When you place the reputation and name of your business in the hands of an outsourced Company Secretarial Services firm, its best to look closely into their own reputation and standing in the industry, or you could be heading for trouble.
Meeting all the requirements as set out in the Companies Act, the South African Revenue Services, CIPC and others takes experience, knowledge and skill if you are to avoid unnecessary problems from any of these business governing bodies at a later stage.
What are the essential points to look into when choosing the right Company Secretarial Services firm, able to offer assistance on every level in terms of the red tape every business faces on compliance and regulatory issues?
Know who you are hiring:
Look into the qualifications of the directors and team to make sure that you are dealing with a firm that is as honest, transparent and committed to preserving your company name as they are to their own.
Dealing with one firm able to perform a comprehensive range of all the tasks required to streamline your statutory obligations, assist with administrative and corporate services along with trusted legal services is going to be far more cost effective than spreading them across a few consultancy firms.
Look into whether the consultancy firm is able to work across a broad range of industries, as well as with all levels of companies, from small start-ups to large corporate entities listed on the JSE, if not, stay away! The quality and amount of satisfied clients also speaks volumes for any reputable Company Secretarial Services firm.
Check into the qualifications of the staff:
This is vitally important when placing all your business eggs in one basket! If the staff is not registered with a reputable body like the Institute of Chartered Secretaries and Administrators in SA, they are definitely not going to make the cut. There is too much at stake to place your trust in a team that is inexperienced, lacks the requisite industry and legal experience, and is unable to work in any and every type of organisation, big and small!
Find out about how up to date the company is within the industry:
Make sure you spend time looking at how actively involved the Company Secretarial Services firm is in terms of changes to the Companies Act, King III Code on Corporate Governance (essential). Do they stay on the cutting edge of their industry by maintaining ongoing training within the firm, and do they assist clients in protecting themselves from changes to statutory or compliance regulations?
Look into the cost effectiveness of services offered:
The point of having one team to contact that will know your business inside and out, in order to provide the type of comprehensive services you need, is to save time and money, if this does not reflect in the attitude of the company you are considering, you will be wasting your own time and money.
Cost effectiveness is only achieved when the consulting firm you choose is able to deliver tailor made solutions and a flexibility that suits your requirements and your budget – whether the services you need are small or large scale.
Finding out more about what the team at Kilgetty Statutory Services is able to deliver will introduce you to a leading Company Secretarial Services firm, able to deliver on much more than just these points, which is exactly what you need in order to maintain excellent corporate governance practices, irrespective of the industry sector your entity represents!
With over 4000 loyal clients spread across South Africa, out of offices in Cape Town, Johannesburg and Durban, it is a given that you will be in the best hands possible with the team at Kilgetty!