Why a Pty?

The island of Manhattan, from which the term i...

A Pty Ltd company offers limited liability which limits financial risk and would protect your personal assets, etc.
 
Also a Pty is a well-known standard of incorporation worldwide and looks organised and progressive in image.
 
So overall it could be good for business.

Shelf Pty

Need to buy a shelf Pty?

Our pre-registered (shelf) Pty Ltd companies are clean – they have been specifically registered for our clients to take over and use – they obviously have not been traded with before.

Acquiring a shelf Pty allows you to get a name and number for your business within about 1 hour. The final change of directors, etc takes about another 3 weeks to do properly.

For more on Shelf Pty’s, please email us here:

ShelfPty@corp.co.za

Or visit our secure site to read more and order a Shelf Pty from us.

Conversion of CC to Pty Ltd with a property

English: Lunt's Bridge Farm, Widnes Lunt's Bri...

On the subject of conversion of CC to Pty Ltd with a property, the concern of many is what happens to the property and how the conversion affects its ownership and legal standing.

When a CC is converted into a Pty, all of the assets and liabilities of the CC automatically become that of the Pty.

For items like fixed property, although the ownership automatically legally subsists in the Pty after conversion, you will need to supply proof of the conversion to the deeds office and mortgagor so that they can update their register/records with the new company name (if changed) and number. This process should not cost you anything.

Call your estate agent, lawyer or the deeds office to confirm that the above is currently still the procedure, then, if happy with the result, please consider applying through us to do your conversion.

What does Pty Ltd stand for?

  • What does “PTY” stand for?

    “PTY”, usually used in conjunction with “Ltd”, thus “(Pty) Ltd”, stands for “(Proprietary)”. “PTY” representing “Proprietary” means “private ownership”. This illustrates one of the main features of PTY LTD Companies: that is, their shareholders are not publically declared, only their directors. Thus the ownership is private.

  • What does “Ltd” stand for?

    “Ltd” as used in the designation of a private or public company, for example, either “Bilkovo (Pty) Ltd” or “Bilkovo Ltd”, stands for “Limited” and refers to the limitation on the liability of company shareholders and directors.