The Involvement of Third-Party Professionals in Business Registration and Property Transfer
Complex business regulations and bureaucratic processes tend to be obstacles for new entrepreneurs. To navigate these processes as smoothly as possible, entrepreneurs may solicit the services of third-party professionals. Whether in business incorp...
| Main Authors: | , , , , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/234271570426506708/The-Involvement-of-Third-Party-Professionals-in-Business-Registration-and-Property-Transfer http://hdl.handle.net/10986/32516 |
| Summary: | Complex business regulations and
bureaucratic processes tend to be obstacles for new
entrepreneurs. To navigate these processes as smoothly as
possible, entrepreneurs may solicit the services of
third-party professionals. Whether in business incorporation
or land transactions, third-party agents provide
professional assistance and ensure that certain processes
comply with the regulations in place. Depending on the
economy and the specific regulatory process, these
professionals can be lawyers, notaries or accountants, among
others. This policy note explores the role of third-party
professionals in the areas of starting a business and
registering property in 168 economies and analyzes some of
the differences in terms of time and costs for services
provided by third-party professionals, as well as trends and
reforms over time. The doing business indicator sets for
these areas are used to benchmark the steps, cost, and time
to incorporate a business and to transfer a property. |
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