n Transactions of the Centre for Business Law - Preface / Voorwoord
|Article Title||Preface / Voorwoord|
|© Publisher:||University of the Free State|
|Journal||Transactions of the Centre for Business Law|
|Publication Date||Jan 2010|
The raison d'être of the Close Corporations Act 69 of 1984 is the provision of a simple, deregulated, decriminalized, inexpensive and flexible free standing limited liability vehicle for the single entrepreneur or small number of participants, to meet his/her or their reasonable needs and expectations without burdening him/her or them with legal requirements that would not be meaningful in the circumstances.
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