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Registering A CompanyRegistering A Company
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Registering A Company
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Registering A Company
registeringacompany.co.za
Public Company
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Public Companies may not have less than seven share holders and no maximum numbers of share holders. A Public Company is a company that wishes to raise capital from the public and shares are easily transferable. Many public companies are listed on the Stock Securities Exchange where their shares are traded in large volumes every week day. They are called listed companies. Examples include the following Sasol, Anglo America , Old Mutual, Pick and Pay and Richemont. Other form of business ownership:.
Business Trust
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The business trust is becoming an increasingly popular enterprise form .It developed out of the ordinary trust . A trust is established when the founder of the trust places assets under the control of a trustee to be administered for the benefits of the beneficiaries. The trust assets and the beneficiaries must be clearly identified. There is no limit on the number of beneficiaries, who may be natural or juristic persons. The trust founders are able to exercise control over trustees by their right to ame...
Private Company
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A Private company is limited to a maximum of 50 members and the rights to transfer its shares is restricted and can also have one shareholder. It is prohibited to offer the public any shares in the company I e the private company may not issue a Prospectus. In South Africa a private company can be identified by the abbreviation (Pty) Ltd appearing after its name which stands for proprietary limited. Examples are Clicks Stores (Pty) Ltd, Johnson tiles (Pty) Ltd and Sapekoe (Pty) Ltd. Featured in: Add URL.
Cooperatives
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Cooperatives are often used in Agriculture enterprises, trusts and public corporations. There are also numerous informal sector businesses, that is a business that is not formally registered. They include hawkers, street vendors, spaza shops, subsistence farmers and shebeens. Other form of business ownership:. Partner Websites: How To Write a Business Plan. Hosted By: Web Hosting South Africa. Featured in: Add URL.
Sole Proprietor
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Many businesses are owned by a single person called a Sole Proprietor who makes all the decisions, receives the entire profits and is also legally responsible for the debts of the business. Examples are cafes, farms, and plumbing services. It is relatively easier to form or to dissolve with smaller scale of operations and the financing required is smaller. A sole proprietorship has no separate existence from the owner and the owner owns the assets. Advantages of a Sole Proprietor are:.
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Registering A Company
A brief introduction to registering a company/business:. Companies are regulated by the companies Act 61 of 1973. The following documents are Submitted to the Registrar of companies on registration of a company:. The Memorandum of Association. The Memorandum of Association makes up the constitution of the company. The Memorandum of Association of a company with a share capital should include the following:. The articles of Association which are the rules for management should include the Following:.
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