Business Statement of Particulars Commissioning in Kenya: What You Need to Know

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If you are starting a business in Nairobi, you will need to obtain a Business Statement of Particulars (BSP) commissioning. This is a legal document that outlines your business’s particulars, such as its name, address, nature, and owners’ names.

To get a Business Statement of Particulars Commissioning in Kenya, you will need to prepare the BSP document with all the necessary particulars. Then, you will need to have the document commissioned by a Commissioner of Oaths.

Commissioning is the process of verifying the authenticity of a legal document and ensuring that it is legally binding. A Commissioner of Oaths is a person authorized by the government to commission legal documents.

To commission your BSP document, you’ll need to visit a Commissioner of Oaths or submit your identifying information alongside the documents. The Commissioner will verify your identity and witness your signature on the document.

Once the document has been commissioned, it will be legally binding and can be used for various purposes, such as opening a bank account or registering for a business permit.

To make this process easier and more convenient for you, you can seek the services of Kraido Advocates LLP law firm by calling +254710761001 or via our Free Inquiry Form. Our experienced lawyers can help you prepare and commission your BSP document quickly and efficiently.

Don’t let legal jargon and bureaucratic processes hold you back from starting your business in Kenya.

What Is Business Statement of Particulars Commissioning in Kenya

If you are a business owner in Kenya, you are required by law to register your business name with the government. As part of this process, you must submit a statement of particulars that displays your business name, the nature of your business, and the address of your principal place of business.

Additionally, you must provide details about the proprietors or partners, including their names, nationalities, dates of birth, genders, usual places of residence, other businesses or occupations, and signatures.

Commissioning of Business Statement of Particulars is the process of verifying the authenticity of the information provided in the statement of particulars. This process involves the use of a Commissioner for Oaths, who is authorized by law to administer oaths and affirmations.

The Commissioner for Oaths will verify that the information provided in the statement of particulars is true and accurate to the best of their knowledge.

To ensure that your statement of particulars is properly commissioned, it is important to work with a reputable law firm that specializes in notary public services.

Kraido Advocates LLP is one such law firm that can assist you with all your notarial needs, including the commissioning of your business statement of particulars.

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Why Is It Important To Commission A Business Statement Of Particulars

Commissioning a Business Statement of Particulars is an essential step for any business in Nairobi. It is a legal requirement that provides clarity on the structure, objectives, and operations of the business. Here are some reasons why commissioning a Business Statement of Particulars is important:

  • Legal Compliance: Commissioning a Business Statement of Particulars is a legal requirement under the Companies Act, 2015. Failure to comply with this requirement may result in penalties or legal action. By having a Business Statement of Particulars, you ensure that your business is compliant with the law.
  • Clarity on Business Structure: A Business Statement of Particulars provides clarity on the structure of the business, including the ownership structure, share capital, and shareholding. This clarity is essential for effective decision-making, as it helps to avoid conflicts and misunderstandings.
  • Transparency: A Business Statement of Particulars provides transparency on the operations of the business. It outlines the objectives, activities, and policies of the business, which helps to build trust with stakeholders, including customers, suppliers, and investors.
  • Protection of Directors and Shareholders: A Business Statement of Particulars provides protection for directors and shareholders by outlining their roles, responsibilities, and liabilities. This clarity is essential for effective risk management and ensures that directors and shareholders are not exposed to unnecessary risks.

Get Commissioning For Business Statement Of Particulars In Kenya

Commissioning a Business Statement of Particulars is essential for any business in Kenya. It is a legal requirement that provides clarity on the structure, objectives, and operations of the business. By having a Business Statement of Particulars, you ensure that your business is compliant with the law, transparent, and protected. If you need assistance with commissioning a Business Statement of Particulars, contact Kraido Advocates LLP law firm today by calling +254 710 761 001 or via our Free Inquiry Form.

For further legal help and consultation, don't hesitate to contact Kraido Advocates by calling +254 799 180 755 or via our FREE INQUIRY FORM.
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