Legal issues hinder success of small businesses – expert

The original article can be found here.

Article Highlights:

  • The Small Enterprise Development Agency partnered with the Institute of Business Advisors Southern Africa to discuss how practitioners in the small business development sector can support SMMEs.
  • The major barrier was time and money.
  • Consulting with an attorney for at least five to 10 hours costs between R10 000 and R20 000,  and drafting a suite of contracts costs between R100 000 and R150 000.