Characteristics Of PTY Registration

PTY registration is a kind of registration for companies in South Africa. This registration presents a distinction between ownership and management. It also provides wonderful benefits for businesses that wish to increase their performance and make their businesses more productive. Moreover, private companies that opt for “Proprietary Limited” or PTY. LTD. present these characteristics.

•    Fewer requirements about disclosure and transparency.

•    Restriction of the transferability of shares.

•    The presence of at least one director in its board.

•    Prohibition from offering its shares to the public.

These characteristics can surely help private businesses to have better rules and improved ventures, making their businesses more effective and efficient.

About the author: Wally Asleav is a follower of Growabusiness.co.za. It is a company that offers amazing services that can help businesses improve their performance and get the perfect registration for them.