New (Pty) Ltd Company Registration
Succeed Online will register a (Pty) Ltd Company with the Companies and Intellectual Property Commission (CIPC) on your behalf. Our process will save you time and effort so that you can keep focusing on your primary business activities.
There are many different factors to consider when registering a new company, whether it is Pty. (Ltd), co-operatives as well as nonprofit organizations. It is important to understand what each of these terms mean in order to approach your company registration with efficacy.
A “Proprietary Limited Company” (Pty) Ltd is a business structure that contains at least one shareholder with a limited number of shares. Private companies have fewer disclosure requirements as opposed to public owned companies. The Ltd within the term stands for “limited” meaning that the owners of the company have limited liabilities. In other words, when a company is audited, only assets within the company will be accessible to creditors, no assets in the possession of the owners are considered (given that the company was / is not involved in fraudulent activities).
“Cooperatives” on the other hand is an organization that is owned jointly by composing members who share both profits and benefits. Non Profit organizations uses their surplus revenues to further a cause as opposed to distributing it to shareholders or its equivalents.
Why you might be interested in this service
There are many benefits to registering a Pty Ltd Company as it is treated as a separate legal entity apart from the owners. In addition to the limited liability, below you’ll find a list of advantages of owning a Pty.
- Shareholders have limited liability
- A perpetual lifespan
- Ease of transference of ownership
- Simpler to raise capital than many other forms of enterprise
- Management structure efficiency
- Flexible in terms of size of organization
- No requirement for audit or independent review for exempt micro enterprises.
In order to register a company, you will first require a name. Supply us with 4 potential names with the first name being the most desired, descending in hierarchy of desired name. A certified ID for each of the directors, no older than 3 months must be supplied with information such as address, email and phone number. Our online form will facilitate this process.
You will also be required to supply a Memorandum of Incorporation defining the company’s purpose as well as Articles of Association if you require a custom one. If you don’t require a custom one then an standard one will be used. Our services will simplify the entire process on your behalf. Click below to Register your company.