n Transactions of the Centre for Business Law - Preface / Voorwoord

Volume 2010, Issue 44
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The 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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