COMPARISON OF THE DIFFERENT FORMS OF OWNERSHIP SOLE TRADER PARTNERSHIP CLOSE CORPORATION Name No specific suffix No specific suffix End with CC 1 2 no limit 1 - 10 Ownership – Name of owners Owner Partners Members Liability Unlimited Jointly & Severally Limited Management Owner All/Some partners All/Some members Founding Statement NOT – Formation documents No requirements Partnership Agreement APPLICABLE Tax in partners personal Tax Tax in personal capacity Company tax Double tax – capacity Paid according to % interest Profits Profits paid to owner Divided between partners held by member PRIVATE COMPANY PUBLIC COMPANY PERSONAL LIABILITY COMPANY Name (Pty) Ltd Ltd Inc
COMPARISON OF THE DIFFERENT FORMS OF OWNERSHIP SOLE TRADER PARTNERSHIP CLOSE CORPORATION Name No specific suffix No specific suffix End with CC Ownership 1 2 – no limit 1 - 10 Name of owners Owner Partners Members Liability Unlimited Jointly & Severally Limited Management Owner All/Some partners All/Some members Formation documents No requirements Partnership Agreement Founding Statement – NOT APPLICABLE Tax Tax in personal capacity Tax in partners personal capacity Company tax – Double tax Profits Profits paid to owner Divided between partners Paid according to % interest held by member PRIVATE COMPANY PUBLIC COMPANY PERSONAL LIABILITY COMPANY Name (Pty) Ltd Ltd Inc
2015%20NGGr%2012%20Bus%20Stud%20Core%20Content_Bus%20Ventures%201.docx