Why does your business need Corporate Services?
The legalities of setting up and maintaining a business can be overwhelming and time-consuming, whether incorporating the company, protecting intellectual property rights or maintaining the documentation formalities of the business. Working with the right Corporate Services provider with adequate experience and knowledge of the regulations of setting up businesses in the country of operation ensures the facilitation of different business processes.
What are the Corporate Services?
Incorporation Services
Incorporation is the legal process of registering a new business and organizing its legal entity form, whether it is a sole proprietorship, joint-stock, limited liability, foreign branch, non for profit, ....)
Incorporating a new business includes drafting the articles of incorporation, which is essential in:
1. Protecting owner's assets and determining personal liabilities
2. Facilitating ownership transfer
3. Raising capital through stock sales.
4. Regulating the tax rates.
Corporation Maintenance
There are many ongoing legal requirements that businesses need to maintain to ensure their company complies with the laws.
Sometimes new business owners may not be aware of all the essential documents they need to prepare and file to comply with their jurisdiction of incorporation. Corporate Services providers help in maintaining internal formalities and government filing requirements that include but not limited to:
- Assembly General Meeting (AGM) minutes
- Corporate Resolutions
- Dividends payments
- Board of directors and officers changes
- Stock Registration
- Articles of association updates
- Stock Transfer ledger
- Articles of association updates
- Stock Transfer ledger
Trademarks & Copyrights
The world is becoming more competitive, and boundaries between different markets globally are becoming weaker. This is why protecting intellectual property assets like trademarks and patents is crucial for business survival to ensure protecting the business against copycats and competition.
Trademarks are names, symbols, slogans or anything used to distinguish goods and services of a company from the competition. Trademarks are an indispensable part of running a thriving business, so it is good to take adequate actions to protect and enforce trademarks.
Importance of a Trademark: it stops competitors from using the business's trademark or creating a very similar one that confuses clients. Trademarking can also give the business legal ownership in specific locations, be they local, state, or nationwide.
Copyright protects original forms of intellectual properties like literary, dramatic, musical and artistic works. Laws grant the owners of the copyrighted work exclusivity in using and distributing their work, performing it publicly for a certain amount of time, usually very long.
Importance of Copyrights: The copyright protects the type of work as the writing, art of drama itself rather than the topic itself.
The Patent is the exclusive right granted for a new invention that can be a product, service, or process that is usually technical. To claim a patent, technical information about the invention must be disclosed to the public.
Importance of Patent: patents help safeguard business’s new inventions and provide exclusive rights to the inventors to exclude others from exploiting the patented invention. Business owners can capitalize on this exclusive right and commercialize the patent.
Why is it advised to work with Corporate Services Providers?
The importance and the impact of Corporate Services are significant for the survival and success of a business, so it advisable to delegate these services to professionals. Below are few reasons why:
Compliance Knowledge
Laws and regulations change all the time and are different in different jurisdictions, and it is difficult and time-consuming for a business to keep up with these changes constantly. Companies with the proper industry knowledge help business owners fully understand the laws and provide the needed support.
Time-Saving
Delegating tasks to professionals with specialized knowledge helps save time, especially in overseas operations.
Error Free Process
Hiring experts and reliable teams to handle complex processes ensure smooth error-free delivery of tasks.
Committing to legal deadlines
Corporations are constantly required to deliver legal and internal documents to adhere to business policies and regulations, and there are always deadlines. In case of missing these deadlines, penalties are usually incurred, which will be adding unnecessary fees to the corporate budget.
Professional corporate service providers will ensure deadlines are met on time, and the proper documentation is submitted.
Reasons to choose Ahmed Mamdouh & Co. Kreston Egypt for your Corporate Services
Ahmed Mamdouh & Co. Kreston Egypt services cover a wide array of clients’ needs that include but not limited to:
- Corporate Services
- Audit and Assurance
- Accounting and Outsourcing services
- Business Restructuring and Insolvency
- Financial Advisory Services
- Internal Audit and Control Assurance Services
- Tax services
We helps you focus more on taking care of the core business rather than wasting time on formal paperwork; our team can be your business's consultant from the early phases of deciding the suitable incorporation form to managing taxes and business restrictions.
Our team provides value-added services depending on the needs and the size of your business.
Our team has in-depth knowledge of industry know-how and regulations in Egypt. Check out Kreston Corporate Services and get in touch with our team to schedule a consultation to discuss your business's needs, and determine how Ahmed Mamdouh & Co. Kreston Egypt can help your business.
References:
https://www.investopedia.com/terms/i/incorporate.asp
https://www.rikvin.com/blog/why-engage-a-corporate-service-provider
https://www.olympiabenefits.com/blog/understanding-the-importance-of-corporate-maintenance-and-compliance
https://ptes.edu.in/the-importance-of-copyrights-patents-and-trademarks-in-business
https://www.rikvin.com/blog/why-engage-a-corporate-service-provider