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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.
Deciding and
choosing a name can be difficult, try to use the following guidelines
and tips when naming a close corporation (CC).
- Have
a number of choices available because your first choice might be
declined if it is too similar to an existing CC.
- Try
to explain your business in the name, for example a painting company
could be called: Professional Painting Services CC.
- It
is recommended and sometimes compulsory to have up to six proposed
names when registering a CC.
The names must be listed in order of
preference.
- Take
the time to think about the name of your CC as the name will be used
often.
Remember
that the name you choose for the CC must be displayed on the following
with the registration number of the CC.
- The
outside of any place of business
- All
notices, advertisements, or other official publications of the CC
- Business
forms and source forms of the CC
- Close
Corporation’s letterhead and accounting documents.
- Usually
the name and surname of each member is printed below the letterhead,
this is not compulsory and can be left out if the members
names want to
be kept private.
- The
letters CC, in capital letters, must be added to the name of the
business. For example: Professional Painting Services CC
- If
Afrikaans the letters BK, in capital letters, needs to be added to the
name of the business. For example: Professioneel Verf Diens BK
Naming
a Close Corporation is done by deciding on an appropriate name. The
name of the CC has to be decided on before you submit the registration
documents to the Registrar of Companies. The reservation is
done
by completing the prescribed forms and submitting it to the Registrar
of Companies.
The Registrar of Close Corporations will
inform you whether your proposed name may be used. It is important to
remember that when registering a CC is does not give you exclusive
rights to the use of that name.
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