|
|
Close
Corporation (CC) Guide
A Close
Corporation or CC is the
simplest, easiest and most practical form of ownership that is a
popular choice for many business owners and entreprenuers.
A
Close Corporation or a CC is a form of business
ownership that
combines the advantages of a sole proprietor and a partnership with the
advantages of a company.
CC is a type of ownership
that is suitable for small to medium sized enterprises. If you
are
looking for an easy and inexpensive form of ownership that has a legal
presents then a CC is the right option for you.
All Close
Corporations are monitored by the Registrar of Close Corporations and
they will have to obey the rules and regulations outlined in the Close
Corporation Act.
Please feel free to browse this website to learn more about setting up
and registering a Close Corporation or CC.
Popular Close
Corporation (CC)
Articles
Business
Insurance for Close Corporations
Just
like most businesses, Close Corporations also require business
insurance to cover certain aspects of the business such as the income,
liability, land and buildings etc. This article will discuss the
Business Insurance Policy and why insurance is needed for any business.
Naming a
Close Corporation (CC)
One
of the first requirements to registering a Close Corporation (CC) is to
decide on a name for your business. This article will provide you with
useful tips and advice that need to be considered when thinking about a
name for your business.
Advantages
of a Close Corporation (CC)
As with all forms of ownership, there are
advantages and
disadvantages. A Close Corporation has advantages and disadvantages, it
is important that both the advantages of a CC and the disadvantages of a
CC are considered before making a decision.
Members
of a Close Corporation (CC)
The
owners of a Close Corporation (CC) are called members. A Close
Corporation may have a minimum of one member and a maximum of ten
members. Knowing how to set up a CC is important, but knowing
about the owners and their equity in the business is also important.
Forms Of
Business Ownership
Deciding to run a Close Corporation is not the only choice available.
This article tabulates the differences and compares the other forms of
ownership. Besides a Close Corporation their are other forms of
business ownership such as a Sole Trader, Partnership, and a Private
Company or Public Company. Each form of ownership has their
own
advantages and disadvantages that need to be taken into
consideration.
|
|
|
