Question 1

Does my company registration include share certificate and a share register?

Accepted Answer

Not as part of the standard package, but Share Certificates and a Share Register may be purchased here.

Question 2

Will my company by registered for income tax?

Accepted Answer

Yes, when your company is registered it will automatically be registered with SARS for income tax.

Question 3

Will I get to choose a name for my company?

Accepted Answer

Yes, your will have the option to select a name for your company on registration.

Question 4

What is the difference between a personal liability company and a private company?

Accepted Answer

The main difference between an Inc. / personal liability company and a (Pty) Ltd / private company, is that the directors and past directors of a personal liability company are jointly and severally liable together with the company for any debts and liabilities arising during their periods of office.

Personal Liability Company
Registration – Inc

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Common aspects of registering a personal liability company

Creation of separate legal entity

Used by specific professions