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Listing ID: 2717521

Close Corporation For Sale

Cape Town, Western Cape, South Africa

BUSINESS SOLD

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Close Corporation registered with CIPC.
Tax clearance will be provided and no liabilities transferred,
Loan account credit to member/owner of R577 220,00 on the Balance Sheet. This is affectively worth R161621 at the current corporate tax rate of 28% in South Africa.
NOTE: The loan account credit to member/owner has no immediate cash value but can be repaid to the new owner from future trading profits. As it will be the repayment of a "loan" there is no tax liability.

Property Details

FF&E:

R 1

Inventory Value:

R 1

Operation Details

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

CC is dormant as the business (trading entity) has been sold.

BusinessForSale.com

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Registered Address:
Dynamis Limited. Dynamis House, 6-8 Sycamore Street, London, EC1Y 0SW. United Kingdom.
VAT No. 747791385 Company
Registration Number: 3788210

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