Why You Need Incorporation Services
1. Concentrate on Business Setup
Incorporation is the laborious process of company registration that begins from the initial stages until your business is ready to take off. It can be very difficult to handle both business setup and company registration paperwork on your own.
By outsourcing your company registration process, you can prioritise on more important business aspects, such as finding the perfect office, hiring the right team and creating sales strategies.
2. Avoid Penalties and Fines
Company registration is not as easy as it seems. Failure to comply with any of the requirements of the Companies Act will lead to heavy fines and penalties.
For example, an undischarged bankrupt, whether adjudged by a Singapore or foreign court, cannot be appointed as a director or take part in any businesses. Failure to comply will result in a fine of up to $10,000 or even imprisonment.
3. Incorporate in the Best Entity Type
In Singapore, there are many options available for business structures. You can opt for Sole Proprietorship, Private Limited Company, Limited Liability Partnership, etc. A good company incorporation service can advise you on the best option to choose to benefit you the most.
For example, if your business involves selling services by the way of professions, such as accountancy, law and architecture, and you have additional partners, it is more advantageous for you to set up a Limited Liability Partnership.
What’s Wrong with Most Incorporation Firms
1. They Commit Negligent Faults
Many inexperienced company incorporation services often make mistakes that appear minor. But they can end up causing many hours of delay and extra costs in rectification.
Some common errors made by sloppy company incorporation services include wrong spelling in the proposed company name and incorrect number of shares issued to each shareholder during company registration.
2. They Take Long Period of Time
Many company incorporation services are provided by small start-ups with only a couple of staff working in them. They do not have the manpower to incorporate your company quickly and efficiently.
Slow incorporation services can often take up to 1 month to even start on your company registration. This causes loss of opportunities as you will be unable to open a corporate bank account or rent an office without being officially incorporated.
Why Should You Choose GEO
We do not just handle your company registration. We find the best entity type that caters to your unique business needs.
At GEO, we ensure that your company incorporation is compliant with the requirements of the Companies Act. We prepare for you all the mandatory documents, such as the Memorandum & Articles of Association and Business Profile.
Our incorporation specialists can set up business structures of any complexity. Be it a Private Limited Company, Partnership or Multi-Tier Holding Company, we are able to do it for you.
GEO has a vast pool of efficient specialists who can ensure your company incorporation within 48 hours. The sooner your business is established, the sooner you will be able to earn substantial profits.
You do not have to do anything as we handle all the tedious paperwork filing for you. You can simply focus on the other important aspects of starting up your company, such as recruitment and marketing.
GEO provides a full spectrum of corporate services including accounting, tax planning, auditing, nominee director, corporate secretarial and company incorporation services.
You can enjoy great convenience when you engage GEO for all these services that are essential to any companies in Singapore.
Why Should You Trust GEO
With over 20 years of field experience, our past clientele includes a broad range of industries, ranging from Small and Medium Enterprises (SME) to Multinational Companies (MNC).
Our accountants and advisors are certified and approved by:
- The Accounting and Corporate Regulatory Authority (ACRA)
- The Institute of Singapore Chartered Accountants (ISCA)