Business transfer solutions in Kenya
The transfer of control from one management entity to another, also referred to as a business transfer, involves different approaches. Whether changing ownership, assets, moving the business, or transferring share capital, each of these methods results in significant changes for the people connected to the company.
Our business transfer solutions
Our business transfer solutions offer detailed plans to assist with different parts of transitioning a business in Kenya. Whether it includes changing ownership, transferring assets, moving operations, or handling share capital, we provide customized solutions to suit your particular needs and objectives.
Transfer business ownership
We have the ability to provide a resolution for the transfer of business ownership in Kenya, which entails handing over control and decision-making power from one owner or group to another. This procedure generally requires legal contracts and discussions to guarantee a smooth transfer of ownership privileges, duties, and assets. Possibilities may involve selling the business directly, passing ownership to relatives or staff members, or combining with another corporation.
Transfer business assets
The method we have devised to transfer business assets in Kenya involves moving or distributing both tangible and intangible assets from one organization to another. These assets include real estate, machinery, stock, intellectual property, customer agreements, and reputation. We carefully document, evaluate, and follow legal protocols to guarantee the assets are accounted for and safeguarded throughout the transfer process.
Move business to new location
Our company provides a complete package for businesses that want to move to a new place. This includes detailed planning and coordination of moving operations, whether it's within the same city, across the country, or internationally. Our method aims to minimize disruptions, keep customers, and guarantee a seamless transition of assets, employees, and services to the new location.
Transfer share capital
In Kenya, our method for transferring share capital allows for the purchase, sale, or transfer of ownership stakes in a company via share swaps. This can be done through private deals among current shareholders, public offerings on stock markets, or as components of corporate mergers and acquisitions. Adherence to securities laws and shareholder agreements is guaranteed, as the transfer of share capital affects ownership arrangements and voting privileges within the company.
Transfer agreement and documents
A Business Transfer Agreement (BTA) is a contract that allows one company to transfer its assets and liabilities to another. In order to schedule a meeting at the notary’s office to facilitate this process, certain documents are necessary:
- Passport
- Utility bills of the company such as an electric bill or phone bill
- A document providing all of terms and conditions for business transfer
Extra paperwork might be required depending on the specific situation.
We provide help with putting together all required documents and determining key factors like market value, payment terms, and date of transfer.
Key points of business transfer in Kenya
When preparing for a leadership transition in Kenya, keep the following factors in consideration:
1
Assess your company’s actual worth
Evaluating the true value of your company requires a thorough assessment of different aspects such as financial performance, assets, debts, market positioning, and potential for growth. Understanding the market value and possible selling price can help you make strategic decisions about the future of your business.
2
Evaluate options for passing the organization
Consider different possibilities for transitioning the organization, such as selling the business completely, passing ownership to family members or employees, merging with another company, or attracting external investors.
3
Time consumed
Keep in mind that it can take as long as 5 years for ownership to transfer in Kenya, so make sure to plan ahead and give yourself enough time for negotiations, legal steps, and transitioning.
4
Understand taxes of enterprise handover
Get to know the taxes involved in transferring ownership of a business in Kenya, such as government fees for documents transferring ownership of specific goods and the sale of part of a business.
5
Identify possible buyers
Find possible purchasers for your business in Kenya, such as individuals, companies, or investment firms that are looking to buy or invest in your company.
6
Evaluate financing options
Investigate financial alternatives for the transfer process, such as potentially financing part of the agreement yourself or obtaining funding from incoming management or investors, particularly if you maintain ties to the company post-sale.
By taking these factors into account and arranging legal meetings, you can confidently handle the intricacies of a business transfer in Kenya and guarantee a smooth transition for everyone involved.
Transfer business with us
In Kenya, we collect the necessary information based on your requirements and specifications to provide you with a quote. Our team can help you understand the process of property handover in Kenya. Before transferring ownership in Kenya, our experts will also conduct a third-party company evaluation. Contact our team of professionals in Kenya for further details and assistance.
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