In doing business, you will face many obstacles. These hurdles aren’t just about selling, avoiding losses, and difficult clients. You can also intersect with legal channels. The bigger your business, the greater the effort that comes to swing your business. The following are some of the legal problems that you as a service businessman will be at risk for. Anything?
Do not have legality
Many small service businesses do not yet have a clear legal entity. Some of them also lack an understanding of the legal and licensing aspects, including the requirements that need to be met, as well as the procedures to be followed to complete the process.
If you are really starting out, maybe your business doesn’t need this yet. However, when it starts running, your business needs assistance from legal advisors.
Failure to Return Loans
One legal obstacle often faced by small entrepreneurs is borrowing money from a bank / cooperative for capital, but after that the entrepreneur fails to repay the loan. If you have been unable to repay the loan several times, the borrower will forcibly summon the loan applicant, even bringing this problem to legal channels. Does failure to pay debt for business capital lead to imprisonment? The answer depends.
If you fail to pay your debt, it is not necessarily a criminal sentence. Failure to return a loan is included in civil law, so you are not penalized if this violation occurs. Meaning? You will not go to prison if you don’t …