CC to PTY Conversion

A private company allows 1-50 shareholders to be part of it while a close corporation only allows up to 10 members. Conversion of a CC to a Pty can lead to the success of a business as more individuals can be included in the business and this could mean that more capital is invested in the business.

A close corporation may have grown substantially and in order to expand even further, an injection of additional capital by way of shareholders may be envisaged.

Or, the CC may find itself competing with large companies (Pty’s) and believe that they too should become a Pty to “even the playing fields” in the eyes of their market / customers.

CC to Pty Conversions can be a very long process if not done properly. We provide the expertise of our attorneys to insure that all conversions are done in the shortest time possible.