sole proprietorship
As partnerships can have up to 20 members, decision-making can be slow and cumbersome if there are too many people involved. In the case of a private company, all directors have shared control of the business, and all decisions must
The registration requirements for a private company are quite onerous and the entity must be registered with the Companies and Intellectual Property Commission (CIPC) meaning that administration and set-up costs are higher and will include annual fees payable to CIPC.
A partnership is effectively a joint venture between two or more people who have come together for the purpose of carrying out a trade, business or profession, although it is important to note that it is not a separate legal
