Formations debate: Jordans opening statement
To kick off AccountingWEB's company formations debate, Jordans puts its argument in favour of the motion, "This house believes that accountants need to get more involved with company formations to add value to their client relationships."
For easy, straightforward company formations, Companies House web incorporation can be a good choice. But, and it’s a big but, we believe that for anything slightly more complex, accountants should get more involved. This is where we think with our expertise we can support the accountant. The layman can’t necessarily tell what’s simple or easy. At Jordans we know the right questions to ask.
The cost of getting it wrong at the beginning can be high. We are prepared to dedicate time to ensure the accountants and their clients make the right choices.
It can be incredibly difficult to sort out problems later as one of our clients is currently discovering. The two members of the company thought that as they held 51% of the shares they were assured control of the company. Details of the share rights showed this was not the case.
The Companies House web incorporation offering may be suitable for one-man band arrangements with no plans for expansion, but it will not suit more ambitious or non-standard companies.
For a busy accountant, Jordans can take the pressure off. With our outsourcing solutions we act as extra members of your team. We are doing this for a number of large and small accountants at the moment. We also “white-label” services for some practices and formation agents wanting to offer a tried and tested formations package.
We take a flexible approach to how clients want to deal with us. You can always talk to us if you want to. On the other hand if you’d rather deal with our technology-driven solutions we can arrange that too.
Text alerts for clients, provision of an INO1e with all the incorporation information (otherwise only available via a search), specialist electronic formations that cannot be formed via Companies House use technology to strengthen your relationships with clients.
The market may be changing but some issues in business never go away.