Startup founders face a myriad of challenges, and navigating the legal terrain ensures the success and sustainability of such ventures. As we step into 2024, the legal landscape continues to evolve, presenting both opportunities and risks for startups. Let’s quickly delve into the crucial legal essentials that startup founders must prioritize to safeguard their businesses…
The Finance Act 2020 made changes that’ll affect the tax liability of startups & small businesses operating in Kenya. Digital Service Tax is one such change. Online service providers will pay Digital Service Tax on income derived in Kenya from services offered through any digital market place. What then is a digital market place in…
The ongoing covid-19 pandemic necessitates that all business owners re-assess their risks and exposure in all operational areas of their businesses. It is essential that all small business owners and startup founders stay current with the constantly changing developments and government guidelines and what these may mean for your legal obligations, and your business at…
Most business owners don’t enter into contracts with a view of dishonoring them. Sometimes, unforeseen pandemics do happen. Like right now, with the global covid- 19 situation. While most governments have taken measures to temporarily cushion small businesses from crashing, most businesses are still struggling to meet their usual obligations. Risk management is important, now…
It is possible to cover all your legal bases as a startup founder or a small business owner without getting a migraine. Fact. We recently wrote about some areas in your startup or business where you’ll most likely need guidance informing your decision making. In case you missed it, you can read more about it…
As you probably know, I am a corporate/financing/business lawyer by specialisation. In other words, all things contracts make me happy J Today on The Answers Blog we will be discussing whether all contracts should be written and if not, whether verbally made contracts are really binding. If you reside in a country that applies common…
It’s great that you thought of solving a problem and translating that solution into a business. The bright side is you get to have impact on others and get paid while at it. Awesome! The tricky bit is everything is still not quite simplified as it should be when it comes to legal stuff. Which…
When you apply for a loan as a Small Business Owner or an SME, reviewing the actual terms of that Loan Agreement is the last thing on your mind. Luck for you, this week we will be discussing 3 of some of these key terms and what you should consider when you come across these…
Please note that the deadline for all Kenyans to travel on the new e-passport has been extended to 1st March 2020. By way of a press release dated 25th July, 2019, the government spokesperson Col (Rtd) Oguna advised that Kenyans may continue to use the old generation passports until March 2020. You may read more…
One of the questions I frequently get from Startup Founders relates to the duties of fellow directors in a private company limited by shares. This week on The Answers Blog, we explore 3 duties of directors of company and their implications on the operation of the company. Before you burn bridges with your fellow directors,…