Many small businesses in Ghana face legal challenges not because of bad intentions, but due to lack of awareness. Simple legal oversights can lead to disputes, penalties, or business failure.
Understanding common legal mistakes helps business owners take preventive steps early.
Operating Without Proper Registration
Running a business without proper registration or licensing can expose owners to fines and legal sanctions. Formal registration also improves credibility and access to opportunities.
Poor Contract Management
Failing to use written contracts or relying on informal agreements often leads to misunderstandings. Clear contracts help define responsibilities and protect business interests.
Ignoring Employment and Tax Obligations
Businesses must comply with employment laws and tax requirements. Ignoring these obligations can result in disputes with employees or penalties from authorities.
Disclaimer: This article is for educational purposes only and does not constitute legal advice. For advice specific to your situation, please consult a licensed lawyer.