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Showing posts from August, 2021

Keeping Big Brother Away: The Significance of Legal Compliance Audits

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Legal Compliance Audits - What and Why? The need for legal compliance need not be overemphasized. The government has upped not only its regulatory mechanisms, but also enforcement. MDAs and regulatory authorities have had their resources enhanced in order to keep abreast with the financial and operational advancements of the private sector.  Consequently, the need for legal compliance is higher than ever. What, therefore, are the benefits of legal compliance checks for your business? LCCs and LCAs help your business to avoid the financial liabilities that arise from lack of compliance or partial compliance. Legal Compliance Checks (LCCs) and Legal Compliance Audits (LCAs) detect risk areas in your business and make recommendations geared at lowering or eliminating these risks. Compliance checks enable your business to become aware of new or emerging laws and regulations that your business was unaware of. By being aware of the possible legal pitfalls and by being conversant with new...

Family Succession and Estate Planning - For Peace, For the Children

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  Why Should I Plan My Estate? In two words, for peace and order. Peace during your time on earth. Order for your loved ones after your lifetime. Planning your property ensures that you cater for your loved ones adequately and that you prevent unruly relatives from inheritance-grabbing – a practice that is becoming increasingly sinister in Kenya. What Succession Planning Options Do I Have? You can have a Will. You may opt for a Holding Company. You may decide to incorporate a Trust. Indeed, you may transfer all your property during your lifetime. All these methods have their pros and cons, depending on the type(s) of property you have, the number of dependents and a few other factors. At Kirira & Partners Attorneys , we help you decide on an appropriate estate planning method. We will then guide you on implementation and securing your desires and the rights of your dependants. Trusts Sound Complex. How Can I Know More? Trusts are one of the most effective and p...