Can I still form a CC?
Derek Springett
Chief Executive Officer at Harbour and Associates Management Services (Pty) Ltd
When the new Companies Act came into effect back in 2010, it ceased to be possible to form a CC, but existing CCs were, and still are, allowed to remain in that form.
What many people don't realise is that a CC is not the best form of business entity. It has been surpassed by the (Pty) Ltd company.
The main differences are -
So, why do I still get people bemoaning the end of CC registrations?
Simply because they don't know the above.