There’s a common misperception that a company has to be formed for a particular purpose. This is simply not the case. The standard short form Memorandum of Incorporation under the Companies Act of 2008 states that “The purposes and powers of the Company are not subject to any restriction, limitation or qualification”. This means that you could run a hotdog stand, rent out offices, and manufacture light bulbs, all in the same company. So, you could have – XYZ(Pty) Ltd trading as ABC (selling hot dogs) XYZ(Pty) Ltd trading as DEF (flying aero planes) XYZ(Pty) Ltd trading as HIJ (washing cars)…
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