Abstract
M.Comm.
This study summarises certain of the more important legal issues of which the small business
person should be aware and concentrates on three distinct areas, namely:
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.