Type of companies under the Kenyan Companies Act 2015

Type of companies under the Kenyan Companies Act 2015

Type of companies under the Kenyan Companies Act 2015 Under Kenyan law, companies can be classified into two main categories: The key difference lies in the extent of liability the members (shareholders or guarantors) bear for the company’s debts. 1. Unlimited Companies In an unlimited company, members have no limit to their liability. They are jointly and personally responsible for paying…

Company Limited by Guarantee in Kenya

When establishing a Public Benefit Organization, formerly Non-governmental Organization, individuals have the option to register it either as a company limited by guarantee (CLG) or as a public benefit organization. The distinction between the two is in the fact that a company limited by guarantee is permitted to engage in non-profit trading activities. Any profits…