The legal aspects of running your business in Singapore can be complicated, especially if you’re just starting out and are unfamiliar with the laws in this country. As such, it is important to partner with an established Corporate Secretarial Services in Singapore firm that has experience handling the legal requirements of all kinds of businesses, whether you’re just starting up or are well-established in the industry. We have partnered with the best corporate secretarial services firms in Singapore to provide our clients with comprehensive, thorough and effective legal advice that meets their exact needs.
Introduction
If you are a company founder, then you need to know that there is more than one way of starting a business. One way is by setting up an incorporated business as a Private Limited Company. The other option is by setting up an unincorporated business as a Sole Proprietorship. For many entrepreneurs, the latter option sounds attractive because it can be started easily and quickly without much hassle. However, when it comes time for the company’s affairs to be formalized, the entrepreneur will find themselves short of time and money if they have not planned ahead.
This post will briefly explain what Corporate Secretarial Services in Singapore and how they can help you whether your company is incorporated or not. Corporate Secretarial Services include
(1) preparing your annual accounts,
(2) ensuring compliance with regulatory requirements such as filing statutory documents and paying taxes on behalf of your company,
(3) keeping track of who has been given power of attorney over your company’s assets/liabilities etc., and so on. As these are things you will not want to do yourself, why not contact Corporate Secretaries International? They offer professional corporate secretarial services in Singapore at a reasonable price!
What is corporate secretarial service?
If you are a business owner, you know that one of the most important things is to protect your company and all its assets. This includes protecting the company’s reputation and being able to respond quickly if there is an issue. To do this, it’s important for a business owner to understand the legal aspects of running a company: from what type of entity should it be registered, whether or not there are any required permits, how taxes should be paid, how insurance should be handled, etc. There are many details that need attention and corporate secretarial services can help with all these administrative tasks so that you can spend more time on generating revenues for your business. Corporate Secretarial Services in Singapore providers offer clients not only high-quality services but also other benefits such as local expertise, fast turnaround times, cost-effectiveness and confidentiality. The right corporate secretarial service provider will save you both time and money by taking care of every aspect of your company’s administration so that you don’t have to worry about anything else.
The benefits of using corporate secretarial services
Every business needs professional corporate secretarial services in Singapore. Whether you are a new company or an established one, you need the help of a third party that can offer all sorts of important services. For example, they can assist with drafting your articles and by-laws, applying for any legal registrations or permits that are required, preparing your annual financial reports and tax returns, and even providing general administrative support such as office administration tasks. If you already have a team of staff but want someone else to take on some of these responsibilities so that you can focus on other aspects of running your company then this is another good reason for hiring Corporate Secretarial Services in Singapore. Of course, there are different types of companies out there and not all will require corporate secretarial services in Singapore. It’s worth talking to professionals about what would be best for your company before making any decisions. Your finance director might be able to provide more information on which type of service you’ll need depending on how your company operates. A lot of time people think they only need corporate secretarial services in Singapore when they actually also require certain accounting functions too.
A corporation has two levels of responsibility: Shareholders who own it and the employees who work for it (called shareholders because their shares entitle them to vote at meetings). Shareholders are liable for debts incurred by the corporation, whereas employees are liable for their own actions committed within the scope of their employment with the corporation, except when doing so violates federal criminal law or causes civil liability to anyone else.