Legal Haste

25/01/2024

07/11/2022

7 Benefits of Company Registration

1. Increases authenticity
2. Shields you from personal liability
3. Increases growth potential
4. Easy to get credit and financing from investors
5. Attracts more customers
6. Offers liability protection to your company's assets
7. Greater capital contribution and stability

16/05/2022

6 STEPS TO START A LIMITED LIABILITY COMPANY

Starting a limited liability company offers the owners protection than if they continued to operate as sole proprietors.
A limited liability company, exists separately from its owners (known as members) and the owners are therefore shielded from personal liability of business debts.

So you want to start a Company? Here’s a 6-Step guide to follow:

Step 1: Reserving a Name for Your Company

When choosing a name for your company seek to stand out with a unique name.

A Google search may give you a slight idea of similar existing company names which you should stay away from or not propose to be used in your application for reservation.
But deeper research should give you at least 3 named you may submit to URSB for a choice of possible name for your company.

A choice of a unique name avoids confusion and trademark infringement claims. A distinct name can also be used as your domain name for your website.

Step 2: Choosing shareholders and directors

A limited liability company will have at least two (2) directors if it is not a Single Member Company. These shall be appointed from the shareholders in the company and are the ones responsible for running the business of the company.

A shareholder must be over the age of 18 years to qualify as Director.

Step 3: Prepare a Memorandum and Articles of Association

This memorandum contains the Objectives of forming the company and the business of the company as well as the share capital of the company.

The Articles on the other hand specify how the affairs of the company will be conducted and specifies such things as the ownership interests and voting rights of the members, how profits and losses will be allocated, how meetings will be held, how the business will be governed, the rights of the members if one of them dies or leaves the business, and the way the company will be dissolved if it goes out of business.

25/01/2022

At Legal Haste, we over the years have helped hundreds of individuals turn their ideas into reality by helping them through the process of registering their companies.

Here below are the 6 main benefits that incorporation has provided to our clients:

1. Legal Shield: Registration of companies shields the owners of company from being personally liable from the actions or omissions by the company.

The individual is also protected from risks and losses by the company.

2. Increased Customers: The customer is confident dealing with a registered entity and can always trust that their transactions with them are legitimate.

As such registering your company builds confidence and increases customers walking through your door.

3. Access to credit: A the relationship created by the customer (company) and the Bank allows the bank to extend credit easily because they are dealing with a registered company.

This allows the bank to do business with an entity they can trust.

Potential investors are also attracted to invest their monies in a registered company and this helps the company increase its capital.

4. Expansion: Our clients have seen expansion once they register their companies because they can take on large businesses and sign bigger contracts from their clients.

5. Stability: Registration helps build stability for the proprietors as these tend to see the business in the long-term.

This encourages further investment and capital contributions from the owners

6. Company Assets: The assets of the registered company now belong to the company and not the individuals.

Assets as buildings, motor vehicles and land procured by the company under its name are protected from any possible individual interests of the proprietors or shareholders of the company as they are distinct as company property.

Ready to register that company? Legal Haste can help you through the process in a fast, affordable way and in your comfort.

Contact us today on Whatsapp 256 772868081 or email us on [email protected].

You too can enjoy the benefits of having a registered company.

07/01/2022

EASY BUSINESSES TO START IN 2022-PART 1

Are you looking to start a business this new year? Are you planning to a side-hustle? 80% of most New Year's Resolutions have "Starting a Business" in the top three of the list.

Whether you've been thinking about the best small business to start or just want to dip your feet into the entrepreneurial waters with a small side business, starting a new business these days has never been so easy.

If you're looking for an easy business to start, the trick is to keep in mind the costs you'll incur as well as any registration fees or licenses you might need to acquire in order to ensure your new business stays legally compliant.

So you ask what's the best small business for me to start this year?
There are many easy startup businesses out there, and the best business to start for one person may not be a good business for someone else. A lot depends on your own particular skills and talents, as well as the kind of work you enjoy doing.

A good way to start your research into starting a business, whether it will home based business, one you can do online or offline or any other kind of business.

The best business option could probably be the one that is a good fit for your talents and skills, lets you do something you enjoy and is within range of your start-up business budget.

There are lots of options for easy businesses to start quickly, cheaply, and easily but whatever your choice is, make sure it utilizes your strengths and engages you.

Look into the list to see if any of them look appealing to you.

1. Design: This has become a popular trend and line of businesses you can start with minimal capital.

Whether it is graphic design, web design, interior design, merchandise design, or even just compound design, everyone wants something beautiful designed to perfection.

The skills you may need may be available with a little self-training using online videos or maybe by taking a short course and you will be on your way to some income for yourself.

2. Electronics: Today you could begin your own mobile electronics repair service by offering to fix electronics in people’s homes.

Many electronics lie abandoned in owner’s garages, kitchens and stores yet all it would take is just about shs.20,000 to have them fixed and working again.

You could save people and organizations some money by offering to take the service to homes, offices and workplaces while making some for yourself.

3. Cooking: I can tell you countless numbers of friends who make good income from this and all it took was them just starting.

For some it is a passion they have improved by trying out different recipes and got very good feedback about their wonderful meals or baking.

While you may start this out as a passion or set-out from the onset to do it as a business cooking offers great opportunities as a side or even main hustle.

You could consider a catering service and turn your home into a micro-restaurant. You have a number of friends too and could consider organizing monthly dinners and cocktail parties in right your compound.

This will help promote your “micro-restaurant” while assuring you of some income every month.

Did you also know that a snack and juice stall in your neighborhood could guarantee you some daily income that you can save to reach some of the goals you have long considered yourself unable to achieve? Why not start today?

4. Baking: Like cooking, baking I another of the businesses that you can start in your kitchen. Have you considered converting your big kitchen into a mini-bakery?

At one of the seminars I attended the speaker mentioned the need to maximize the rent that you pay for that house you live and this could be a wonderful way to earn as you pay.

If you already haven’t, please consider taking a short online course in baking or just utilize your data by learning some baking skills and all will come back at you with the demand of your tasty confectionery.

5. Consulting and coaching: Today these have become a career up there with the well-known traditional careers.

Do you have any specialised training and can offer coaching or consulting service? The opportunities are readily available with clients including individuals and organisations.

You could offer your services in person or remotely online on areas including personal finance, human resource, branding, marriage, career guidance among others.

6. Computers: The opportunities brought by computers in this information age include computer repairs and maintenance, computer training.

With some IT and code training you could remotely offer support, web designing, software development, app development, freelance programming.

You could also consider selling printers, mobile toner refilling service for some extra income.

7. Use your car: Do you own a car, can drive or have a friend/parent with a car? You already know about the car sharing service like Uber where you enlist with the company to provide the service on the app.

Besides that you can consider your car as the office to your mobile-car wash service. A hatch-back, van or pickup can carry your car-washing equipment and with your page up with a few adverts you are a call away from your first client.

Other businesses you can consider if you have a car include; food delivery services for restaurants and hotels, grocery delivery and errand service, shuttle services for Airport and long distances, Tour guides and car- rentals.

8. Gardening and landscaping: Like many of the side-hustles I always advise that you get some skills first to enable you do excellent work and these you can mostly get with free online courses or YouTube videos.

For this one, consider a Gardening and Landscaping Course and keep improving your skills. This should help you start offering the services including; lawn (compound) care service, Landscaping and floral photography, opening a floral shop, offer short training in gardening and landscaping, herb farming in your backyard etc.

You should be able to implement any of the following easy business ideas as a Sole Proprietor; that way you'll reduce your start-up costs even more.

But if you find your new business venture taking off, keep in mind that other options, such as forming a Limited Liability Company are also open to you.

There are lots of options for easy businesses to start quickly, cheaply, and easily but the best choices will always utilize your strengths and engage you.

When you are ready to start a business, Legal Haste will help you through the steps to legalise your business. Send us an email today [email protected] or Whatsapp 256 772 868081.

If you found this information helpful, why not share? We write and share blogs on starting a business, running a business, wills trusts and estate planning and personal/family matters.

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25/10/2021

4 QUESTIONS TO ANSWER WHEN STARTING A COMPANY.

1. What is the Company or Business name?

To start a company under your desired name, a search must be made on the business companies’ register at the Company’s registry. It’s not advisable to do your own search on Google or any other search engines as these can be misleading. A payment of 20,000 made in the bank for a search with URSB will give you a conclusive answer on whether to proceed with your desired name or get another.

2. What is the Business structure?

Decision on your business structure is one of those pertinent issues while starting out and care should be taken on such decisions. You may decide on whether to start out as a Private Limited Liability Company (which is the most Common), Single Member Limited Liability Company, a company Limited by Guarantee without share capital, a Non-Governmental Organization, Partnership, Sole proprietorship etc.

3. Who are the Directors?

The persons you will choose to make the day-to-day decisions of the company are the directors. Any choice of these should not be based on personal sentiments but on making the company profitable and self-sustaining within the next few years. although relatives and family members may be good at the beginning, their appointment should be based on competence.

4. What kind of business will you engage in?

A company can engage in more than one business under the same company name. As you consider putting your new into a legal entity, it is detrimental to limit your vision to the present. Rather, project your company and its likely potential within 10-20 or more years then have these incorporated into your objectives.

Legal Haste can help you start a business. Whether you want to start a Limited Company, Sole Business, nonprofit, or partnership, Legal Haste will help you fill out and file the necessary paperwork. If you're not sure which business structure is right for you, our team is ready to advise you.
Just send an email to [email protected] or better still reach us on our Whatsapp no. +256 772 868081 for an inquiry.

12/10/2020

of Legal Haste, explains, “𝐅𝐨𝐫𝐜𝐞 𝐦𝐚𝐣𝐞𝐮𝐫𝐞 𝐞𝐯𝐞𝐧𝐭𝐬''
All business contracts should include a clause called a “force majeure” clause, which allows the contract to be suspended or excused if certain events happen. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗯𝗹𝗼𝗴 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀.

Business Registration What is a Force Majeure Event? April 17, 2020 Posted by emilly 17 Apr 2020 What is a Force Majeure Event? All business contracts should include a clause called a “force majeure” clause, which allows the contract to be suspended or excused if certain events happen. It’s a ...

11/10/2020

Can you let us know the reason why you haven't you may find help with us On www.legalhaste.org or send us an Email on [email protected]

10/10/2020

your business, company, Trademark, copyright, patent today while filling up our online forms on www.legalhaste.org or send us an email on [email protected]

09/10/2020

𝐋𝐞𝐠𝐚𝐥 𝐅𝐚𝐜𝐭𝐬 𝐄𝐯𝐞𝐫𝐲 𝐒𝐦𝐚𝐫𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫 𝐍𝐞𝐞𝐝𝐬 𝐓𝐨 𝐊𝐧𝐨𝐰
𝗔 𝗹𝗶𝗺𝗶𝘁𝗲𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗼𝗳𝗳𝗲𝗿𝘀 𝘀𝗼𝗺𝗲 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗹𝗶𝗺𝗶𝘁𝗲𝗱 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 Most of the time. A is a legal person in its own right. The company can sue and be sued.

However Directors still owe duties to the company so if money is taken out improperly the Director can potentially still be held personally liable.

your compny with us while filling up our online forms on www.legalhaste.org or send us an email on [email protected]

08/10/2020

𝐋𝐞𝐠𝐚𝐥 𝐅𝐚𝐜𝐭𝐬 𝐄𝐯𝐞𝐫𝐲 𝐒𝐦𝐚𝐫𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫 𝐍𝐞𝐞𝐝𝐬 𝐓𝐨 𝐊𝐧𝐨𝐰
𝗬𝗼𝘂𝗿 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝘄𝗶𝗹𝗹 𝗶𝘀 𝗻𝗼𝘁 𝗲𝗻𝗼𝘂𝗴𝗵
Having a will is not popular. Because it means we accept that we will die.
But every smart entrepreneur knows that but means of making sure that your affairs are handled in the way you want them to the end surprises them.
And because smart entrepreneurs want their businesses to be taken care of, they have a separate business will.

. Register your business, company, Trademark, Patent, Copyright, Utility modal and other intellectual property with us on www.legalhaste.org or send us an email on [email protected]