The Hong Kong Companies Ordinance, Chapter 622, makes it mandatory for every company to be registered in Hong Kong to have a company secretary. So important is the company secretary that indeed, your company will not be registered without one. In this post, we will look at the duties of a company secretary in a Hong Kong company.
What is a Company Secretary?
First, it is important to appreciate that a company secretary is completely different from common clerks who do clerical work. According to the Companies Ordinance, a company secretary is a senior officer in a company who is responsible for efficient administration, especially with respect to ensuring compliance with statutory requirements. So, you need to ensure that only the most qualified and committed person gets the job.
The Main Duties of Company Secretary
From the definition of a company secretary, there is no doubt that the roles he does and how he does them will greatly impact the company’s success. So, let us start by understanding the duties of a company secretary.
Fulfilling the Company’s Tax Obligation
When opening a company in Hong Kong, it is important to understand that the administration runs a business economy because the registered enterprises serve as the primary source of revenue. Therefore, the administration takes tax matters very seriously. Your company secretary is charged with the responsibility of ensuring that the company meets all its tax obligations. Some of these obligations include:
Overseeing the filing of the tax returns correctly and on time.
Seeking additional approval or clarifications on tax-related matters.
Registering the company with IRD (Inland Revenue Department).
Keeping Statutory Books
The Hong Kong Companies Ordinance also designates the company secretary as the custodian of the statutory books. This implies that the secretary should have every document that the government might need to inspect. In addition to keeping these books of account, the company secretary is also responsible for:
Updating the details on statutory books.
Producing and distributing company accounts and reports.
Planning and Attending Company Meetings
As we indicated earlier, the company secretary is involved with top-level management, and one of that roles is planning the company’s meetings. This is considered an important role because it is in these meetings that actions to be taken on different areas, such as books of accounts and employment, are made. Here is a breakdown of these duties:
Organize board meetings.
Participate in board meetings.
Prepare the agenda of the company meetings.
Implement the decisions made during meetings in compliance with laws.
Advise the company on compliance with the law.
Other Duties of a Company Secretary
While the roles we have outlined above are considered the core for a company secretary, they are not the only ones. Other administrative duties include:
Communicating with shareholders, the Stock Exchange, and regulatory bodies on behalf of the company.
Observing the company developments and giving advice to the board of directors.
Guiding the company through the process of liquidation.
If you are planning to incorporate a company in Hong Kong, the position of a company secretary is very important and should only be entrusted to a qualified and experienced person. With the best company secretary, you can rest assured that the business will make the best decisions and grow into the multinational of your dreams.
Mashum Mollah is the feature writer of Search Engine Magazine and an SEO Analyst at Real Wealth Business. Over the last 3 years, He has successfully developed and implemented online marketing, SEO, and conversion campaigns for 50+ businesses of all sizes. He is the co-founder of Social Media Magazine.
In a world where innovation constantly reshapes industries, the cannabis business community finds itself at the cusp of an extraordinary transformation. Picture a digital hub where cultivators, distributors, entrepreneurs, and enthusiasts converge, breaking down barriers, and fostering collaboration. Welcome to the Cannabis Business Social Network, a virtual garden of opportunities where seeds of knowledge, commerce, and community bloom.
If you have been searching for what a Cannabis Business Social Network is and how it can help you, you will find this blog to be of help. Keep reading this article till the end to learn more…
A Budding Vision: Cannabis Business Social Network!
The cannabis industry, once relegated to the shadows, is emerging into the light. As legal regulations shift, entrepreneurs sprout like resilient hemp, eager to explore this green frontier. However, navigating the labyrinth of cannabis commerce can be daunting. This is where the Cannabis Business Social Network comes into play.
The Seed Of Innovation
The genesis of this network lies in a shared vision: to create a digital ecosystem where cannabis professionals can thrive. Imagine a space where growers can share tips on optimizing yields, where dispensary owners can discuss the latest strains, and where budding entrepreneurs can find mentors to guide them through the labyrinthine world of regulations and compliance.
Central to this vibrant network is the continuous flow of cannabis news, keeping all members abreast of the latest trends, legal updates, and technological advancements. This stream of information acts as the lifeblood of the community, ensuring that every participant is informed, connected, and empowered to make data-driven decisions in this dynamic industry.
Cultivating Community
At its core, the Cannabis Business Social Network cultivates a sense of community. It's a place where individuals with diverse backgrounds, from horticulturalists to tech gurus, can connect and exchange ideas. It's a platform for knowledge-sharing, where every member plays a vital role in nurturing the growth of this industry.
The Greenhouse Effect: Features And Benefits
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Now, let's step inside the greenhouse and explore the features and benefits of this innovative cannabis business social network:
1. Networking At Its Finest
Business Matchmaking: Discover potential partners, investors, and collaborators who align with your vision.
Events And Webinars: Attend virtual conferences and webinars to expand your knowledge and network.
Chat Forums: Engage in real-time discussions with fellow enthusiasts, sharing insights and experiences.
2. Resource Library
Regulatory Updates: Stay informed about ever-changing cannabis laws and regulations.
Growing Guides: Access expert advice on cultivating the finest cannabis strains.
Business Insights: Learn from successful entrepreneurs who've blazed a trail in the industry.
3. Marketplace
Product Listings: Showcase your cannabis-related products or services.
Reviews And Ratings: Make informed decisions based on user reviews and ratings.
Job Listings: Find the perfect talent to complement your team.
4. Compliance Hub
Legal Guidance: Seek legal counsel and insights to navigate the intricate web of cannabis regulations.
Best Practices: Access industry best practices to ensure your business remains compliant.
5. Community Engagement
Forums and Groups: Join specialized communities, from CBD enthusiasts to cannabis tech innovators.
Mentorship Programs: Connect with experienced mentors willing to guide newcomers.
Nurturing Growth: Success Stories
Every flourishing garden has its success stories, and the Cannabis Business Social Network is no different. Here are a few tales of growth and prosperity:
1. Marianne's Microgreens
Marianne, a dedicated microgreens cultivator, struggled to find a consistent market for her CBD-infused microgreens. Through the network's matchmaking feature, she connected with a local dispensary owner looking for unique products. Today, her microgreens adorn the dispensary's shelves, and Marianne's business is booming.
2. Elevated Education
John, a recent college graduate passionate about the cannabis industry, lacked the connections to secure a job. He joined the network's mentorship program and was paired with an experienced cannabis professional who provided invaluable guidance. Within a year, John landed a dream job as a compliance officer at a leading cannabis firm.
The Future Of The Green Network
As we look ahead, the future of the Cannabis Business Social Network appears brighter than ever. Here are some exciting developments on the horizon:
1. Global Expansion: With the cannabis industry gaining traction worldwide, the network aims to connect professionals on a global scale, fostering international partnerships.
2. Blockchain Integration: The network is exploring the integration of blockchain technology to enhance security and transparency in cannabis transactions.
3. AI-Powered Insights: Expect AI-driven data analytics to provide members with actionable insights into market trends and consumer preferences.
4. Legal Advocacy: The network is committed to advocating for sensible cannabis policies and supporting efforts to destigmatize the industry.
Top 5 Best Cannabis Social Network That You Should Know About In 2023!
In the rapidly growing cannabis industry, networking is crucial for businesses looking to thrive and connect with like-minded professionals. Fortunately, there are several dedicated cannabis business social networks that offer a platform for collaboration, knowledge-sharing, and growth. In this guide, I will explore the top five cannabis business social networks, each with its unique features and benefits.
1. Leafwire
Leafwire is often dubbed the "LinkedIn of Cannabis." This social network is a go-to platform for cannabis entrepreneurs, investors, and professionals seeking to build connections and partnerships in the industry. It offers a user-friendly interface with features like business profiles, forums, and groups. Users can join discussions, share news, and even access a job board specific to the cannabis sector. Leafwire's focus on business networking makes it a valuable resource for those looking to expand their cannabis-related ventures.
2. WeedLife
WeedLife takes a holistic approach to cannabis networking. It combines social networking features with a comprehensive cannabis information hub, making it an ideal platform for both businesses and enthusiasts. Users can create profiles, connect with others, and engage in discussions. Additionally, WeedLife offers a marketplace for products and services related to cannabis, making it a one-stop shop for industry professionals. This multifaceted approach sets WeedLife apart as a valuable resource for entrepreneurs and consumers alike.
3. Cannabis Associates Network (CAN)
Cannabis Associates Network, commonly known as CAN, is a niche platform dedicated solely to the cannabis industry. It provides a space for professionals to connect, share insights, and collaborate. CAN's focus on professionalism and industry-specific content makes it a valuable resource for those seeking to establish themselves in the cannabis business world. Users can join groups, participate in forums, and access a directory of cannabis businesses, making it easier to identify potential partners or clients.
4. MJBizConNEXT Direct
MJBizConNEXT Direct is an extension of the renowned MJBizCon events, known for bringing together industry leaders and innovators. This social network offers a platform for professionals to connect year-round. It provides a space for discussions, networking, and accessing exclusive content. MJBizConNEXT Direct leverages the expertise and credibility of the MJBizCon brand, making it a valuable resource for businesses looking to stay updated on industry trends and connect with influential figures.
5. 420 Magazine
While 420 Magazine is primarily a cannabis information portal, it also has an active and engaged community forum. This platform offers a space for cannabis enthusiasts, cultivators, and business owners to interact. Users can participate in discussions, share cultivation tips, and stay informed about the latest cannabis news. While not exclusively a business network, 420 Magazine's forum can be a valuable resource for networking within the cannabis community.
Join The Green Revolution
In conclusion, the Cannabis Business Social Network is more than just a platform; it's a movement. It's a testament to the resilience and ingenuity of the cannabis community, determined to thrive in an industry that's finally stepping into the spotlight.
Whether you're a seasoned cultivator, a tech innovator, or simply someone curious about the world of cannabis, this network welcomes you with open arms. Join us in cultivating a vibrant, thriving ecosystem where the seeds of innovation and community can grow, and where the cannabis industry can continue to flourish.
So, come on board, dear reader, and be a part of this remarkable green revolution. Together, we'll nurture the cannabis industry to new heights, one connection at a time.
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Twenty-some years ago, there were no tags. The Internet was in its infancy, digital transactions and interactions a pipe dream and Big Data was still actually little. Today, though, tags reign as multi-purpose tools to manage your online content and much, much more.
Tags essentially are a means of defining and differentiating data. Used in a marketing/advertising context, they collect information about visitors to, say, an e-commerce website, and how they behave, sending it back to the originating platform for further analysis and action.
More generally, tags are an important way to structure the content for usability and SEO. Think header tags, which separate sections of content on a website and establish visual hierarchies. As marketer Aleh Barysevich writes in Business 2 Community, that’s important for calculating your page rank.
For bloggers, he adds, blog post tags can help organize posts within a content management system and are less important for SEO than for semantic optimization.
But it’s e-commerce where marketers have become creative with tags and their functionality. It’s tags that enable a brand to “follow” consumers with messaging once a site has been visited or an ad clicked on. And as today’s twist on e-commerce of peer-to-peer selling or social marketplaces grows in importance, tags are keeping pace.
Patrick Mackaronis, the founder of Brabble, notes that the “marketplace” function on social platforms like Facebook (and Brabble, too, for that matter) represents an environment for transactions that is transparent, easy and frictionless. As a result, he adds, that’s turned the global online classified market into a big business, now at the $100 billion marks, but poised to shoot past $1 trillion in the not too distant future.
“It’s also driven the need for a new type of tag, one that meets the needs of the individual seller versus the brand’s marketing and advertising teams,” Pat Mackaronis notes.
Macaroni’ Brabble has responded to the need by patenting what they have branded *Star Tags. These tags are in many ways more versatile than standard tag technology, he says. They are designed to facilitate how a seller showcases products being sold in social marketplaces and how they’re purchased, through programmable links embedded into the digital content.
Mackaronis says: “*Star Tags stay native to a post, and can be shared infinitely across the social web as well as with eCommerce platforms.”
*Star Tags perform like tags on e-commerce sites, tracking data behind each transaction – like amounts of money being spent on particular types of products. They give social sellers the same kind of power as big brands to understand their buyers and target them more effectively.
With the input of Logica, the leading tech firm with which Brabble has partnered, the *Star Tags technology will be built out. Mackaronis is expecting the two organizations to use the technology as a basis for future direct partnerships and revenue programs with companies that want to make their online sales and marketing campaigns work harder – and more effectively.
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In the last few years, more and more businesses are realizing the importance of branding. As against sales and marketing, businesses know that branding is essential for the long-term vision, sustainability, and growth of an organization.
While many businesses have made the mistake of equating branding with marketing, there is growing awareness that the two are separate in form and function. This is leading many businesses to invest in strategic branding experts that can help them.
In this resource article, we are going to look at five factors that businesses should consider before hiring branding experts, consultants, or strategists. If you are a business owner looking to invest in a long-term branding exercise, this article will guide you in the right direction.
How can a Branding Expert help a Business: What you need to know
Before we get to the list of factors that should be considered, it would be better if we discuss how a branding expert can help a business in the first place.
Business owners are in agreement that branding is important. What they do not know is how they should proceed. Many have the mistaken assumption that branding is only logo designing, social media presence, and marketing!
While this is not entirely false, the above constitutes just about 5% of what branding is all about.
In reality, a branding expert can help a business optimize three main focus areas about the brand-
Tangible Visual Properties- photoshoots, imagery, social media presence, logo designs, color schemas, fonts, website, blog section, and videos.
Tangible Textual Content- brand motto, values, culture, mission statement, blog articles, slogans or taglines, social media copy, and content.
Intangible Brand Promise- credibility, culture, personality, trust, levels and positioning, perception, experiences, customer service, and support.
As you can see from what we have mentioned above, this is a fairly exhaustive list of topics. An experienced and credible branding expert will help you address all the above goals and objectives.
List of 5 Factors to Consider when Hiring a Branding Expert for your Business
1. Creativity-
While technical specializations are an important aspect of the digital age, you want the branding expert/consultant/agency to be creative. Some of the leading brand strategists like Bennet Schwartz have several years of experience as Creative Director. Creativity is an essential factor you should look at as branding is all about good storytelling that captures audiences.
2. Experience-
Being great at branding requires years of experience. This is not something you can get up and get good at. It requires sophistication, expertise, and years of executing marketing and social media strategies. Great branding experts that lead organizations are often Creative Directors with a graphic design or copywriting background. You need to look for at least five years.
3. Past Client Credentials-
If you are lucky enough to get a branding expert that has worked with a business in your niche, you are on the right path. Even if you do not get one, the key is to look at past client portfolios. Ask the agency or expert to take you through the kind of work they did. Focus on both the creative as well as the technical ROIs. Do not hire someone before establishing credentials.
4. Timelines and ROIs on the Project-
Small trick- if the branding expert says that they will get you the moon and stars within six months, they are lying. You should bail immediately. Experts will tell you that branding is a long-term gain where you need to invest for at least two or three years to start seeing results. It is best to get a definite answer in this regard as it will help guide your business expectations.
5. Prices, Payment Structures, and Affordability-
This ultimately depends on what you are asking the branding agency to do. If you want the whole suite of what we mentioned in the earlier sections, you are looking at sizable costs. However, you can always break it up into stages and ensure incremental payments. Make sure to discuss the same with the agency so that there are no problems later on the payment front.
The Final Word
Branding differs from business to business. It is a completely individualized experience that comes with a customized strategy. In other words, what worked for one brand might not necessarily work for someone else. This is something that separates great branding experts from the ones who are just in the market to make some money. If you have any questions, you would like us to address, please let us know in the comments below.
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