9.1 Legal Considerations when forming a Business.pdf (2 pages)

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At the outset choose the best legal structure for operating your business a sole proprietorship, partnership, or company. Each one carries a different personal risk and liability for the owner/s. Some accounting, registration, trading and other legal formalities are applicable to all businesses.

Where you personally lack the relevant expertise consult professionals, such as a lawyer, an accountant and a bank manager, to help steer you through the complexities of the business environment and avoid the pitfalls.