How To Register A Close Corporation In South Africa

TheRegistrar of Close Corporations will issue a Certificate ofIncorporation and a Registration number when the CC is registered. Please note that we still have shelf CCs for sale that were registered in 2010.

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This article explains its basic structure.

How to register a close corporation in south africa. Lodgment of annual return by a close corporation with an annual turnover of R 50 million and above. Complete the online application form for a Pty Company Registration You will received a confirmation email with payment details and a reference number. Close Corporations CCs may become shareholders in.

Close Corporations CCs are not being registered in South Africa anymore. Close Corporations Key Features. FULL NAME SAVC REGISTRATION NUMBER Signed at on the day of on behalf of the corporation by its manager.

Incorporated under the laws of or which are effectively managed in the Republic and which derive income from within or outside the Republic. Email us proof of payment indicating the application reference number. The Close Corporation is the simplest company type in South Africa.

A close corporation CC is the entity usually chosen for smaller businesses. Up to 2010 you could register a CC or a Private Company Pty Ltd. The letter must include the following statement confirming that.

However the New Pty that is now available is more suitable and easier to use for South Africans. Corporate Income Tax CIT is a tax imposed on companies resident in the Republic of South Africa ie. Our service is professional and fast - exactly what you need over.

Audited financial statements are not required for Close Corporations. A company is a legal person which has capacity and powers to act on its own. The company type Close Corporation hereinafter referred to as CC is from an international perspective a rare type of a simplified limited liability company.

Contact us stating the CC registration number if available and registered CC Name not trading as name that you require the Certificate of Confirmation for. Consent to waive period. A Close Corporation cc is a legal entity.

Non-resident companies which operate through a branch or which have a permanent establishment. 400000 R150 penalty fee for each late lodgment if filed more than 30 days after anniversary CM25. Close Corporation Registration in South Africa is real simple when you have all the required details by your side and it can take no more than a few minutes of your time to complete the online cc registration form.

It was introduced in 1984 and is still today the most popular legal form to. Since 2011 you cannot register a new Close Corporation. To cancel the deregistration of your business follow these steps.

Onecopy of the Certificate of Incorporation is kept by the Registraranother copy is sent to the CC and a third copy is sent to SARS SouthAfrican Revenue. Under the Companies Act of 2008 these two Company formats were merged and only PTY Company Formats have been registered since. Anaccounting officer must be appointed to the CC as he will draw up thefinancial statements.

When you make any change to a company co-operative or close corporation CC such as appointing a new accounting officer changing the postal address altering share percentages or even adding or cancelling a member you must amend the details at the Companies and Intellectual Property Commission CIPC. According to the South African Revenue Services SARS this effectively means that the company or close corporation is not doing any business nor has any assets or liabilities Pansegrouw says. The letter must include the following statement confirming that.

Annual Returns - Electronic Format. 4 legal must-knows when buying a business PLUS costly mistakes to avoid. Meetings are not compulsory and can be held on an ad hoc basis.

Where a CC required an Accounting officer to sign off on the books on an annual basis the New Pty does. SA Close Corporations is now known as PTY Company Registration - you can visit our new website at PTY Company Registration here. Write a letter to CIPC.

CCs can be start-ups or a mature businesses with a maximum of 10 members. Change information for your business. We will email the Certificate of Confirmation to the email address you are sending your request from.

Looking for a PTY Company Registration. The members of the close corporation to be registered are. Register your company You can register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission CIPC.

Your business name is submitted for reservation.

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