For most aspiring entrepreneurs, starting a sole proprietor company is more ideal. It is easy to setup and require less financial requirements.
In order to register a sole proprietorship company, you will need to the following requirements and follow the following steps;
1. Name of Business
A name search needs
to be performed first as part of the registration process. You will fill the
Application for name search form and submit the same to the Companies
registries. We can do this for you.
2. Nature of business
You will need to
come up with one specific nature of business. That is the nature and scope of services you shall be offering
3. Address
This is the principal
place of business – (Plot No., Section and Name of Street or Road, Name of
Building) –If you don’t have a business premises, you can use your home residential
plot number/land reference number for registration that’s if you are starting
your business from home, but you will need to update the records at Company
Registry once you have a Business Premises.
4. Postal Address
You will need a postal
address..
5. Full Names
Full name of the
sole proprietor – Any person who has changed his/her name must give all former
names, unless the change occurred before he/she attained the age of two years.
6. Nationality –
You will require to
enter your nationality as indicated on your identification e.g. Kenyan, German,
British, American, Chinese, South African etc.
7. Age
Make sure you give
your correct age based on your ID/Passport8. Gender – Male (M) or Female (F).
9. Usual place of residence -Where you currently reside e.g. Nairobi, Nakuru, Kisumu, London, Paris, Hong Kong etc.
10. Other business occupation – You will need to enter your occupation e.g. engineer, farmer, hair stylist, web designer etc. If you don’t have one you can simply write either “Businessman” or “Businesswoman”.
11. Signature on the document (usually at the back page of the BN2 Form)
12. Copy of ID/Passport
13. Copy of KRA PIN Certificate
14. Passport Photos
REGISTRATION AND CERTIFICATE
Once the registration is approved, the certificate will be printed and Registrar will sign it before the certificate is scanned into the Registry system. Certificate will be ready for pickup once the process is complete.Do you need to register a Sole Proprietorship? Mail us at akoffide@lawyer.com
Thanks
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ReplyDeletewhat is sole proprietorship- A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated business with only one owner who pays personal income tax on business profits.I prefer best sole tradership service provider in india, go through it sole propietorship
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The due diligence of company of a company is usually carried out before a sale, private equity investment, or bank loan funding is obtained.
ReplyDeleteThe risk of liability can be reduced by converting a sole proprietorship firm into a private limited company, which becomes a separate legal entity and is not liable for its debts, except in fraud cases.
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