Partnership & Sacco Registration

1. Partnership & Sacco Registration – Law Simplified In Kenya, you can register either: A Partnership: Two or more individuals or entities co-own a business and share profits/losses. A Sacco (Savings and Credit Cooperative): A member-owned financial institution regulated under the Co-operative Societies Act. ✅ 2. Procedure to Follow by Scenario Scenario A: General Partnership Agree on the Partnership Name and structure. Draft and sign a Partnership Deed (clearly stating profit-sharing, responsibilities, etc.). Log into www.ecitizen.go.ke and apply for Business Name Registration. Submit Partnership Deed + ID copies of all partners. Pay the business name registration fee. Receive Certificate of Registration as a partnership. Scenario B: SACCO Registration Gather a minimum of 10 members (individuals or legal entities). Choose a unique name and draft your Bylaws. Elect interim officials (Chair, Secretary, Treasurer). Draft a Letter of Application to the County Cooperative Officer. Submit: Proposed bylaws Officials' details Meeting minutes Apply to the Commissioner of Cooperatives. If approved, get a Certificate of Registration and open a SACCO bank account. ✅ 3. Required Documents For Partnership: Partnership Deed National ID/Passport copies for all partners KRA PIN certificates Signed application form (Form BN2 if manual) For SACCO: Proposed bylaws Member ID copies Chief’s letter (to confirm legitimacy in some rural setups) List of officials + photos + PINs Minutes of the founding meeting Application letter ✅ 4. Where to File Registration Type Office/Platform Partnership eCitizen Portal or Huduma Centre SACCO County Cooperative Office or Nairobi HQ under the Ministry of Cooperatives ✅ 5. Timeline Step Timeline Partnership registration 2–5 working days SACCO registration 30–60 days depending on review ✅ 6. Costs Item Estimated Cost (KES) Business name reservation 150 Partnership registration ~1,000–2,000 Partnership deed (if drafted by lawyer) 5,000–10,000 (optional) SACCO application processing 3,000–5,000 Bylaw drafting (optional lawyer) 10,000–30,000...