Proprietary company

Proprietary limited companyPty LtdPrivatePty. Ltd.PtyPrivate companyProprietary LimitedPty Limitedcompany limited by sharesP/L
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.wikipedia
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Privately held company

PrivatePrivate companyprivately held
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.
In many countries, there are forms of organization which are restricted to and are commonly used by private companies, for example, the private company limited by shares in the United Kingdom (abbreviated Ltd) or unlimited company and the proprietary limited company (abbreviated Pty Ltd) or unlimited proprietary company (abbreviated Pty) in Australia.

Limited company

LimitedLtdlimited liability companies
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.
The private company equivalent in Australia is the Proprietary Limited company (Pty Ltd).

Australian corporate law

Australian company lawAustralian corporations lawAustralia
A proprietary company must have at least one director, who may also be the company secretary and/or sole shareholder.

Australia

AUSAustralianCommonwealth of Australia
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited. * 🇦🇺 Australian Company Number (ACN)

South Africa

South AfricanRepublic of South AfricaRSA
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.

Unlimited company

unlimited liabilityunlimitedunlimited liability company
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.

Public company

Publicpublicly tradedpublicly traded company
However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do.

Jurisdiction

jurisdictionsjurisdictionallegal jurisdiction
However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do.

Fundraising

fundraiserfund-raisingfund raising
Another important restriction relates to fundraising.

Prospectus (finance)

prospectusdisclosurePrivate Placement Memorandum
A proprietary company must not engage in fundraising that would require a disclosure document such as a prospectus, an offer information statement, or a profile statement to be issued (sec.113(3)).

Revenue

turnoverrevenuesgross revenue
The differences here relate to issues such as operating revenue, consolidated gross assets, and the number of employed persons.

Asset

assetstotal assetstangible asset
The differences here relate to issues such as operating revenue, consolidated gross assets, and the number of employed persons.

Auditor

auditing firmauditionAuditor-General
Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities and Investments Commission (ASIC).

Financial statement

financial statementsfinancial reportingfinancial report
Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities and Investments Commission (ASIC).

Australian Securities and Investments Commission

Australian Securities and Investment CommissionASICAustralian Securities & Investments Commission
Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities and Investments Commission (ASIC).

Company

companiesenterpriseenterprises
Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares.

Shareholder

shareholdersstockholderstockholders
Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares. The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders).

Corporate law

business lawcompany lawcorporate
To help identify companies more uniquely and concisely, many countries have a company number which does not change if the company changes its name.

South African company law

South African law of partnerships and trustsCompanies Act, 2008company law