In starting a business whether small or big, the appropriate legal structure is essential. There are a number of different options available in Ghana. You can choose to be either a sole proprietorship, a private limited company, a public company (i.e., listed on the Stock Exchange) a partnership, or a limited partnership. Our focus in this article will be on the features and some advantages and disadvantages of Sole Proprietorship vs Limited Liability companies. This is because the vast majority of micro, small and medium-sized businesses in Ghana either choose a sole proprietorship or a limited liability company format.
