If your close corporation (CC) has grown bigger and you want to compete with bigger companies in the same market, you can convert it into a company. Converting your CC into a company will enable you to invite other parties to invest as shareholders in your business.
All members of the CC must sign a letter agreeing to convert the CC into a company and become shareholders in the company. If you want to change the CC name, you must reserve a name.
Time to complete: 14 days
- Certified ID copy of the applicant
- Certified copies of the ID documents of all the incorporators and the directors