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TOPIC: Close Corporations (CC's) vs Private Companies - New Companies Act

Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2432

  • Sylvia
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I've been looking at different online companies to register a Private Company. Some charge under R500 and others over R1000. All seem to provide the same service so why the big difference?
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2433

  • Dylan Phelan
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Some of those are most likely registering shelf CC's (you can no longer register a CC).

I have sent you a private message with more info.
http://www.MSBonline.co.za - Web design, hosting, internet marketing & CRM
http://www.MSBaccounting.co.za - Pastel accounting & bookkeeping services.
http://www.ecohub.co.za - Natural health & wellness
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2434

Sylvia
The answer on your question is actually very easy. Some to it to make money and some to supply a decent service.

I am registering companies every day, and there is a lot of work in connection with it.

Feel free to contact me for a free quote

Regrads
Francois
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2435

  • Sylvia
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Nope - I only looked at those registering Private Companies. FNB offer a 20% discount to clients who purchase a shelf CC from a link on their website. Their charges are R1050.

Am I allowed to provide web links on this forum - to show some of the different online sites offering the service?
Last Edit: 12 years 1 month ago by Sylvia.
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2436

you can`t register a CC any more, since last year.
Just remember one thing with buying a shelf company, does they tell you that you need an accountant, ect and that you must appoint one within 40 days from the day your company is registered? That is the other big problem, everyone is trying to make a buck, but in the mean while they don`t consult with their clients and tell them everything.
When you register a company, you must have an accountant to sign off your books, and they don`t want you to give them a set of books at the end of the year, and they must just sign it off.
You as the bookkeeper/accountant when you do the books must be sure the books is done according to some basic principles and that you must make sure that the figures you put there is correct and no foul play is involved.
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2437

  • Dylan Phelan
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Hi Sylvia

You are welcome to post a link on the forum so long as it is not direct advertising, links to support questions / the topic are fine.

Knowing the costs and work involved, I would say that anywhere between R700 and R1000 are market related prices.
http://www.MSBonline.co.za - Web design, hosting, internet marketing & CRM
http://www.MSBaccounting.co.za - Pastel accounting & bookkeeping services.
http://www.ecohub.co.za - Natural health & wellness
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Re: Close Corporations (CC's) vs Private Companies - New Companies Act 12 years 1 month ago #2438

  • Sylvia
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