Get Compliant from Anywhere, Easy and Fast!

Get Compliant from Anywhere, Easy and Fast!

Get Compliant from Anywhere, Easy and Fast!

Personal Liability Company (Inc.)
Registration

Register your Personal Liability Company (also Incorporated Company) at CIPC
within the quickest possible timeframe.

Only R2990 Once-off.

Register Now OR Get Free Consultation

A Personal Liability Company Inc. is a private company that is mainly used by ‘associations’ such as Lawyers, Engineers and Accountants. The Company’s Name must end with the word “Incorporated”. It operates on the principle of ‘personal liability’. This term means that the directors of the company, as well as previous directors, will be responsible for the debts of the company. The owner of a Personal Liability Company Inc. is considered separate from the company. That means the creditors cannot seize the owner’s personal assets such as a home or investments.

Do you need Personal Liability Company (Inc.) Registration in South Africa?

Unlock the Advantages of a Personal Liability Company to ensure
secure Ownership and Legal Independence today.

Personal Liability Company Registration

R2990 Once-Off

personal liability company registration

Get Compliant from Anywhere, Easy and Fast!

Members at

personal liability experts

50 000+ Clients assisted since 2006

Company Partners assists South Africa’s Entrepreneurs to become registered, empowered, and grow into sustainable businesses. Specialising in company registration and compliance since 2006, we have expanded our expertise to include accounting, payroll and website design.

We begin with a free consultation, offering tailored support to align with your business objectives. Our 120 compliance services include Shelf Companies, COIDA, Imports/Exports, Business Plans, VAT, and others.

We are dedicated to providing the tools and guidance necessary for businesses to develop and thrive over the long term.

We are here to help you succeed!

pic

Free Consultation

Free Consultation with a Compliance Specialist to assess exactly what you need.

tag

Over 120 Services

Full-Scale Compliance Services for all industries, as well as Monthly Tax, Accounting and Payroll Packages.

map

Startup Business Kit

Free Training for SA’s Entrepreneurs
through our free start-up videos and paid business coaching.

track

Online Tracking

Secure Online Tracking System for all your Company Compliance (free).

back

Money Back

If we cannot assist you, you are guaranteed your money back.

What our Clients say!

4,5 out of 5 from 322 Google Reviews

4.8/5
“Fast & Professional”
My experience with company partners are amazing.
Ralston Fisher - R’s Kitchen (Pty) Ltd
“Simple & Effortless”
It is a one stop shop for all your company needs and requirements.
Conrad & Linda Webster - Webster Design (Pty) Ltd
“Great Value”
Stress-free process and all necessary matters are taken care of.
Anél Joubert - JJJ Cubed Consulting and Accounting Services (Pty) Ltd

Over 1000 testimonials and counting. Click here to view more

Frequently Asked Questions

What is a Personal Liability Company?
A Personal Liability Company Inc. is a private company that is mainly used by ‘associations’ such as Lawyers, Engineers and Accountants. This term means that the directors of the company, as well as previous directors, will be responsible for the debts of the company.

A Personal Liability Company (Inc.) is a type of private company predominantly used by professional associations, such as lawyers, engineers, and accountants. One of its defining features is that both current and past directors are held responsible for the company’s debts.

 

There are several benefits to incorporating a Personal Liability Company Inc.:

  • Security: It offers enhanced protection for the company’s owners.
  • Flexible Profit Distribution: Unlike other company structures, a Personal Liability Company Inc. allows its owners the freedom to decide how they wish to distribute profits among the company’s members.
 

While both are incorporated entities, there are subtle differences. Private companies can be incorporated by one or more individuals, must have at least one director, and cannot offer its securities to the public. On the other hand, Personal Liability Companies can also be incorporated by one or more persons but have the added feature of holding directors personally liable for the company’s debts.

 

To register a Personal Liability Company, you only need a minimum of one director.

 

 

One of the advantages of a Personal Liability Company Inc. is its tax efficiency. The company’s profits aren’t subject to double taxation. Corporate taxes aren’t levied on the profits, and taxes are only paid once on the profits distributed to individual members. Moreover, owners have the flexibility to decide how they want these profits distributed.

 
 

At Company Partners, we specialize in guiding professionals like you through the process of registering a Personal Liability Company. Our experienced team ensures a smooth registration, allowing you to focus on your profession while we handle the complexities. With our expertise, you can trust us to set up your company efficiently and compliantly.

A Personal Liability Company (Inc) is ideal for professionals in regulated fields, such as lawyers, accountants, and engineers, where legal and professional compliance is required.

It’s also suitable if clients or industry bodies demand this structure for credibility.

Unlike other structures, directors and former directors of a Personal Liability Company are personally liable for the company’s debts incurred during their time in office.

This ensures accountability and builds trust with stakeholders.

The registration process is manual and involves submitting the necessary documents to the Companies and Intellectual Property Commission (CIPC). Company Partners can handle the entire process on your behalf for a seamless experience.

Ongoing compliance involves adhering to professional and industry-specific regulations, maintaining accurate records, and meeting statutory obligations like annual returns. Our compliance experts can provide ongoing support to ensure your company stays on track.

Personal Liability Companies are subject to strict legal and industry-specific regulations. For example, lawyers must adhere to the Legal Practice Act, while doctors need to comply with the Health Professions Council of South Africa (HPCSA) guidelines.

Similarly, chartered accountants must meet the standards set by the South African Institute of Chartered Accountants (SAICA).

Compliance with the Companies Act and your profession’s governing body is essential.

Yes, registering a Personal Liability Company is an excellent choice for professionals starting solo practices in regulated industries.

For instance, lawyers running their own firms, doctors opening private practices, or chartered accountants offering consulting services can benefit from the credibility and compliance that a Personal Liability Company offers.

This structure aligns your business with professional standards and ensures legal accountability.

Send via WhatsApp