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Private and Non-profit company registrations:
In terms of the Companies Act, 2008, a company may be registered with or without a company name. When a company is registered without a reserved name, its registration number automatically becomes the company name. This is the quickest way to register a company.
Such a company may transact with a trading (business) name or may apply to add a reserved name at a later stage. In this case, the company will need to first reserve a name and then apply for a name change, which constitutes a change to its Memorandum of Incorporation (MOI) (refer to Maintain a Business).
If your initial name reservation application is not approved, you will need to apply for new names. You may apply for between 1 and 4 names during each application process. Each name reservation application costs R125. A company registration for a private company = R795, and R1275 for a non-profit company.
There are five types of companies that you can register. If you wish to run a franchise business, you would register a private company. If you wish to register a church, you would register a non-profit company. A private school could be registered as a private company or non-profit company, depending on its objectives. An association of professionals such as lawyers, doctors, civil engineers etc., may be registered as a personal liability company.
Important:: Your application will be processed once proof of payment has been received. Fee for this service is R795.00 (Private Company) and R1 450.00 (non-profit Company). Forward your proof of payment to admin@legaladmin.co.za to prevent any delays in the processing of your application. Also, a clear certified copy of all directors Id’s in .pdf format.
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