The Different Types of Business Entities in South Africa
You’ve started a business and now you are in the process of registering that business, but you are unsure of which business structure would suit you best. In South Africa there are five main types of business entities or structures to choose from, each with its own advantages and disadvantages. These include sole proprietorship; partnership; proprietary limited company; public company; and a franchise. 1. Sole proprietorship This is the simplest form of business structure