The Ways in Which Outsourcing Company Secretary Can Benefit Your Firm
Setting up and running a corporate is no easy task and involves several legal procedures and compliance requirements, which only a competent company secretary can handle. A secretary’s job is a responsible position and involves functions like organizing meetings, interacting with shareholders, maintaining records, and preparing essential documents. The concept of outsourcing company secretary by firms is gaining popularity in recent times. Several firms are outsourcing their secretarial processes rather than hire an in-house company secretary.
Services You Will Receive from an Outsourced Company Secretary
These are some of the main services provided by the company secretary:
- Organizing and holding Board meetings, Annual General Meetings (AGMs), and Extraordinary General Meetings (EGMs)
- Advice related to corporate laws and compliance practices
- Preparing minutes and agenda of meetings of AGMs and EGMs
- Assembling documents like contracts or agreements
- Preparing and giving meeting notice to the Board of Directors
- Maintaining good relations with shareholders of the company
How Your Firm Will Benefit by Outsourcing Company Secretary
The benefits you get from outsourcing your secretarial functions are:
Decreases Your Operational Costs
In-house secretaries require lots of training as per the specific demands of your business. However, when you outsource your secretarial tasks, you get a highly-skilled professional who is an expert and does not require any training. Outsourcing in this way greatly reduces the costs of doing daily tasks since you save costs on office space and equipment. These cost savings help small companies operating on low budgets or limited cash flows to run their businesses efficiently
You Will Receive High-Quality Services
Outsourcing to a professional helps you get the best results consistently and get your services done within the required time frame. Well-trained experts who are very efficient in administrative functions provide their services to your firm. Your services will be tailor-made according to your business requirements. You need not worry about deadlines for submitting documents since the secretary will do all this in time. You will get solutions and information to any problem instantly. The secretary will monitor all your reports and documents to ensure more efficiency
By outsourcing, your business efficiency improves, and you get more time to concentrate on your company’s core tasks. The outsourced professional will ensure your business is compliant in all legislative aspects. His expert advice and feedback, together with efficient administration, will lead to your company’s growth in the long run and help you achieve your goals.
Outsourcing to a competent company secretary will help complete tasks in time and also decrease the capital loss. The secretary reduces risks related to compliance by ensuring that requirements meet the regulations. His expertise also reduces the losses caused due to human error.
Better Public Image
Legal requirements keep changing constantly, and companies need to maintain good standing in public always. The company secretary ensures that your reputation with the regulators is intact by preventing non-compliance with the law requirements.
Every company requires secretarial services, whatever its size, to function efficiently. The company secretary helps the firm to abide by the rules and regulations of the country and helps to comply with the laws of the land. 3E Accounting’s expert team provides professional secretarial services and helps companies understand and meet the compliances required. Our firm provides reliable and efficient Corporate Secretarial Services to all types of companies.