‘Proprietary’ means ‘private’, and is the most popular for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is the most common form of company. Provides for:
- A single Director and single Secretary, or
- Board of Directors with a Secretary;
- Shareholders holding one Class of share;
- Limited Liability
The Constitution for this Company needs to be retained with the Company Records. Fully formatted in Microsoft word, ready to download edit and use. 48 pages long.