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Vol. 364PRETORIA,6toBER 27 OCTOBER1998|No.. 16783GENERAL NOTICES ALGEMENE KENNISGEWINGS(COMPANIES/CLOSE CORPORATIONS) (MAATSKAPPYE/BESLOTE KORPORASIES)COMPANIESe MAATSKAPPYENOTICE 1123 OF 1995 DEPARTMENT
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Close corporations are legal entities that are typically owned by a small number of members, providing limited liability without the complexity of a traditional corporation.
Typically, all close corporations are required to file annual returns and financial statements with the regulatory authority in their jurisdiction.
To fill out the filing, one must provide relevant business information, financial statements, and documentation of member details as required by local regulations.
The purpose is to offer an easy way for small businesses to incorporate while limiting personal liability for the owners.
The report typically includes the name of the corporation, member details, financial statements, and compliance with local regulations.
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