The main differences between a Private Business Corporation (PBC) and a Private Limited Company (PLC) in Zimbabwe are:

🔥Number of members:

A PBC can have a maximum of 20 members, while a PLC can have a maximum of 50 members.


A PLC can have shareholders, which are individuals or companies that own shares in the company. A PBC does not have shareholders, but instead has members, which are individuals who are responsible for the day-to-day running of the company.

🔥Memorandum of Association:

A PLC must have a memorandum of association, which is a document that sets out the company’s objectives and rules. A PBC does not need a memorandum of association.

🔥Articles of association:

A PLC must have articles of association, which are documents that set out the company’s internal rules and regulations. A PBC does not need articles of association.

🔥Annual return:

A PLC must file an annual return with the Companies Registry. A PBC does not need to file an annual return.


A PLC must have its financial statements audited by a qualified accountant. A PBC does not need to have its financial statements audited.


The cost of registering a PBC is lower than the cost of registering a PLC.

👉The choice of whether to register a PBC or a PLC will depend on the specific circumstances of your business. If you are a small business with a limited number of members, then a PBC may be a good option for you. If you are a larger business with a larger number of members, then a PLC may be a better option for you.

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