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 a great thing that you more about them first and the things that they are offering ahead of time. These are the important things that you must check out when you would choose that company formation agent to be sure that you will have such professional and also complete service.
The first thing which you need to make sure is that they should be registered with ACRA. Such association encourages the agents in that business formation industry to reach and maintain high standards. Thus, when your formation is associated with the ACRA, then you can have a great quality and more reliable service.
Also, you must make sure that they have an excellent level of customer service. You need to check if they have a great level of customer support on a lot of media in place because such is really important when you have questions regarding the formation process. They should have excellent email support, telephone support or live chat support.
You must also find out if they have the services which you may require. 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 could make it a lot easier for the company to have such necessary accounting systems in place from the formation of the company and may indicate a great level of business expertise from that agent.
It is also really important that they are backed by those chartered accountants and 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.
Are they giving free business consultation? There are those agents which offer free one hour consultation following the formation to be able to discuss such start-up tax and accounting obligations. This can be a great way to know all you should know to start your business and have answers to the questions which you have and make sure that you can stay compliant with the company laws as well as regulations.
The business and personal finances should be separate. Such would mean that your new business will have a new bank account.