Corporate services

Source: Wikipedia, the free encyclopedia.

Corporate services or business services are activities which combine or consolidate certain

best practices
, and technology to serve internal (and sometimes external) customers and business partners. The term corporate services providers (CSPs) is also used.

Corporate Service Providers may work in a diverse set of fields such as

advisory services, auditing and so forth. Typically the emphasis of the service agreement is on providing clients with an improved functional and experiential quality over time.[1]

In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services".[2] This provides performance indicators in five categories: Finance, Human Resources, Information & Communication Technology, Procurement, and Estates Management.

Examples of corporate services

Business advisory service

A

strategic and operational
improvements to the business.

Company incorporation

Company incorporation is the process of forming a company

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.[3]

Registered agent

A registered

legal action such as a lawsuit or summons.[6]
Some examples of related services include:

  • Compliance services
  • Business licensing
  • DBA
    Doing Business As filings.
  • Preparation and filing of reports that must be filed from time to time (Annual, Biennial, etc.)

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[citation needed]. Some examples of tailored services include:

Accounting and tax services

outsource
their basic work. The services involve preparing and submitting obligatory documents required by authorities associated with business practice. Some basic services include:

Investment and stock exchange

Market research for investment along with risk evaluation is another corporate service designed to help clients make financial decisions. Intellectual property 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.

Offshore bundled services

Where local Corporate Service Providers (CSPs) offer bundled basic services to support

offshore financial centres or in onshore financial centres
. Typical services include:

Legal aspects

In ordinary circumstances, corporate service providers may not, or alternatively will not, act as a

represent itself in legal processes
. It also avoids excessive risk on behalf of the purveyor of corporate services.

This practice seeks to ensure that the

litigations or corporate bankruptcy
filings where the enterprise entity of the client is considered legally incapacitated and is therefor incapable of representing itself in a court process. In these rare cases the corporate service provider may decide to act as a trustee for the client.

See also

References

  1. ^ "Success Factors in Developing New Business Services". Emerald Insight.
  2. ^ "Public Audit Forum: Publications". Archived from the original on 2008-01-02. Retrieved 2008-01-29.
  3. ^ "Cima F1 Dumps". Retrieved 19 Jan 2017.
  4. ^ E.g., Nevada Revised Statutes § 14.020.
  5. ^ E.g., Ohio Revised Code § 1701.07.
  6. .