Will SMEs Benefit If They Will Hire Company Secretary For SMEs?
Many startups are usually limited in their funds. You are unsure if your business will grow into a stable earning entity. Moreover, even if private small and medium enterprises (SMEs) are not required to have a company secretary, most do get one themselves. This is because SMEs can benefit greatly from the many services a company secretary can provide.
What Does a Company Secretary Do for SMEs?
Every business has specific needs and goals. However, there are also general needs that all businesses commonly have.
One of those is complying with state requirements when it comes to registration. Business permits, tax papers, as well as registration papers have to be taken care of. We all know that the director is busy enough to take care of those. Therefore, it’s likely that a company secretary for SMEs is relevant.
In addition, the administrative part of a business can also be handled by a company secretary for SMEs. For instance, they act as a receptionist to clients by answering and directing phone calls. As a boss, you can also do this, but again, it would overwhelm you. So who would not need a company secretary for SMEs in this regard?
Secretaries can also monitor finances, maintain accounting records, prepare accounts, and manage tax returns. These are business matters that can consume time and energy in the long-run. Thus, letting them carry the burden will tremendously alleviate your stress.
Outsourcing the Services
Clearly, a company secretary has so many services to offer – services that would be invaluable to any SMEs. They answer and redirect calls, take care of the cash flows and balance sheets, as well as schedule meetings, and help implement whatever the board of directors has already discussed.
But how about if the startup has limited resources? Sure, they may have additional duties.
In addition to what’s stated above, secretaries can also do the following:
- Provide the minutes of the meetings.
- Reports during board meetings.
- Maintain company schedules.
Since they are specialized in these tasks, you do not need to cover them all by yourself. The company secretary for SMEs takes care of it for you.
Additionally, secretaries maintain documents and files. Further, copies of the documents are handled by the company secretary.
See the need to have a company secretary of their own but do not have the available funds. Time could also be a major constraint. Imagine going through the process of recruitment for an in-house company secretary for SMEs.
That is where outsourcing comes in.
What Can 3E Accounting Do?
3E Accounting specializes in secretarial services, making you, as the future CEO, concentrate on building and growing your business. For a reasonable fee, you can let the corporate secretaries handle all the administrative and compliance duties for you. It’s a small price to pay especially if you would want to save time and be more efficient as a business owner.
You don’t need to go through the rigors of performing strenuous, repetitive tasks when 3E Accounting can be your service provider. Just give us a call and see for yourself what we can do for you as a Company Secretarial Service Provider.