Corporate Secretarial Firms and Their Necessity in Malaysia
As per Malaysian law, every company must hire a company secretary. However, they can be a boon for startups and businesses that are still growing. This is why corporate secretarial firms are very beneficial as they simply send secretaries to work for other companies.
Read further as we state some reasons you should hire corporate secretarial companies:
They Have People With Good Skills
In Malaysia, generally, a secretary will be held liable if the company doesn’t fulfil its regulatory requirements. The secretary must be able to prepare annual general meeting documents, minutes of meetings, maintain member registers, director’s reports, and other documents. They should also be able to handle the registration and transfer of shares, and the communication between shareholders.
There are many other responsibilities of company secretaries in Malaysia. Nevertheless, secretaries have a lot of work to do in the office. It will be safe to say that they are one of the busiest people in the workplace. Not to mention, general skills like communication, record keeping, etc. are also important. As everyone can’t do or understand the roles or be able to produce effective results despite being very busy, it is a great idea to hire corporate secretarial firms.
When you hire a new secretary, there are various processes to take care of. You have to post a vacancy, go through various applications, shortlist candidates, conduct interviews to check the attitude, etc. Moreover, the employees may need to go on a probationary period to undergo training and familiarize themselves with the work culture. Even after those gruelling procedures, it’s still inconclusive whether they are the right person for the job. After all, you won’t be able to see them produce results right away.
This is why hiring secretarial firms is a more practical option, especially for smaller businesses with limited budget and time.
Hiring your own secretary requires a lot of money. We aren’t only talking about the salary, but you will also have to pay for the benefits, insurance, etc. Furthermore, as employees need to rest on public holidays, it may be a challenge to continue the work when they are out.
With corporate secretarial firms, you won’t have to pay for the salary or any benefits. Plus, as you don’t need to go through the hiring process, you save money that you would spend while finding the perfect applicant. The services already are affordable, and the workers have all the skills.
Other benefits when it comes to the budget are transparency and flexibility. Corporate secretarial services only charge for their responsibility and scope of work. They have fixed price points, and their fees vary depending on the things they need to do.
A Great Quality of Work
Even for companies for whom budget isn’t a big issue, the work quality produced by corporate secretarial firms can be appealing. They have expert secretaries, and as the secretaries generally work for many companies, they are experienced.
As you don’t have to provide training, corporate secretarial services start producing results right away. In some cases, secretarial services can even give feedback to their client company, which is going to be very valuable if the client company is a newly registered startup.
Corporate Secretarial firms in Malaysia make your business processes easier by sending great secretaries at a reduced price. You can contact 3E Accounting Malaysia for the best corporate secretarial services in all of Malaysia.