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. These are the essential things that you need to check out if you are going to choose such company formation agent to ensure that you can have a professional as well as complete service.
The first thing that you have to ensure is that they must be registered with ACRA. Such association encourages the agents in that business formation industry to reach and maintain high standards. If your formation belongs to ACRA, then you can be guaranteed that you will have a reliable as well as quality 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 should have a fantastic live chat support, email support or telephone support.
Make sure that you are also able to find that agent with services that you need. You may have extra services like tax, accountancy, the back office services and the company secretarial services and also business plans after 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. This means that your new business will have such a new bank account.
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