In general, secretarial services are about answering phone calls and making appointments. However, a company secretary plays an entirely distinct function in business. In the big company, the secretarial is an important role for company’s daily operation, they will need to prepare compliance documents for different things, different with small companies, normally small company don’t put too much time to do proper compliance works for the company, however government required every company must have a secretary.
Company secretary for small business!
Before a small company needs to decide that they require a company secretary or not? They need to completely understand the tasks done by them in a business. Company secretary services available online may offer services including preparing tax returns and accounts, monitoring finances, and maintaining accounting records.
Whether it is a small company or a big one, various registration processes and preparing statements are always necessary tasks. Meetings, which is a relatively civil process in any of the companies, can be effectively seen and managed by a secretary.
These are some of the duties, which make it an indispensable need for any sort of organization to hire a company secretary. It is a truth that a small company does not need to submit a large pile of reports. But those secretarial services handle registrations and also the formation, company strike off and administration of the company.
- Outsourcing for secretarial requirements –
Despite understanding the importance of a secretary in a small business, they might not be able to afford one. There’s a possibility that a small business owner may not focus on hiring this profession unless his company achieves the strata of a profit-making entity. This could be possible with efficient registration, maintenance of regulatory documents, preparation, and acquiescence of reports and accounts; which is again, in the hands of a secretary itself.
Hence, For small company, secretary play a important role when company set up even running.
Here we list down some key benefit for having the secretary for your company.
- Access to the skilled workforce
Outsourcing a company secretarial service is always a good and cost-effective method for small businesses. As, for them, it might not be possible to have a huge professional and skilled team to work with. Whereas going with the service providers, they will have a pool of talent, knowledge, experience at a pocket-friendly range.
It will help the company to enhance its efficiency and reputation in the market. While the directors can concentrate on the core business processes. In addition, a small business can only pick up some specific tasks which they need by a company secretary and pay for them only.
- Reduce risk
From registrations to report submissions, there are a lot of functions to be performed by a small company. There is much other room for error when a small company starts a d runs without professional help.
The inflows and outflows of cash have to be recorded perfectly on time. If the business fails to do so, it has to face penalties, that obviously will not be affordable to such small companies.
Thus, for minimizing the risk of none compliance a small company should adhere to the deadlines and regulations.