.
Our Premium Service Advantages
Our Personal Liability Company Registration Service will:
- Provide security to the owners of the company
- Allow owners to decide how they want to distribute the profits to the members of the company
Custom MOI: You will need to amend / setup your Company’s Memorandum of Incorporation (MOI) to show that it is a Personal Liability Company Inc. It will need to show the letters “Inc.” in the Company Name. Memorandum of Incorporation ( MOI ) – click here to apply.
Personal Liability Company Registration
-
Personal Liability Company Registration
-
Requirements: (1) Custom MOI; (2) ID / Passport; (3) SA Business Address; (4) Members to be 18 Years or Older
-
Timeframe: 5-Days
We Are The Compliance 1-Stop-Shop For SA's Entrepreneurs
What our Clients say!
4,5 out of 5 from 322 Google Reviews
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.
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.
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!
and Accounting Services (Pty) Ltd
More FAQ's & Info on Personal Liability Company Registration in South Africa
What is a Personal Liability Company?
A Personal Liability Company Inc. is a private company that is mainly used by ‘associations’ such as Lawyers, Engineers and Accountants. This term means that the directors of the company, as well as previous directors, will be responsible for the debts of the company.
What are the Advantages of having a Personal Liability Company Incorporated?
- Security. A Personal Liability Company Inc. provides security for the owners of the company.
- Flexible profit distribution. Owners of a Personal Liability Company Inc. are free to decide how they want to distribute the profits to the members of the company – there are no fixed rules as with a Pty or CC.
What is the difference between a Personal Liability Company and a Private Company?
Private companies are incorporated by one or more persons, must have at least one director and may not offer its securities (shares or debentures) to members of the public. Personal liability companies are incorporated by one or more persons and must have a minimum of one director.
How many directors are required to Register a Personal Liability Company?
A Personal Liability Company needs a minimum of one director to be registered.
How is a Personal Liability Company taxed in South Africa?
Taxation is not doubled. Taxes in corporate profits are not payable, as well as on profits that pass through to the members. Taxes are only paid once on those profits that are given to individual members. Owners can choose to have profits distributed to them in any way they would like them to be distributed.
