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CONVERSION FROM A CC TO A PTY LTD Why your clients should convert their Close Corporations to a Private Company? Firstly, the principal reason for why close corporations were introduced in 1984 was to cater for the owner-managed type company that did not justify having the same administrative, secretarial and assurance requirements of a medium or large company, including the audit function. However, with the new Companies Act reporting standards are based not on whether the company is a public or private company in terms of its number of shareholders, but on the concept of public interest exposure, known as the PI Score. Most Close Corporations are owner-managed and in terms of section 30(2A) of the Companies Act, owner-managed companies do not require to be audited or independently reviewed, unless their public interest score is in excess of 350 points or between 100 and 350 and their financial statements are compiled internally. On conversion Close Corporations must meet the Solvency and Liquidity Test-a compelling reason to ensure that the company is solvent, liquid and economically viable. The converted Close Corporation will enjoy the benefits of the Business Judgment Rule of section 76(4), which applies to directors, not members. B Doyle can assist you in converting your close corporation to a private company. Contact us at Info@bdoyle.co.za #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #vat #makingmoney #companyregistration #sars #southafrica #bedfordview #b #d #o #y #l #eNEW COMPANY FORMATION The New formation (Company Registration) of a company is the creation of a brand new company with no prior history and is registered directly into the names of the directors of your choice. Let us start your dream today, Let us assist with your company registrations today. The most popular company to register is a standard private company which will be a proprietary limited or (Pty) Ltd company. This will only require a minimum of one director. For other company types such as a non-profit, a minimum of three directors is required. We will be able to give you accurate information in this regard. When creating a new company (Company Registration) is it referred to as a “new formation” and the following steps will be taken: 1) Name reservation – you will be required to register a valid name for your company. If you need us to do this for you, we can certainly assist you. 2)New Formation (Company Registration)– Once the name reservation has been approved, we then attend to the company registration process on your behalf. The time frame for Company Registrations is dependent on CIPC. If you wish for us to assist you with a new company formation please follow the link below: https://bdoylegroup.wufoo.eu/forms/new-company-registration/ #instagram #instagood #company #business #secretarial #makingmoney #company #business #secretarial #makingmoney #company #vat #import #export #custom #secretarial #businessWe have stock of our preregistered VAT entities, which includes the following: •Shelf (PTY) LTD. •VAT Vendor Registration. •PAYE/UIF/SDL Registration. •Income tax registered. •Customs registration, both Import and Export. •E-filing profile activated, ready to be released to your accountant. •Business bank account with Standard Bank, linked to all SARS registrations. •Internet banking to be activated with your preferred username and password upon change of signatory. •Change of directors and registered address (preparation and submission). •Change of shareholding. If you are interested please contact us at info@bdoyle.co.za #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #secretarial #business #secretarial #makingmoney #company #business #secretarial #makingmoney #instagram #instagood #import #export #custom #vat #adCONVERSION FROM A CC TO A PTY LTD Why your clients should convert their Close Corporations to a Private Company? Firstly, the principal reason for why close corporations were introduced in 1984 was to cater for the owner-managed type company that did not justify having the same administrative, secretarial and assurance requirements of a medium or large company, including the audit function. However, with the new Companies Act reporting standards are based not on whether the company is a public or private company in terms of its number of shareholders, but on the concept of public interest exposure, known as the PI Score. Most Close Corporations are owner-managed and in terms of section 30(2A) of the Companies Act, owner-managed companies do not require to be audited or independently reviewed, unless their public interest score is in excess of 350 points or between 100 and 350 and their financial statements are compiled internally. On conversion Close Corporations must meet the Solvency and Liquidity Test-a compelling reason to ensure that the company is solvent, liquid and economically viable. The converted Close Corporation will enjoy the benefits of the Business Judgment Rule of section 76(4), which applies to directors, not members. B Doyle can assist you in converting your close corporation to a private company. Contact us at Info@bdoyle.co.za #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #secretarial #business #secretarial #makingmoney #company #vatNEW COMPANY FORMATION The New formation (Company Registration) of a company is the creation of a brand new company with no prior history and is registered directly into the names of the directors of your choice. Let us start your dream today, Let us assist with your company registrations today. The most popular company to register is a standard private company which will be a proprietary limited or (Pty) Ltd company. This will only require a minimum of one director. For other company types such as a non-profit, a minimum of three directors is required. We will be able to give you accurate information in this regard. When creating a new company (Company Registration) is it referred to as a “new formation” and the following steps will be taken: 1) Name reservation – you will be required to register a valid name for your company. If you need us to do this for you, we can certainly assist you. 2)New Formation (Company Registration)– Once the name reservation has been approved, we then attend to the company registration process on your behalf. The time frame for Company Registrations is dependent on CIPC. If you wish for us to assist you with a new company formation please follow the link below: https://bdoylegroup.wufoo.eu/forms/new-company-registration/ #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #vat #makingmoney #share #sale #company #business #secretarial #makingmoney #secretarialservices #newANNUAL RETURNS All companies (including external companies) and close corporations are required by law to lodge their annual returns with CIPC within a certain period of time every year. An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist. We unfortunately cannot assist with filing the annual returns if your company is audited. If you need assistance with your Annual returns contact us: Info@bdoyle.co.za #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #secretarial #business #secretarial #makingmoney #instagram #instagood #smallbusiness #follow #tagafriend #glowWhat is an External Company? An external company is a foreign company that is carrying on business or non-profit activities within the Republic. It must register with the Companies and Intellectual Property Commission (CIPC) within 20 business days after it first begins to conduct activities within the Republic as an external non-profit company (NPC) or as an external company. If you need assistance with your external company contact us at : INFO@BDOYLE.CO.ZA #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #vat #import #export #custom #secretarial #business #secretarial #makingmoney #company #businessMID YEAR SPECIAL HAS BEEN EXTENDED! Sale on aged Shelf Companies has now been extended due to popular demand. All of our 2017 and 2018 Shelf Companies are now less 50% -valid while stocks last! Available on package options only, which includes all the changes. Please enquire at info@bdoyle.co.za or on 011 268 6652 #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #vat #import #export #custom #secretarial #business #secretarial #makingmoney #company #business #secretarial servicesPRE-REGISTERED CUSTOMS COMPANY We have limited stock on our pre-registered shelf company packages!! Package deal includes: • Shelf company (2018) • Income Tax Registered • Tax Clearance Certificate • Pre-registered import and export code (Customs) • Valid Bank Account • Change of directors, Registered address, Auditors (preparation) • Change of directors, Registered address, Auditors (lodgement) • Change of shareholding Contact us at info@bdoyle.co.za for more details #instagram #instagood #cipc #smallbusiness #cipro #import #export #custom #secretarial #business #secretarial #makingmoney #company #business #secretarial #makingmoney #instagram #instagood #import #export #custom #vat