Ram V Chary: Recruiting Key People for Your Business
Starting a company can be a daunting task, especially because there are so many important people you will need to stay in contact with throughout the process. Today, Ram V Chary will look at some of the most important people and their responsibilities when setting up an enterprise.
When starting a business, Ram V Chary says that there are many legal requirements that you must follow to ensure your venture is legitimate and can be carried out successfully. It would be best if you thought about several people besides typical roles, such as CEO or administrator.
For starters, you need a company secretary. The company secretary ensures that the business adheres to all legal requirements. They report directly to the board of directors. Their other responsibilities include negotiating contracts on behalf of the company, ensuring minutes are kept for meetings, signing documents on behalf of the company, and being responsible for the annual audit.
Ram V Chary also says you’ll want to get a company auditor. The board of directors appoints the said individual to examine and report on the company’s financial statements. Their role is to express an opinion on financial reports, which helps companies maintain their credibility in front of lenders and creditors.
Next is the company liquidator, who is responsible for winding up the affairs of a company. Ram V Chary says that company liquidators collect the company’s assets, pay any debts, and distribute the remaining funds to the shareholders. In addition, company liquidators have to make sure that all creditors have been paid and that all assets have been sold or disposed of before they can dissolve a company.
What other key people do you think are needed in a startup? Please share them with Ram V Chary in the comments section below.
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Ram V Chary 