Registrations NPO, NPC & CORPORATIVES

Over years we have gained the knowledge and know how, on effective registrations, depending on the requirements and or needs of the client. We successfully register Non-Profit Companies, Non-Profit Organisations and Corporatives. This includes the applicable constitution and memorandum of agreement.

We are able, after interaction with our client, establish the appropriate registration according to a dream or project.

Further we have successfully acquired funds for such entities. 



NPO

is an oranization that has been formed by a group of people in order "to pursue a common not-for-profit goal", that is, to pursue a stated goal without the intention of distributing excess revenue to members or leaders. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends.

This is known as the non-distribution constraint. The decision to adopt a nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption or charitable status.

Need to know:

  • The name of a Non-Profit Oranization number will start with "NPO".
  • Must have a minimum of 5 members.


NPC

is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest.

The income and property of a non-profit company is not distributable to its incorporators, members, directors, officers or persons relating to any of them and must be used to advance the purpose for which it was created, as set out in its MOI. A non-profit company must have at least three incorporators and three directors and may be registered with or without members. A non-profit company is not required to have members. The members of a non-profit company are persons who participate in the activities of the non-profit company, such as members of a church or a pension fund. Non-profit companies registered without members, may be registered with a standard or a customized Memorandum of Incorporation (MOI).

Need to know:

  • The name of a Non-Profit Company will end with "NPC".
  • Incorporated by at least 3 persons for public benefit, social activities, communal or group Interest, etc.
  • Must have a minimum of 3 directors.
  • The primary objective is to be a benefit to the public and not to make profit.
  • Income/property may not be distributed to the incorporators, members, directors or officers.


CORP

A very simple definition of a co-operative would be to say it is a business where a group of people get together voluntary to address their common needs. 

A co-operative is a distinct form of enterprise that provides services and/or products to its members. Profits, known as surpluses in a co-operative, are divided among members in relation to the amount of the business each member did with the co-operative.

By registering a co-operative, you are creating a legal entity with certain powers to act on its own and certain responsibilities. Before registering a co-operative, take note of the important record-keeping that need to be done by a co-operative.

Before you decide to register a co-operative you need to have a formation meeting to decide on common purpose and agree to register a co-operative.  At the formation meeting the members have to decide on the form and type of co-operative. 

Need to know:

  • Co-operatives have certain principles, and are expected to include certain values in all the work that it undertakes. 
  • Must have a minimum of 5 founding members.