Personal Liability Company – INC Registration
R2,900.00
- A Personal Liability Company (INC), much like the Private Company (Pty) Ltd, is established primarily for financial gain.
- However, this particular entity is specifically tailored to suit professionals such as doctors, lawyers, auditors, and others looking to register a practice.
- In such cases, we will need verification of registration with a professional body like SAICA or HPCSA.
- This company functions on the basis of personal liability, meaning that both the current directors and any previous directors are collectively and individually responsible for the company’s debts.
- Registering an INC requires a minimum of one director, and each director automatically assumes the role of an incorporator.
- Harvest employs the standard long-form (COR15.1B) for INC registrations.
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