Choose Reliable Corporate Secretarial Services for Your SME

As per the Singapore Company Law, every incorporated company must hire at least a company secretary within the six months of its incorporation. These professionals assist companies in sorting out legal issues and maintaining their corporate governance. Nowadays, companies believe in outsourcing the task to the corporate secretarial services.

The public limited companies in Singapore needs to hire a qualified & experienced company secretary with a proven track-record. However, the private companies can hire an individual who is experienced and have enough knowledge to discharge the duties of the job.

Trust Your Compliance to Experienced Company Secretary

The secretary acts as the chief administrator of the company and is considered as the official of the company. Even though appointing a secretary is an obligation, the companies are reluctant to support the costs. Their primary concern is that the task is a non-core one & does not produce any revenue. Some of them consider the hiring of corporate secretarial services as something outright costly.

DIY Company Secretary

A number of CEOs, directors, accountants, and others in small businesses try to do the task on their own. The sole directors are, however, prevented from acting in this capacity. Before taking such a drastic step, these professionals should try to answer following questions.

• Will they be able to take notice of changed or new statutory regulations floated by authorities?
• Will they be able to keep up with the changes in taxation?
• Will they be able to satisfy shareholder’s queries and do their duties towards them?

Full-Time Company Secretary

The small businesses could also think of hiring a full-time company secretary on their payroll. Such a move will entail expenses like that on salary, employee benefits, infrastructure, etc. In addition, they will need to go through the searching, interviewing, hiring & if it comes to that, the firing of the employee.

Third-Party Company Secretary

However, they could avoid all of these by employing one of the reputable company secretarial services. As against the rumors, they are not costly. Still, you need to choose wisely. The services providers charge differently depending on the size of clients’ company & the complexity of the secretarial requirements.

Key Points to Look for in Corporate Secretarial Services

If you have decided to investigate company secretarial services, you need to keep to the following key points:

• Transparency: Consider services providers having transparent work process & ethics
• Reliability: The provider must have a proven track record
• Experience: The providers must have handled compliance matters for the recognized players in your niche

Today’s market trend is to hire third-party company secretary services. A large number of MNCs, SMEs, & even startups follows it. It not only outsources the task, but also the hubbub and the anxiety associated with it. It frees the mental space for the management.

The company secretarial services have affordable packages. Some of them like SBS Consulting Pte Ltd also offers the service bundled in their combo incorporation package as well as a standalone service. 

 

Singapore authorities have wisely separated the execution of company’s statutory compliance related tasks from that of its business activities. Hiring corporate secretarial services take care of the compliance. It also leaves the company management to concentrate their focus and company’s resources in achieving its core goals. 

Contact Info:
SBS Consulting Pte Ltd
Visit: https://www.sbsgroup.com.sg/
High Street Centre,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Email: info@sbsgroup.com.sg