answersLogoWhite

0


Best Answer

# What does "CC" stand for?

In South African law "CC" stands for "Close Corporation", a registered juristic entity much like a simplified company.

# What does "PTY" stand for?

"PTY", usually used in conjunction with "Ltd", thus "(Pty) Ltd", stands for "(Proprietary)". "PTY" representing "Proprietary" means "private ownership". This illustrates one of the main features of PTY LTD Companies: that is, their shareholders are not publically declared, only their directors. Thus the ownership is private.

# What does "Ltd" stand for?

"Ltd" as used in the designation of a private or public company, for example, either "Bilkovo (Pty) Ltd" or "Bilkovo Ltd", stands for "Limited" and refers to the limitation on the liability of company shareholders and directors.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between a cc and a pty?
Write your answer...
Submit
Still have questions?
magnify glass
imp