Starting a Business in 2017: The Private Company Option
Episode 4 In our last article in the series “Choosing the right legal entity for your business” we looked at the partnership option [link] for starting a new business. Let’s move on to the private company option, where your business is owned and operated, not by you as an individual or by a group of individuals, but by a “(Proprietary) Limited” or “(Pty) Ltd”. Although close corporations (CCs) still exist, no new ones are registered, so we will not consider them here other than to note that the owners of a CC are “members” not “shareholders”). What is a private company? Our…
