Private Business Corporation (PBC) Services in Zimbabwe

The PBC is a simplified, cost-effective alternative to the PLC, specifically designed for small-to-medium enterprises (SMEs) and sole traders.

Structure: It does not have shareholders or directors; instead, it has "members" (minimum 1, maximum 20).

Compliance: It has fewer administrative requirements. For instance, it uses a Founding Statement instead of a complex Memorandum and Articles of Association.

Liability: Members still enjoy limited liability, similar to a PLC.