Private Company

Close Corporation

Juristic Person

Juristic Person

Enjoys Perpetual Succession

Enjoys Perpetual Succession

Can Have A Maximum Of 20 Director’s Members

Can Have A Maximum Of 10 Members

Companies Can Be Share Holders

Companies Cannot Hold A Member’s Interest but a Trust can.

Comprise Of Directors And Shareholders

Comprise Of Members

Has A Memorandum

Has A Founding Statement

Registered Articles Of Association

Articles Of Association Are Not Required

Annual Return To Be Lodged Each year

Annual Return To Be Lodged  Each Year

Has A 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 (CM1)

Founding Statement (CK1)

Members Hold Shares

Members Hold Member’s Interest

Can Acquire Its Own Shares Under Certain Circumstances

Can Purchase A Members 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 Directors

Register Of Members

Limited Liability

Limited Liability

Audited Financial Statements

Financial Statements

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