A proprietary (Pty Ltd) can source funds from the public
Question
A proprietary (Pty Ltd) can source funds from the public
Solution
No, a proprietary company (Pty Ltd) cannot source funds from the public. This is because the 'Pty' in Pty Ltd stands for 'proprietary', which means the company is private. As such, it is not allowed to offer its shares to the general public. The company can only raise funds from its existing shareholders or by borrowing money. This is different from a public company (Ltd), which can offer its shares to the public to raise funds.
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