Company Limited by Guarantee in Kenya

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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…

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Understanding Trusts in Kenya

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A trust is a fiduciary arrangement that creates a relationship between the natural/ legal person transferring property i.e. settlor, the person who holds the property on behalf of a third party i.e. the trustee, and the third party who receives the property i.e. beneficiary. Trusts can be  unincorporated or incorporated and the difference between the…