Personal Liability Company (Inc.)

What is a personal liability company? A personal liability company must end with the word “Incorporated” (Inc.), which meets the criteria for this type of private company. The directors and previous directors of the company, are equally and legally responsible together with the company for any debt and liabilities of the company that were contracted …

Private Company

A Private Company is treated by law as a separate legal entity and it has to register as a tax payer in its own right. It has a separate life from its owners and it is required by the Companies Act, No 71 of 2008, to perform right and duties of its own. The owners …

Business Plan

Business Plan

Business plans are normally required by bankers, investors and partners when you approach them for finance or their services. It is very unlikely that any of them will lend you money based solely on a business plan but it may help in giving them confidence that you are well researched and profession when it comes …