Advantages to registering a close corporation (cc):

- No annual returns currently required
- Audited financial statements not required
- All members may take part in management
- Meetings not compulsory and can be held on an ad hoc basis
- Close Corporations (cc's) may become shareholders in other companies
- The legal procedures for registration and administration are kept relatively simple
- The proprietor or member is not personally liable for the debts of a CC
- A CC is a legal entity


Members of a CC

The members of a CC are the registered owners and are listed as part of the registration process.
Non South Africans may be members of a CC, provided that their membership details are authorised by the Registration Office.

A Close Corporation may have a minimum of one member or a maximum of 10 members.
There are no limitations in respect of the number of employees in a Close Corporation.
If the member of a CC is under 21, the registration document must be signed by a parent or guardian.

To register a close corporation, one can either register it through an agent, or you can also do it yourself. After assisting hundreds of clients achieve successful registrations through the years, we have now also put together a simple Do-It-Yourself Guide, to help you do exactly that.

Here's what you get:

- A step by step guide to show you exactly how to register your cc or (close corporation) in 3 easy steps,
WITHOUT THE HELP OF AN AGENT
*** This alone will literally save you hundreds of rands
- Highly Recommended)