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Registering a Co-operative and legal implications
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Lolest!
#1 Posted : Thursday, July 17, 2014 2:06:18 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Hi all,

We have formed a group for investment purposes(mainly real estate)which is yet to be registered and wish to register it as a SACCO because we think it will mean fewer tax implications.

What is the minimum number of members we need to have in order to register one?

What are the pros and cons of forming a SACCO?

What is the procedure for registering such in Kenya?

Thanks
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Stract_Consulting
#2 Posted : Thursday, July 17, 2014 4:54:19 PM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
You have to visit the commissioner of cooperatives to get exact information. While deposit taking SACCOs are regulated by SASRA, the rest are supervised by the commissioner of cooperatives. This guy has also documented nice details about documents needed.

http://funnyardstick.wor...egistration-procedures/

Have a peek.
Be ignorant and ask a few questions - Peter Drucker
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Lolest!
#3 Posted : Friday, July 18, 2014 11:12:55 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Thanks @stract,Applause Applause welcome to wazua
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Stract_Consulting
#4 Posted : Friday, July 18, 2014 6:00:05 PM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
Lolest! wrote:
Thanks @stract,Applause Applause welcome to wazua


Karibu and Thanks for the warm welcome... This wazua platform is a really nice place..

:d/
Be ignorant and ask a few questions - Peter Drucker
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fantony
#5 Posted : Monday, October 27, 2014 10:04:41 AM
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Joined: 11/6/2006
Posts: 276
Strict this yardstick. Know him? I'd like to have a chat..
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fantony
#6 Posted : Monday, October 27, 2014 10:06:30 AM
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Joined: 11/6/2006
Posts: 276
Stract-consult this yardstick guy. Know him? I'd like to have a chat with him
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jerry
#7 Posted : Monday, October 27, 2014 10:56:55 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Lolest! wrote:
Thanks @stract,Applause Applause welcome to wazua

Welcome to @Stract_'s site http://www.stractconsult.com/
on behalf!
The opposite of courage is not cowardice, it's conformity.
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Stract_Consulting
#8 Posted : Monday, October 27, 2014 2:46:48 PM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
jerry wrote:
Lolest! wrote:
Thanks @stract,Applause Applause welcome to wazua

Welcome to @Stract_'s site http://www.stractconsult.com/
on behalf!


Hi send an email to info@stractconsult.com then we can start chatting.

Or if you prefer twitter, I am here @StractConsult

smile smile smile
Be ignorant and ask a few questions - Peter Drucker
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