Starting a Business in 2017: The Private Company Option

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…
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Choose the right legal entity

Choose the right legal entity

Episode 1:- It seems as though 2016 has a rough ride in store for us but as the wise old saying has it: “Fortune favours the brave”.  Just remember to mix a good dose of realism in with the bravery. That said, if you’ve been sitting on a brilliant business idea, and if you’ve ever dreamt of leaving your 9 to 5 job and starting up on your own, this could well be your year!  Get going with these 3 steps - Consider checking first that you are suited to the excitement, rewards, risk and rough-and-tumble of entrepreneurship by taking…
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