Things You Should Look for in a Business Formation Agent
There can be several business formation agents like Panlegis that you will get to find out there when you are planning to set up a company through the business formation agent. It is most excellent that you know about them more and what they offer beforehand. Such are the important things which you need to consider when selecting that company formation agent so that you can ensure that you can get a complete and professional service.
One important thing that you have to ensure is that the company or agent is registered with ACRA. Such association encourages the agents in that business formation industry to reach and maintain high standards. Hence, when your formation agent is associated with ACRA, then you are surely more likely to get a quality and trustworthy service.
Also, you must make sure that they have an excellent level of customer service. You must check if they have such fantastic level of customer support on many media in place since this is important in case you have questions on the formation process. They must have a great email support, live chat support or telephone support.
It is also very important that you know if they have such services you need. You can have extra services such as accountancy, tax, back office services as well as company secretarial services and those business plans following the incorporation. Such can surely make it a lot easier for the company to have the required accounting systems in place from such company formation and this would show a great level of business expertise from such formation agent.
Also, it is essential that they are really supported by the chartered accountants and those advisers. When the formation agent can provide you with a great accountancy service or advice from such chartered accountant or the professional tax advice from such chartered tax adviser following formation, they can help you while the business would grow and not only when you are starting up.
Will they give you free business consultation? There are some agents that are offering free one hour consultation after the formation in order to discuss the start-up tax as well as accounting obligations. Such can be a fantastic way to know all you must know for starting up your business and get answers to the questions that you have and be sure that you are able to stay compliant with those company laws and also regulations.
The business and personal finances should be separate. Such would mean that your new business will have a new bank account.
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