Thousands of limited liability partnerships (LLPs) operating in the country are now compelled to reveal their beneficial owners for the first time as part of State-backed reforms to peel back the veil of secrecy about the entities.
LLPs were introduced in Kenya for the first time in March 2012 through the Limited Liability Partnerships Act, 2011 and are now common among professionals that face a high risk of malpractice suits such as lawyers, doctors and auditors.
