Greetings from CM SME Club
CM-SME Club - Kenya
Transforming legal services support for SMEs through technology
We hope February treated you well and that your year is off to a great start! As we step into March, we are excited to bring you key legal insights, practical business tips, and essential updates to keep your SME compliant and thriving.
In this edition, we explore the benefits of outsourcing legal support through a Virtual General Counsel, key legal alerts including the registration of Public Benefit Organisations, and a must-have list of essential agreements for SME’s.
Outsourced Legal Support: The Smart Solution for your Growing Business
In today’s rapidly evolving business environment, legal compliance and risk management are critical to sustaining growth and avoiding costly legal drawbacks. However, many small and medium-sized enterprises (SMEs) may not have the resources to maintain a full-time, in-house legal team. This is where the Virtual General Counsel (VGC), also known as a Fractional General Counsel, provides a strategic advantage.
A Virtual General Counsel is an outsourced legal Counsel who functions as an extension of your business, offering on-demand legal support at a predictable cost. Whether your business needs assistance with contract drafting and negotiations, employment law matters, regulatory compliance, intellectual property protection, or corporate governance, a VGC ensures that you receive proactive, business-focused legal guidance tailored to your specific needs.
How CM SME Club Can Help
Our Virtual General Counsel service includes:
Join the Future of Business Legal Support
By subscribing to CM SME Club’s Virtual General Counsel, your business gains a trusted legal advisor who proactively ensures compliance, mitigates risks, and supports your growth, all while keeping costs predictable and manageable.
To learn more about how our Virtual General Counsel service can benefit your business, contact us at [email protected].
Legal Alerts
1. Registration of Public Benefit Organisations
In May 2024, the Public Benefit Organisation (PBO) Act, 2013 officially came into force, replacing the outdated NGO Coordination Act, 1990. This landmark change streamlines the non-profit sector by introducing the Public Benefit Organisation (PBO) framework, which consolidates charitable and developmental entities under a unified legal status.
Registering as a PBO grants legal recognition, financial incentives, and access to an independent dispute resolution tribunal, making it easier for non-profits to operate effectively and sustainably. With tax exemptions, enhanced credibility, and increased donor confidence, it is time to transition your NGO into a PBO.
Learn more about the benefits of PBO registration and how CM SME Club can assist you:https://cmsmeclub.com/articles/blogs/the-benefit-of-registering-as-a-pbo-in-kenya/
2. How to change your name in Kenya
Circumstances may arise where an individual wishes to change their name, whether for personal, cultural, or legal reasons. In Kenya, applications for name changes are made through a Deed Poll, with specific regulations governing the process for minors, adults, and married women.
Read more about the name change process and how CM SME Club can assist you: https://cmsmeclub.com/articles/blogs/how-to-change-your-name-in-kenya/
Essential Documents your SME should have
1. Shareholders Agreement
This is a contract between a company’s shareholders outlining their rights, responsibilities, and how the business will be managed. It prevents disputes by setting clear rules on ownership, decision-making, profit distribution, and exit strategies. Get it here https://cmsmeclub.com/documents/documents/shareholders-agreement/
2. Board Charter
This document outlines the roles, duties, and decision-making powers of the board of directors. It ensures accountability, transparency, and structured leadership, promoting smooth business operations. Get it here https://cmsmeclub.com/documents/documents/board-charter/
3. Data Protection Policy
This document outlines the framework detailing how a company collects, stores, and processes personal data in compliance with data protection laws. It protects customer and employee data, ensures regulatory compliance, and builds trust with clients. Get it here https://cmsmeclub.com/documents/documents/data-protection-and-privacy-policy/
4. Human Resource Policy
This document provides a set of guidelines covering employee rights, workplace conduct, benefits, and dispute resolution. It provides a framework for HR practices, helps attract and retain talent, and safeguards the company from legal risks. Get it here https://cmsmeclub.com/documents/documents/human-resource-policies/
What we have been up to
We conducted a legal training to SME’s in an Incubator program covering legal compliance essentials including registration and corporate governance, capital raising, intellectual property, data protection, contracts and employment law.
Ensure your team is well-equipped with the legal knowledge needed to run a compliant and thriving business. Contact CM SME Club to arrange a tailored legal training session for your organization.
More on how the legal training to SME’s below:
https://drive.google.com/file/d/1EkAYTzk6fJRKPBN2ZSNmAIVp7l-Vnrbq/view https://drive.google.com/file/d/1_nG3EHZ7rkxp4dmR7TNp8yr9OBqJHUYG/view https://drive.google.com/drive/folders/1WxG9s-isfwL46nm6gcuDXzOZcjdiHQJw
Empower your business with CM SME Club!
Visit our website www.cmsmeclub.com to learn more about our services and choose the perfect plan for your legal needs.
Contacts www.cmsemclub.com | [email protected] | +254 745 342 125
--Business and Economy Development
1 周Great service
--Business and Economy Development
1 周Excellent
--Business and Economy Development
1 周Awesome product