After I asked for my father’s help we went to the lawyer to start the process of registering the business. I first needed to register with the Kenya Revenue Authority to get a Personal Identification Number (PIN) to be a shareholder of the company. Thereafter, we had to value the business. Valuation of the business helps determine the worth of the shares. There is a lot of factors to be considered when doing this especially if the business is in existence prior to been registered. I will go into depth in a later post.
The company took about 8 months to be registered. We had gone to the lawyer’s before I turned 19. I remember the registration process was extremely frustrating as I was constantly been told that the certificate of incorporation was not ready.
This was the first challenge that I faced in my business journey. I was very depressed because of the length of time it took to get the certificate. My expectations as to how it was going to go did not reflect reality.
At first there was a problem with the registrars system, that took a few months to be fixed. After it was finally fixed there was a back log that made the wait even longer. Eventually, on July 2013 I received my certificate. My first “child” was officially born. I was so elated!!! I had pushed through my first true challenge and I came out victorious!!! *applause* After that I felt I could conquer the world. My feelings of hope and invincibility were a reflection of the memorandum of association I was holding that states that I could basically run anything under the sky. Little did I know that my strength and character would be tried and tested with every move I made.
Until next time.