Whether a business is conducted for a profit seeking purpose or a non-profit purpose, sound advice on the establishment, registration and general governing thereof in terms of the law is needed. Different forms of business structures can be utilized as vehicles to run a successful business, to limit personal liability and to make provision for growth.
The new Companies Act makes provision for all aspects with regards to Companies, whether it has all ready been established or still in the process thereof. The Close Corporation Act governs the existence of Close Corporations and although no new Close Corporation can be registered due to the amendment of the Companies Act , it still a very popular business form which needs to adhere to the regulations of the Close Corporations Act.
At Ramothello & Tsotetsi Incorporated our team will provide its clients with sound advice on all relevant matters pertaining to the Law of Companies and Close Corporations.