Learning how to use Corporate Secretarial Services in Singapore can help you create and maintain your company, as well as keep it running effectively after the start-up phase. Corporate Secretaries take care of more than just legal matters, though; they also serve as advisors to both the owners and their employees, making them an important part of any successful business. If you’re looking for help with corporate secretarial services in Singapore, these are three tips to help you get started.
Why do you need corporate secretarial services
Corporate Secretarial Services in Singapore assist corporations, companies and entrepreneurs to stay compliant with all applicable legal requirements. This helps them meet their ongoing obligations as a public limited company. Some of these corporate secretarial services are due diligence checks on directors, service providers and investments; applying for relevant corporate licenses and registrations; keeping track of financial information such as tax records, shareholder accounts and annual reports; ensuring compliance with regulations such as directors’ responsibilities, company maintenance procedures and changes to director details. These Corporate Secretarial Services in Singapore allow businesses to run smoothly so that you can concentrate on running your business. The benefits of having corporate secretarial services: The biggest benefit is peace of mind. You can focus on doing what you do best while knowing that someone else is handling everything else, including noncompliance issues. The additional support frees up valuable time and energy so that you can devote more attention to growing your business, rather than wasting time dealing with administrative matters. In addition, there may be certain fees and penalties incurred by not staying compliant (e.g., late filing fees). If a problem does arise because you haven’t been following proper procedures, it’s best if someone else deals with it before it becomes an issue. That way, any fines or fees levied will fall upon them instead of your company.
The Process
If your company has a new business idea or is at an intermediate stage of development, it can be difficult to know where to turn for professional help. We get it! Corporate Secretarial Services in Singapore are typically limited to big corporations and require a large budget. However, you may not have noticed that there are other companies out there like ours. Our team provides end-to-end corporate secretarial support, no matter how small your business is. For both foreign and local businesses, we provide legal advice and support for all stages of company growth. From incorporation to administration and structure changes, our secretariats are here for you at every step of your journey! Let us take care of all your admin tasks so you can focus on growing your business rather than fussing over paperwork! Here’s what we offer:
The Process:
Step 1 – Preparation It’s crucial to make sure everything runs smoothly when setting up a company, so preparation is key. Our friendly advisors will sit down with you and figure out what you need from your business secretary service. Based on these requirements, they will work with their team to develop a plan of action tailored specifically for your needs. This way, nothing falls through the cracks when it comes time to set up your new enterprise!
Why use a third-party provider?
You may be thinking that Corporate Secretarial Services in Singapore are just another buzzword business owners and accountants use to sound fancy. You might have even heard of it before, but you’re still unsure if you really need it. Rest assured—corporate secretarial services are a legitimate service that can make running your business easier and more profitable. Before we go into details about what they entail, here’s why entrepreneurs turn to third party providers: It saves time: Think about all those hours spent on bookkeeping, accounting and paperwork during your first year of business. And remember how many times you said No when a friend asked for your help? It can all be avoided with a third-party provider! It saves money: Corporate secretarial services usually cost between S$200–S$500 per month (depending on your company size). This is significantly cheaper than hiring an in-house employee or outsourcing to an accounting firm. It helps you focus on growth: When you hire an in-house employee or outsource work, there’s always a chance that person will leave or not work out. A third party ensures that you don’t lose valuable information when someone leaves—you simply hire someone else who has experience working with other companies like yours.
What are your responsibilities?
In terms of your responsibilities, you may need to attend meetings or interviews with clients and will usually deal with financial matters. As a Corporate Secretarial Services in Singapore executive, you’ll be expected to perform such functions as writing letters for senior staff members and creating documents like presentations. You may also have to keep track of stock prices and write emails to potential clients. The work can be quite varied, but most secretarial services executives tend to stay busy throughout their time at a company. When it comes time for an administrative assistant (or admin assistant, as they’re often called) interview, always remember: it’s not what you know — it’s who you know! So make sure that you’re familiar with all of your boss’ favorite things and are able to speak intelligently about them.
How will you benefit?
The entire process of starting a new business is daunting. The amount of documentation required and services involved can seem a little overwhelming, even for established companies. Fortunately, we’re here to help! We offer flexible business formation packages designed to provide a one-stop solution for all your corporate secretarial needs. By outsourcing your administrative functions to us, you can focus on what’s most important: growing your business. Our experts are highly skilled at making sure that everything is done correctly, on time and with minimal fuss. This means you can get back to running your company sooner rather than later. For more information, contact our friendly team today. We’ll be happy to answer any questions you may have about our corporate secretarial services or any other aspect of starting a new business in Singapore. Just give us a call or send an email; we look forward to hearing from you!
What can go wrong?
Things are going well until you lose your business bank account, discover an important document is missing or a major stakeholder passes away. In short, there’s no such thing as a perfect business—and that means it’s necessary to have an experienced Corporate Secretarial Services in Singapore team on your side so you know what to do and what not to do when issues come up. Having them around also gives you more time to focus on running your company and dealing with growth opportunities rather than scrambling to get paperwork together after a crisis hits. If there’s one thing many business owners learn from experience, it’s that those seemingly small issues can snowball into much bigger problems if you don’t deal with them quickly. Corporate secretarial services help make sure that doesn’t happen.
