5 Reasons Why You Should Make a Company Chop Part One

Before we dive deep into why you should make a company chop, we need to know first what a company chop is. A company chop or company chop is a device to emboss a company’s identification visual onto a document.  

The term company chop is often mistaken for company seal. Even though both of the terms are interchangeable nowadays, historically speaking, a company seal was required by law to seal contracts, deeds, and other documents. It was mandatory and had legal consequences while the company chop was not. However, the law was revoked in Singapore a few years ago. 

Although there is currently no requirement for the company to have a company chop, it is still widely used today. Companies even pay a lot to get their stamp professionally designed so it can reflect their company’s spirit. The reason behind it goes beyond its main function as an authorization device.  

Here are 5 reasons why one should make a company chop: 

1. International Business 

In many countries, a company chop is still legally required. If your company undertakes business abroad or you strike a deal with foreign companies, their lawyers may ask you to authorize documents with an official stamp. If the requirement is not met, there are risks that your contracts or documents become void and have no legal standing. This is exactly why an official company chop is still needed in the business field and made by many companies at a company chop maker! 

2. Efficiency 

Company chop can effectively save your time to certify documents. Of course, signing documents manually still works, but it will be a hassle to do it over and over again for hundreds of documents. Not only it is such a waste of time, consistently issue most likely will occur. Moreover, a company chop may be useful when a company’s signatories are in a different location since it can replace the need for authorized signatories.