The good news is that if your present business structure does not work for you, you can always modify it.
Your business legal structure has an enormous impact. It is an important component in determining how much liability your business face, and the separation between your personal and business taxes.
We explore the legal structure as provided in Kenya by the Business Registration Service, and provide you with key factors to consider.
Why selecting the appropriate business structure from the start is the most critical decision you can make as an entrepreneur.
- Taxes: Your chosen legal structure has a direct impact on your tax burden.
- Registration: To register your business, you must have a legal structure. It also determines the cost of registration.