Private Company	Close Corporation
Juristic Person	Juristic Person
Enjoys Perpetual Succession	Enjoys Perpetual Succession
Can Have A Maximum Of 50 Members	Can Have A Maximum Of 10 Members
Companies Can Be Share Holders	Companies Cannot Hold A Member’s Interest
Comprise Of Directors And Shareholders	Comprise Of Members
Has A Memorandum	Has A Founding Statement
Registered Articles Of Association	Articles Of Association Are Not Required
Compulsory Annual Return To Be Lodged	Compulsory Annual Return To Be Lodged
Has A Share Capital	Has Member’s Contributions
Has An Auditor	Has An Accounting Officer
Convenes An Annual General Meeting	Annual General Meeting Discretionery
Certificate Of Incorporation	Certificate Of Incorporation
Members Hold Shares	Members Hold Member’s Interest
Can Acquire Its Own Shares Under Certain Circumstances	Can Purchase A Members Interest
Directors Are Responsible For The Day To Day Management Of The Company	Members Are Responsible For The Day To Day Management Of The Close Corporation
Register Of Members	No Register Of Members
Limited Liability	Limited Liability
Audited Financial Statements needed	Just Annual Financial Statements needed
Can give assistance to Purchase of or subscription for share of the Company in certain circumstances	No Prohibition On A Close Corporation To Provide Financial Assistance For The Acquistion Of A Member’s Interest