Solving the Problems Faced By the Business Community

Posted by Singapore Incorporation on August 17th, 2019

Corporate consultants in Singapore aim to solve the problems that the small and medium companies in Singapore. There are various obstacles in front of a businessman in moving forward with the company. The first obstacle that they face is the lack of knowledge of company laws in Singapore. This makes them commit mistakes and can be fined heavily for this. Most businessmen are experts in their business but it is not easy for them to keep themselves abreast of the local laws.

The difficulties in not knowing the laws affect them right from the time they tried to register their companies. They are not fully aware of the various conditions they must fulfill before they can incorporate the company. They may find it difficult to adhere to these conditions because of many reasons. They may find it difficult as they are new companies and don't have the finances to appoint people with expert knowledge. This is where corporate consultants can help them a lot.

Appointing a Company Secretary

Every incorporated company in Singapore must have a company secretary within six months from incorporation. A company secretary is a person who has a lot of responsibilities in the company and is crucial for its smooth running. One of the main responsibilities is to guide the company to run according to the company laws in Singapore. The company secretary must inform the directors about the laws and how they must be adhered to.

This makes it necessary that the person appointed as company secretary must be thorough with the local laws. The company secretary must have experience in running a company as he or she is responsible for calling the annual general meeting and conducting it. The company secretary must also record the minutes of the meeting and submit the same to the ACRA. All additions or deletions of shareholders must be recorded and informed to the ACRA.

When new companies are unable to appoint a company secretary by themselves, the corporate consultant will offer a corporate secretary in Singapore who will work on behalf of the company till the time the company can appoint its person. The person offered by the consultants will be highly qualified and experienced in the job. The company secretary will resign from the post when there is an important document to sign which will give the power to the director.

Maintain Your Books in the Perfect Way

Bookkeeping is a very tedious and time-consuming job which also requires a good qualification and experience. When your company finds it difficult to appoint another person you can hand over the work to a consultant who will complete the job. Bookkeeping is a record of all the transactions done by the company and this record helps in many ways to solve problems.

When you avail bookkeeping services in Singapore you can many reports apart from maintaining the books perfectly. You can get your profit & loss account, balance sheet, trial balance and outstanding amount due statements from the agencies. These statements help you a lot in knowing the company’s position. The consultants will maintain the books in a manner that it is compliant with the local laws. 

Hiring the Best Agency

The most crucial thing to making your company run smoothly is to hire the best agency that can go with your business requirements and find solutions quickly. They must maintain a good liaison with the government agencies so that they can help you in case of difficulties.