:: Anton Rudman ATTORNEYS :Company Registration
It’s a well known fact that South Africa needs more private companies in an effort to assist in alleviating the unemployment statistics in the country. However, what many don’t realise is that an immense amount of effort should go into the process of starting a new business. Simply opening your door and hoping for business will only result in broken dreams and a financial loss. One of the first steps in starting a new venture is the company registration. If you are entering into the venture on your own this can be a quick and easy process, however if you have partners company registration becomes more difficult as a detailed legal document must be compiled, not only meeting statutory requirements but also meeting the requirements of the various partners.
Anton Rudman Attorneys are perfectly placed to become the legal partner of your new business venture. Not only can they assist in company registration, but they will be your partner in all your dealings with financial institutions and as your company grows the legalities that come along with it.
There are a number of different types of registrations you can have. One of the most popular ones is a closed corporation (CC). A CC is the ideal solution for up to ten people who would like to start a small business. This type of arrangement has the benefit of limited liability in a separate legal entity.
There are five types of company registration, they are:
- Private companies, referred to as Pty (Ltd)
- Public companies that offers share for sale to the public, they are referred to as Ltd
- Not-for-profit companies, referred to as Section 21 companies
- External companies – foreign companies that are registered in South Africa
- Incorporated companies where the directors are jointly liable for debts, generally referred to as Section 53(b).
Whatever your needs, contact Anton Rudman Attorneys today and have them take care of your company registration.
