Convert Close Corporation (CC) To a Private Company (PTY)

Turnaround
3 weeks

Requirements
• CC Documents: The founding statement (CK1) and any amended statements (CK2).
• Member Details: ID copies and addresses for all members.

Process
1. Drafting: We draft the necessary special resolutions and a new Memorandum of Incorporation (MOI) for the new Pty company.2. Application: We prepare and submit the conversion application (form CoR18.1) along with the supporting documents to the CIPC.3. CIPC Processing: The CIPC processes the conversion.4. New Certificate: You receive a new Pty Ltd Registration Certificate with the same registration number but a new suffix (South Africa) (Pty) Ltd.

FAQ
Why should I convert my CC to a Pty company?
Converting a CC to a Pty Ltd allows you to bring in new investors, create different share classes, and establish a more formal governance structure, which is often required for growth, funding, or selling the business.

Is it compulsory to convert a CC to a Pty?
No, it is not compulsory to convert. However, since no new CCs can be registered, converting to the modern Pty Ltd structure is often seen as a necessary step for business expansion and attracting investment.

Modernise your business structure by converting your legacy CC into a more flexible Pty Ltd company. Includes:
✅ Drafting of a new MOI.
✅ Preparation and submission of the CoR18.1 conversion form.
✅ A new Pty Ltd Registration Certificate.