Hi, finally I've posted my first blog! Been wanting to do this for a long time but lazily never got around to it. I'm an entrepreneur of sorts and my blog will concentrate on entrepreneurship in Kenya. You're all welcome to post comments.
Differences between a Business Name (Sole-Proprietorship / Partnership) and a Limited Liability Company
While consulting for our online company registration service, Incorporator I find myself answering the question "What is the difference between a sole-proprietorship and a company?" Anybody who is considering starting a business must consider what type of business structure is needed for his or her particular situation. In Kenya there are three types of structures that one can use to start their business. 1. An LLC, or Limited Liability Company 2. A sole proprietorship 3. A Partnership A Sole-proprietorship and a Partnership are registered through the same manner (Form BN/2) with the exception that a partnership has more than one owner and although not necessary, entrepreneurs are advised to register a partnership deed as well. In this article all references to sole-proprietorship also include partnership. Understanding the advantages and disadvantages of each structure is important when deciding which one you want to use for your company.
Comments
you got some really good insight about Kenya entrepreneurship, there is also a good website that provides good information, advice and resources for Kenya small businesses, www.kenyasmallbusiness.com. its pretty cool
Dav
Thanks for the link, I visited it but find how to access the info - no links visible :( It looks like a real good idea and I would love to participate somehow, let me know.
inorder to access the website you will need to register and become a ksb360.com member its free.
Dav
Visited ksb360.com but first thing I got was a prompt for username and password. Wasn't able to get past that. Is there anything I'm missing?
Harry.
Have a look at the website www.sisimua.com. Its idea is to have an african virtul department store. Your views on it?