Sekere Regs- En Regsverwante Aspekte van Belang Vir Die Kleinsakeondernemer

• Main Author: Novella, Couzette
• Format: Dissertation
• Language: Afrikaans
• Published: ProQuest Dissertations & Theses 01-01-2012
• Subjects: Entrepreneurship; Finance; Law; Management
• ISBN: 9798744434502

The aim of this study is to summarise and briefly comment on certain legal and closely related aspects of importance to the small business person.To be successful in the business environment where competition is ever increasing, the small business person has to rely on various skills and knowledge, inter alia knowledge of basic financial management, strategic management, marketing management, knowledge of his product or service and his specific clients. Necessary knowledge often overlooked is a basic knowledge of the legal system and process which is essential to the small business person's success in his business. Ignorance in this respect often leads to substantial losses and even closure.This study summarises certain of the more important legal issues of which the small businessperson should be aware and concentrates on three distinct areas, namely:a) The opening and registration of the business with specific reference to the business entities under which such business can be operated with the advantages or disadvantages of each of such entities;b) The daily operation of such business with specific reference to agreements which the small business person are likely to enter into; and c) The liquidation of the business with specific reference to the liquidation process, be that as a result of failure or as a harvesting mechanism where the business is sold.Each of the areas abovementioned are discussed in theory and with reference to either specific case law or examples of every day occurrences to indicate the seriousness of possible ignorance of the various issues discussed.