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Change Of Business To Company

Converstion of Business Name to Limited Company

In Kenya, most new businesses first register as a business name before becoming companies. In Kenya, the procedure to change a business name into a company is typically started so that the firm can benefit from the following, among other limited company benefits:

benefits

  • A shareholder's responsibility is constrained to the amount of their share contribution because a limited company in Kenya is regarded as an independent legal entity.
  • In the event of a shareholder's death, they outlive the shareholder's life because the shares can be transferred to another corporation.
  • The great competitive advantage of a limited company enables higher profitability.
  • A Limited Company offers a more expert appearance. Because a Limited Company offers greater legal protection, some industries, contractors, or agencies may want to engage with one.

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