Personal Liability Company (Inc.) Registration

Register a Proprietary Limited Company

(Pty) Ltd

Save: R950

R799

Price Includes:

  • Registered (Pty) Ltd Company
  • Documentation and Fees
  • SARS Income Tax Number
  • Turnaround Time: 24-Hours!
Price Excludes:
  • Beneficial Ownership Information Declaration
  • Share Certificates and Share Register
  •  B-BBEE Certificate
Register Now!

Documents you need provide us with

Company Name Reservation

  • 4 name options for your company

ID Documents of Directors & Incorporators

  • Certified copies of South African ID Documents or valid passport for foreign directors/shareholders

Proof of Business Address

  • A recent utility bill (not older than 3 months), lease agreement, or affidavit confirming the companies registered address.
Register Now!

What is a Personal Liability Company?

A Personal Liability Company (Inc.) is a private company where the directors and past directors are personally liable for the debts and liabilities of the business, even after they leave the company. It is commonly used by professionals such as lawyers, accountants, engineers, and doctors who are legally required to take personal responsibility for their practice.

This type of company is similar to a Proprietary Limited (Pty) Ltd but differs in that directors remain personally liable for any debts incurred during their time in office.

Benefits of Registering a Personal Liability Company

  1. Professional Compliance

    • Ideal for professionals such as lawyers, accountants, and doctors who are required by law to operate through a company structure while maintaining personal accountability.

  2. Separate Legal Entity

    • The company exists separately from its owners, ensuring continuity beyond the involvement of individual directors.

  3. Perpetual Succession

    • The company continues to exist even if directors change, making it a stable business structure.

  4. Formal Business Structure

    • Enhances credibility and trust with clients, financial institutions, and regulatory bodies.

  5. Tax Efficiency

    • Companies are taxed at a fixed corporate rate, which may be more favorable than personal income tax rates.

  6. Limited Shareholder Liability

    • While directors remain personally liable for debts, shareholders are only liable for their investment in the company.

  7. Easier Access to Funding

    • Banks and investors are more likely to provide financial support to a registered entity than to an individual or partnership.

  8. Legal Recognition

    • Registered with the CIPC, providing legal protection and recognition for the business.

Post-Registration Registration Requirements

  • Tax Registration (SARS) – Your company is automatically registered for income tax with SARS upon incorporation.
  • VAT Registration –If your company’s turnover exceeds R1 million per year, VAT registration is mandatory. You can voluntarily register if turnover is above R50,000 per year.
  • PAYE, UIF, and SDL Registration –If you have employees earning above the tax threshold, you must register for Pay-As-You-Earn (PAYE), Unemployment Insurance Fund (UIF), and Skills Development Levy (SDL).
  • COID Registration – Workman’s Compensation Fund.
  • Beneficial Ownership (BO) – Disclosure As per CIPC regulations, all companies must declare their beneficial owners within 10 days of registration and update this information regularly.
  • Corporate Tax Returns – Annual tax returns must be submitted to SARS..
  • Accounting & Financial Compliance – Open a Business Bank Account – Essential for managing company finances separately from personal accounts. Appoint an Accounting Officer/Auditor – Certain companies (like Personal Liability Companies) must appoint a registered accountant or auditor. Maintain Financial Records – Keep proper records of financial transactions, invoices, and tax filings.

Why Choose TrustNest Solutions to Register Your company?

At TrustNest Solutions, we make company registration fast, hassle-free, and affordable so you can focus on growing your business. Unlike traditional service providers that charge excessive fees and take weeks to complete the process, we offer a seamless, efficient, and cost-effective registration service tailored to your needs.

 

 

Expertise You Can Trust

With years of experience in company formations and trust registrations, we ensure your business is set up legally and correctly from the start.

 

Speed & Efficiency 

Get your company registered within 24-hours not days or not weeks! We handle all paperwork and submissions on your behalf.

 

Transparent, Affordable Pricing 

No hidden fees. Get professional company registration at a fraction of the cost charged by attorneys or accountants.

 

End-to-End Business Solutions 

Beyond registration, we assist with SARS tax registration, VAT, B-BBEE, compliance, and more to ensure your company is fully operational.

 

Personalized Support 

Our team provides dedicated support, guiding you through the entire process with expert advice and step-by-step assistance.

 

 

Start your business the right way – register with TrustNest Solutions today and take the first step toward success!

Begin the process of registering a Property Trust by completing the form below. As soon as we receive your request our office will be in contact with you.