Significant Loan

More and more students today are having to get money in order to finance their future through student loans. What this creates is a situation with many students having to go deep into debt before they ever start out financially. Though this is not an ideal situation, it is one of the realities that students are dealing with today. With the job marketing being what it currently is, many students are struggling to find jobs when they get out of college, making it almost impossible to pay back those students loans. What are these people to do? Luckily, they are completely out of luck, since some government help exists for paying back student loans.

Is government grant money really available?

Though not every single person who applies for a government grant is going to get it, many people are able to get money from the government to pay off these loans. There is a lot of this money available, especially with the way the current federal administration is spending to help people get out of debt. You will never be able to qualify for this money until you apply for it, though. The first step is to put in an application and then you can go from there. If you show that your current situation makes it downright impossible to pay back the loans, you may receive a government grant to take care of part of them or even all of them in some extreme cases.

Doing special types of work for student loan forgiveness

The government grants come through an application process, but they also come through special job programs. Since the federal administration wants to promote working in low income areas and working in certain fields, they will offer grants that amount to student loan forgiveness. Working in a low-income school or working as a public servant are two ways to qualify for these grants. The money will come readily when you take this approach, so it is important to do this if you have overwhelming student loan commitments. Though this is not the path that many students charted at the beginning, it is one that can be highly beneficial financially.

There are 10 easy steps to company registration in Kenya. You begin at the Companies Registry at Sheria House.

1. Name search: It goes without saying. You need a name. This part take two days and costs under $5.

2. Prepare Memorandum and Article of Association: These documents describe the objectives, rules, subscribers and authorised share capital of your company.

3. Pay Stamp Duty: The amount of money that you pay depends on your declared nominal capital. You begin by collecting four forms from the Kenya Revenue Authority at Times Towers. Two copies go to the Lands Registry, one is retained by you and the other by the bank.

4. Declaration of compliance: A commissioner of oath must sign this form on your behalf.

5. File Deeds at Registrars office: You then need to file your documents at Companies Registry.

This includes your memorandum and articles of association. There is a varied fee attached to this.

6. Register for a Personal Identity Number, VAT & PAYE: This takes a day to register at Times Tower and is free.

7. Register for NHIF: NHIF stands for National Hospital Insurance Fund. This is mandatory medical contribution for your employees.

Register at the NHIF building.

8. Register for NSSF: NSSF stands for National Social Security Fund. It is mandatory to contribute to your employees retirement fund. Registration is done at the NSSF building at the bottom of Valley Road.

9. Register for a Business Permit: This application is made to the City council. You will need office space prior to submitting this application.

10. Get your Company Seal. This is the last bit. You can get good quality company seals from Seal Honey Stationers in Nairobi.

This article is written by Maggie Nguyo. An Advocate of the High Court of Kenya, Holder of a Law Masters Degree in Banking and Finance from the London School of Economics, a Masters of Arts Degree in Gender Culture and Development from the University of Sunderland and the current editor.

While you are registering a business, you should know some vital points which are included in this content. Your first option for registering a business is to choose the structure and it should well fit contentedly, just like a pair of shoes. If you chose a bad business structure then it may lead the way to great hassle. Sole trader, proprietary limited company, partnership, association and co-operative are some of the most common business structures known in recent market. In each structure you will find advantages as well as disadvantages.

If you want the right choice then you must consider such factors such as taxation, finance needs, establishment costs, type and size of your business etc. You must consult your accountant or solicitor before you take the finial decision. If you need additional help on legal advice regarding the choice of your business structure then please contact us through our inquiry form.

The next thing after registration is trademark and here are some of best tips on how to trademark. The most valuable marketing tool of your business is none other than the trademark. If you choose a perfect branding strategy which signifies your product with image then you can easily get the top notch of your services in the market place. If you desire to establish an image for a new product or service then you must consider a distinctive trademark regarded to marketing.

Before you use and register a trademark it is recommended to search the database. If you choose similar or identical trademarks for your new goods or services then it could lead the way to block your application when you on registration. You must search the identity or previous existence of the trademark that you are choosing before finalizing the registration process. By doing so you could save your money as well time. If you choose the similar trade- mark which is already exist then the owner of the pre-exist trademark could go for legal action. Ensure the identity of the trade name before filling out the form.