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Difference between a Private Limited Company & a Private Business Corporation



Difference between a Private Limited Company & a Private Business Corporation


Private Limited Company

Private Business Corporation

Can be used by SME’s and huge businesses. Mostly meant for small businesses.
Allows you to embark in as many business activities because the memorandum of association can list as many business activities as possible. Allows only 3-4 business activities because the PBC statement of incorporation only allows that few business activities to be listed.
Minimum number of directors is 2. Can have 1  director.
Maximum number of directors is 50. Maximum number of directors is 20.
Directors are separate from shareholders. Directors and shareholders are the same.
Allows individuals and companies to be shareholders. Only allows individuals to be shareholders.
Does not accommodate sole traders. Can accommodate sole traders.
Output Output

Certificate of incorporation

Certificate of incorporation

CR 5 (Former CR 6) List of company addresses

Statement of incorporation

CR 6 (Former CR 14) List of company directors

Memorandum and articles of association

Before registering my company, I didn’t know the difference between a Private Limited Company and a Private Business Corporation. Company Formations agents helped me to make the right choice.

George Machingauta

Founder, Geomach Enterprises

T: (+263) (0242) 753 168
M: (+263) 787 828 513


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