SO YOU WANT TO SET UP A BUSINESS IN GHANA-- 1

 SO YOU WANT TO SET UP A BUSINESS IN GHANA– 1 


You wish to fulfil a dream of setting up your own business in accordance with Ghanaian law, then this article is for you! 

In setting up a business in Ghana, one of the important matters is deciding on whether or not the business shall be set up and run by a sole individual or in association with other individuals in the aim of attaining the common purpose of establishing a company.

A COMPANY as it stands may either be incorporated, that is, there is a clear separation between the company and its members and in this case an artificial or legal entity is formed, or unincorporated where there is no clear distinction between the company and its members. It is important to note here that not every company in Ghana is thus incorporated.

In Ghana, there are principally four (4) main structures or forms under which profit-making businesses are categorised, namely: Sole proprietorship; Partnerships; Limited Liability Companies; and lastly, Companies that are limited by shares.

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