| Private Company |
Close Corporation |
| Juristic Person |
Juristic Person |
| Enjoys Perpetual Succession |
Enjoys Perpetual Succession |
| Can Have A Maximum Of 50 Members |
Can Have A Maximum Of 10 Members |
| Companies Can Be Shareholders |
Companies Cannot Hold A Member’s Interest |
| Comprised Of Directors And Shareholders |
Comprised Of Members |
| Has A Memorandum |
Has A Founding Statement |
| Registered Articles Of Association |
Articles Of Association Are Not Required |
| Compulsory Annual Return To Be Lodged |
No Annual Return To Be Lodged |
| Has Share Capital |
Has Member’s Contributions |
| Has An Auditor |
Has An Accounting Officer |
| Convenes An Annual General Meeting |
Annual General Meeting Not Required |
| Certificate Of Incorporation |
Certificate Of Incorporation |
| Members Hold Shares |
Members Hold Member’s Interest |
| Can Acquire Its Own Shares Under Certain Circumstances |
Can Purchase A Member’s Interest |
| Directors Are Responsible For The Day To Day Management Of The Company |
Members Are Responsible For The Day To Day Management Of The CC |
| Register Of Members |
No Register Of Members |
| Limited Liability |
Limited Liability |
| Audited Financial Statements |
No Financial Statements needed |
| Prohibition On A Company To Provide Financial Assistance For The Acquisition Of Its Own Shares |
No Prohibition On A CC To Provide Financial Assistance For The Acquisition Of A Member’s Interest |
