A Comprehensive Guide to Trust Types and Their Uses in South Africa

In South Africa, trusts are widely used legal arrangements that can serve a range of personal, commercial, and philanthropic objectives. They are integral to strategies involving estate planning, asset protection, tax structuring, and succession management. Choosing the right type of trust requires an understanding of their distinct functions and benefits. A trust is a legal […]

The Corporate Veil in Business: Legal Protection and Grounds for Personal Liability

When launching a business, there are generally four primary legal structures to choose from, a sole proprietorship, a partnership, a close corporation, or a private company (proprietary limited), subject to a few specific exceptions. Each option comes with its own set of advantages and disadvantages, but one of the most significant benefits of operating as […]

Come Along and Tag Along Rights: Why They Matter in South African Private Companies

When establishing or exiting a private company in South Africa, shareholders often focus on profit forecasts and ownership percentages. However, one of the most critical and often overlooked considerations is the exit strategy. What happens if you want to sell your shares, or if another shareholder decides to sell? Two contractual tools, “come along” rights […]