A Personal Liability Company (Inc.) is a type of private company designed mainly for professional associations such as lawyers, auditors, engineers, and accountants. It operates under the Companies Act 71 of 2008 and is required to include the word “Incorporated” or “Inc.” at the end of its name.

Typically, only qualified professionals or members of regulated professions can register an Inc. company. These include law firms, accounting practices, architectural firms, and other professional service providers who are governed by a professional body.

A Personal Liability Company must have at least one director and one shareholder, though most professional firms appoint multiple directors who are also practising members of their association.

I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus ullamcorper mattis, pulvinar dapibus leo.

Yes. Only individuals or groups belonging to regulated professional bodies (such as legal, medical, engineering, or accounting associations) can form a Personal Liability Company (Inc.), since the structure is designed for professional service providers.

A Personal Liability Company (Inc.) is taxed like any other company under South African corporate tax laws. It must register with SARS and pay corporate income tax, VAT (if applicable), and comply with PAYE for employees.

Yes. While ownership and directorship are limited to professionals, a Personal Liability Company can employ administrative or support staff, as long as professional services are performed by qualified members.