Pat, owner of Pat's Welding (Pty) Ltd., would like to let someone else run the day-to-day operations while he continues to draw an income from the business.Because the business is a (Pty) Ltd., Pat will not have to be concerned about:

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Quizplus · Accepted Answer

Since Pat's Welding is a (Pty) Ltd., Pat will not have to worry about double taxation on his income. This is because the (Pty) Ltd. structure is a separate legal entity which means that the company pays its own taxes on its profits, and Pat will only be taxed on his income as an individual.

Pat, Owner of Pat's Welding (Pty) Ltd