Why is it important to have a corporate secretary for your Singapore business startup in this troubl
Posted: Oct 28, 2017
Why is it important to have a corporate secretary for your Singapore business startup in this trouble world
There are many businesses that like to function at the bare easy methods. They start their company, don’t raise funds and they go on with their work. Many entrepreneurs are new to the business world and they might have very little experience on what is important and what is not. Many business owners are also in this situation where they think that something is not important but in fact is something that is core to the business and also to submission.
When it comes to business running there are a few core practices that you need to consider. Firstly you will need a corporate secretary in Singapore, something that most countries have, the corporate secretary will do the filing work for your business and also ensure that the governance of the company is done properly so that you do not get into trouble with the law. Some businesses who are new might just appoint someone into the role of the corporate secretary and this is not something that is very healthy for the business because he or she might be able to do the work of someone who should have been through legal training.
This is something that most businesses do not care about and get into trouble with. Without a good corporate secretary in Singapore, you run the risk of getting into trouble with the law with your transactions without even know what you did wrongly because you didn’t know in the first place.
This is very common and this is something that will get many young entrepreneurs into big trouble they did not want to get into in the first place.
Accounting and also tax services are also core services that many people will want to look into so that they do not have issues with the law.
There are also other services such as payroll and also management services such as issuing of invoices and also issuing of receipts when payments are made. The other core businesses are debt collection and this is something that most businesses should take a look at to make sure that they are able to make money in this world where competition is very tough and if you are not focusing on your core business. Someone is going to come after your dinner the next time you are not paying attention.
T.K is a avid writer on business topics, he works with Koh Management Pte Ltd a Singapore Accounting | Payroll | incorporation Firm