Updated: Oct 31, 2022
Incorporation is the legal process followed before a business enterprise can start its functions as a company. A lot of time and paperwork is involved during this stage. If enough care is not taken, many things could go wrong, giving the corporation a rocky start. Among the most important considerations to make is getting the best company incorporation services, which can only be offered by a certified legal firm.
Companies differ in size and structure. Before embarking on incorporation, the owners already know how they want to run it after meeting all the requirements. However, a number of people may not have the slightest idea of where to start or how to go about it. This is where Kafui & Partners law firm comes in.
If you are wondering how to incorporate your company or you need reasons to convince you why you should hire the right company incorporation services, below are 13 reasons to help you out.
Why Should a Company Hire the Right Incorporation Services?
1. To Hasten Incorporation
A new company has many requirements and issues that require sorting. Each of these things requires time and attention. It is not easy to be at all places at the same time, and this is why hiring the right incorporation firm in West Africa is important.
A legal firm that’s conversant with this process will handle most of the work on your behalf. The professionals will also guide you on how to carry out other activities so that your company gets launched within the set time frame.
2. To Get Legal Guidance
A company incorporation services firm like Kafui & Partners will be in the frontline to give you the legal counsel you need in regards to your company. This advice is offered to prevent you from doing contrary to the law or doing things that will put your company down before it’s even running.
Among the guidance and clarifications that could be of help is, knowing if the business you are about to set up is legal, getting familiar with the laws guiding it, and learning how far you can take your business without rubbing shoulders with the system.
3. Handling Disputes and Legal Matters
Before incorporating your company, some legal problems or disputes can arise. In most parts of West Africa, cases such as business logos, names, legal patents, and copyright have been disputed by organizations. This is among the main reasons to consider hiring Kafui & Partners business registration service, as we have a team that’s capable of handling such disputes to avoid delaying your company’s incorporation process.
4. It Will Save You Money
Take a case scenario where you hired a company incorporation services firm that was not good at its job. Later into your business transactions, you realize that something went wrong during the registration process, contributing to current legal issues in your company. This causes you to start looking for corporate attorneys to help you out while your business starts stalling. Money and other resources are wasted in the process, while you could have saved it in the first place by hiring the right company incorporation services firm from the beginning and saved your company from such a case.
5. Closing Deals
Hiring the right business registration services for your company is the first step to making a big entrance into the market. When everything is in order from the word go and you follow the right procedure, many business deals will be coming your way. Getting a trusted law firm to take you through incorporation will attract potential business partners and deals because people have confidence in the legitimacy of your company.
6. Clear Documentation
You are assured that your company’s documents are in safe hands when you hire the right company formation services firm. The attorneys in charge of the process will take part in drafting, reviewing, and arranging the papers as well as taking them to the required offices for signing. The documents are then taken through binding and filing processes, where they are easily accessible in times of need.
7. Upholding Your Brands Reputation
The legal firm that takes your business through incorporation is mandated to uphold the reputation of your brand as you go about the early business stages. Any threatening actions that could result in lawsuits or damage the company’s reputation are dealt with at the incorporation stage. This keeps your business in check and you can go about your transactions with confidence because your attorneys got you covered.
8. Outlining the Legal Roles of the Company
Multitasking is a dangerous affair in the early days of your company or during the incorporation stage. Hiring the right company incorporation services firm will help you know the legal boundaries and other roles of your company. An attorney who is well learned and experienced will break the hard legal terms down for you and help the company keep to the right side of the law during its formation.
9. Giving the Company Credibility
By hiring business incorporation attorneys who are conversant with their role, your company will appear credible in the face of potential investors and business partners. A reputable incorporation services firm will make your new company gain its reputation early into the business, which is a great advantage for your business.
10. Quicker Negotiations
A company incorporation attorney has negotiation skills that you may not have. By leaving them to negotiate on your company’s behalf during its incorporation, you will save both time and money. You are also guaranteed to get great deals that will kick start your company’s goals and transactions in the right direction.
11. Govern the Company’s Conduct
A new company has a code of conduct that should be maintained for it to be successful. A business registration service firm will draft these codes and oversee their adherence to, long after the company has become functional. This boosts its success and brand reputation. Kafui & Partners is the company formation services firm of choice for these top-notch services.
12. Drafting of Contracts
If there are any contracts that require to be drafted or entered into at this stage, the right company formation services firm should be your go-to place. Hiring experienced attorneys will help you decode fine printed information that could cost your company later.
13. Creating a Guiding System
A new company has not undertaken activities such as filing tax returns. A lot of mistakes can be made if there is no guiding system within the organization. Another thing that's important for a company during its incorporation is to draft the by-laws, which act as the guiding system for the company’s internal affairs. This is among the main reasons you must hire the right company incorporation services firm, and Kafui & Partners guarantees you the best results in your company’s incorporation.