Corporate services
Encyclopedia
Corporate services are activities that combine or consolidate certain enterprise
-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners.
In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services"
This provides performance indicators in five categories ( Finance ; Human Resources ; Information & Communication Technology ; Procurement ; Estates Management )
advisory service advises current and future businesses prospects of a client
, with the aim of advancing their business
or company
. This service is used by all types of businesses and would involve examining the legal, tax, finance, market and risks factors involved to start up a business
or making new changes to the business
. Business advisory services are given by organisations with experience in company formation
.
officially in the country of residence. It is also possible non-residents to set up a company: see offshore company
. However, laws vary in all countries. International corporate service consultants specialise in dealing with incorporation in the country in question. Once application is successful, the company will receive a certificate of incorporation
. Which provides valid existence of the company under the registered name given.
services are useful for companies wanting to outsource their basic work. The service an involve preparing and submitting many obligatory documents required by authorities associated with business practice.
Some basic services include:
protection is seen as an investment, this is a service some consultancies may also advise on. Similarly, stock exchange
services can bring about specialist reports on past, current and forecasted stock exchange
trends, with a personalised analysis.
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners.
In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services"
This provides performance indicators in five categories ( Finance ; Human Resources ; Information & Communication Technology ; Procurement ; Estates Management )
Business Advisory Service
BusinessBusiness
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
advisory service advises current and future businesses prospects of a client
Customer
A customer is usually used to refer to a current or potential buyer or user of the products of an individual or organization, called the supplier, seller, or vendor. This is typically through purchasing or renting goods or services...
, with the aim of advancing their business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
or company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
. This service is used by all types of businesses and would involve examining the legal, tax, finance, market and risks factors involved to start up a business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
or making new changes to the business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
. Business advisory services are given by organisations with experience in company formation
Company formation
Company formation is the term for the process of incorporation of a business in the UK. It is also sometimes referred to as company registration. Under UK company law and most international law a company or corporation is considered a separate entity to the people who own or operate the...
.
Company Incorporation
Company incorporation is the process of forming a company corporationCorporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
officially in the country of residence. It is also possible non-residents to set up a company: see offshore company
Offshore company
The term offshore company is ambiguous. It may refer to either:# A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre i.e...
. However, laws vary in all countries. International corporate service consultants specialise in dealing with incorporation in the country in question. Once application is successful, the company will receive a certificate of incorporation
Certificate of incorporation
A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government. Its precise meaning depends upon the legal system in which it is used, but the two primary meanings are:* In the U.S.A...
. Which provides valid existence of the company under the registered name given.
Finance and Banking
Corporate services such as finance and banking, were first introduced to remove pressure from the client's organisation when dealing with complex banking and finance issues. Specialist information and tips are provided by the consultancy to manage finances appropriately, and some can set up a corporate bank account for clients. Some examples of tailored services include:- Corporate Bank Account
- Offshore bankOffshore bankAn offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction that provides financial and legal advantages. These advantages typically include:...
Accounts - Multi-currency Accounts
- Brokerage Accounts
- Private Banking
- Corporate Loan Applications
Accounting and Tax Services
Accounting and taxTax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
services are useful for companies wanting to outsource their basic work. The service an involve preparing and submitting many obligatory documents required by authorities associated with business practice.
Some basic services include:
- PayrollPayrollIn a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons...
- Maintaining cash flow books
- Tax registration
- Tax returns
- Corporation tax
- Tax Planning (international)
Investment and Stock Exchange
Market research for investment alongside with risk evaluation is another corporate service designed to help clients make financial decisions. Intellectual propertyIntellectual property
Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
protection is seen as an investment, this is a service some consultancies may also advise on. Similarly, stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
services can bring about specialist reports on past, current and forecasted stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
trends, with a personalised analysis.