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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) 709 883
M: (263) 787 828 513

info@companyformations.co.zw

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"The Companies Registry does not do business with unlicensed or unregistered individuals, agents or consultants." Company Formations is a licensed company registration agent with the Deeds, Companies, & Intellectual Property (DCIP) which licenses company registration agents in Zimbabwe.

Company Formations is a member of ZACRA, the association of company registration agents in Zimbabwe with the purpose of encouraging high standards amongst agents and acting as an open forum for  professionals working in the industry.

ZACRA is a recognised association for company registration and ZACRA works closely with government departments such as the Companies Registry and Zimbabwe Revenue Authority (ZIMRA).

Our ZACRA membership is an endorsement of the quality of service we provide and gives our customers the confidence that they are dealing with an agent they can trust.

Company Formations 'CF' is a service by Numeri Incorporated (Private) Limited a registered entity in Zimbabwe at Hungwe House, 69 Jason Moyo Avenue, First Floor, North Wing, Harare, Zimbabwe. Numeri offers company registration in Zimbabwe and related corporate secretarial services.

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