Private Limited Company
|
Private Business Corporation
|
| Can be used by SME’s and huge businesses. |
Mostly meant for small businesses. |
| Allows you to embark in as many business activities because the memorandum of association can list as many business activities as possible. |
Allows only 3-4 business activities because the PBC statement of incorporation only allows that few business activities to be listed. |
| Minimum number of directors is 2. |
Can have 1 director. |
| Maximum number of directors is 50. |
Maximum number of directors is 20. |
| Directors are separate from shareholders. |
Directors and shareholders are the same. |
| Allows individuals and companies to be shareholders. |
Only allows individuals to be shareholders. |
| Does not accommodate sole traders. |
Can accommodate sole traders. |
| Output |
Output |
| Certificate of incorporation |
Certificate of incorporation |
| CR 5 (Former CR 6) List of company addresses |
Statement of incorporation |
| CR 6 (Former CR 14) List of company directors |
|
| Memorandum and articles of association |
