Legal and Regulatory Framework: Entrep Mod 1

Question 1

Registration of a Venture

If you do not register:

Answer 1

Ease of entry into the informal sector- most unregistered

• you can be fined
• you can be faced with closure
• you can be faced with taxes (businesses - should pay taxes and have a tax registration number)
• issues finding financing
• issues getting contracts

Question 2

Labour Laws