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Private Company (Pty) Ltd
Private companies under the new Act are prohibited to offer securities to the public and the transferability of their shares are also restricted. Private companies however, are no longer limited to 50 members as was the case under the current Companies Act.
Section 21 Organization (Non-Profit Company)
A non-Profit Company is a company that is incorporated for a public benefit or other object. Its income and property are not distributable to its incorporators, members, directors, officers or persons related to any of them, except as reasonable compensation for service rendered. 3 persons & 3 directors may form an NPC.
Business Plans
A set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
Non Profit Organization (NPO)
An NPO is defined, in terms of section 1 of the NPO Act, as a Trust, Company or other Association of persons established for a public purpose and of which its income and property are not distributable to its members or office bearers except as reasonable compensation for services rendered. NGOs and CBOs are collectively known as NPOs.
Cooperatives
An association or corporation established for the purpose of providing services on a nonprofit basis to its shareholders or members who own and control it. The nature and functions of cooperatives differ considerably such as purchasing cooperatives, consumer cooperatives, and marketing cooperatives.
Shares Certificates
A Shares Certificate is a legal document that certifies ownership of a specific number of shares of stock in a Company.
SANAS BEE Certificates
The BEE Act allows for the existence of the BEE ‘Codes of Good Practice’ which provide the structures for the Scorecards and certain rules associated with claiming BEE points. If you have a BEE Certificate then your customers can claim BEE points on their BEE Scorecard for buying from your business. You can get different level BEE certificates (from level 8 to 1).
Business Profiles
A concise brief definition and description of your intended business and how you plan to about it.
Business Proposals
A written offer from a seller to a prospective buyer. Business proposals are often a key step in the complex sales process.