Importance of a company secretary in a start-up business

For as long as one can remember Singapore has always been known as one of the best places to start a business in. That is because it implements business-friendly policies that make it more attractive for business owners. The presence of these businesses is also the reason why there are many job opportunities in the Singaporean economy. 

One of the most in-demand job positions here Is a company secretary Singapore employee. All businesses in Singapore are required to have at least one company secretary Singapore staff to be able to operate fully. When one wants to set up company in Singapore one of the first things that they have to consider is hiring a company secretary. Hiring one has many benefits and perks especially to those who are just starting their own business and. In this article, let us talk about the importance of a company secretary Singapore staff in a startup business. 

Legal requirement

One of the most important reasons why you should hire a company secretary Singapore staff is because it is legally required. When you want to set up company in Singapore, you are legally mandated by business laws in Singapore to have your own secretary. You can hire one before you set up company in Singapore or six months after.  However, hiring a company secretary shouldn't be done six months after you set up company in Singapore.

The Singaporean government acknowledges the many things that the company secretary brings to a business corporation. That is why this is legally required for all kinds of businesses That want to operate here. 

Help grow the business

Contrary to popular belief a company secretary Singapore employee is not only concerned with the administrative roles in a company. Their task goes beyond filing paperwork send writing down notes. 

They fulfill an important role in making sure that your business is in the right direction. Your company secretary should be someone that can oversee all kinds of operations all throughout your business. They can make sure that all purposes and goals of your company are met and that current strategies implemented are effective. 

 

If you hire a company secretary before you set up company in Singapore, they can even help you incorporate your company successfully. A company secretary can also give a professional opinion when it comes to your business operations. This way more credible and useful ideas we'll be at the disposal of your business operations.

Schedules the annual general meeting

The annual general meeting is legally required from all business entities. This meeting is where all relevant employees in a company meet and discuss business matters. The company secretary Singapore employee is the one tasked to schedule this meeting. Scheduling an annual general meeting may look easy, however, taking into consideration the busy schedules of company officials can get in the way.

It is also the company secretary who is required to list down and finalize the agenda of the annual general meeting. The agenda should consist of all important matters that must be discussed to ensure that the business is profitable. This includes all current marketing strategies and other methods that can help the business grow.

After the annual general meeting, the document that contains everything that has taken place in the meeting is also required to be submitted to the Singaporean government. The preparation and checking of this document should be done by the company secretary. He or she is tasked to make sure that there no mistakes in this legal document. 

The general annual meeting should take place after 12 to 18 months when you set up company in Singapore. After the first meeting, this should be done every 12 months. Failure to conduct this meeting may result in financial fines or even suspension of the business registration.

Settles other important documents and transactions

As mentioned above there many things that a company secretary can do in your business. they can set up company in Singapore and they can even file tax returns. Tax returns are also an important requirement when you want to continue operating in Singapore. So, having a company secretary that is competent enough should be your priority. In addition to these, a company secretary can also take over client relationships. 

Hire one today

A company secretary fulfills an important role in the company operations. That is why it is important that you hire one who is competent and efficient. You can hire human resource providers such as the WLP Group to make sure that you are getting the bees of the best. You can visit our website today to know more details.

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  1. author
    27 Aug 2019
    Tomas Mandy

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    1. author
      27 Aug 2019
      Britney Millner

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  2. author
    27 Aug 2019
    Simon Downey

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